CONSTRUCTION ESTIMATING NEWS (update by every month)

RICS launches landmark new guidance to the construction sector

The organisation described it as one of the most significant launches by RICS in the past 30 years. The standards were presented to an audience of over 100 industry attendees with speakers including chief Construction Advisor Paul Morrell, Mike Peasland, chief executive officer for construction services UK at Balfour Beatty and, Duncan Trench, head of delivery, development securities.

‘Endorsed by industry and welcomed by government, the Black Book and NRM suite see RICS delivering real value to its members and the construction industry in defining what good looks like,’ said Alan Muse, director of built environment professional groups at RICS.

‘The use of these standards will provide clients with greater certainty and consistency in the construction process and will reduce risk, enabling a level playing field for clients to measure expectations against when procuring services, and for practitioners to benchmark their performance against,’ he explained.

‘Clients and employers will likely reap cost and good practice efficiencies through the standardisation of construction and procurement costs and processes. If followed, these standards will form the basis of an efficient, cost effective industry,’ he added.