The local construction industry could significantly benefit from two free public seminars next week by global expert on measurements, David Pickens from the Australian Institute of Quantity Surveyors.
Mr. Pickens will introduce the new International Construction Measurement System which has already been adopted by 45 professional bodies around the world, according to Ron Rova, President of the Fiji Institute of Quantity Surveyors.
FIQS is also a member of umbrella body, the Construction Industry Council.
The first seminar is scheduled for May 9th, 2018 at the Tanoa Plaza in Suva with a second session planned a day later for May 10th at Nadi’s Hexagon Hotel, both at 6pm.
CIC President Gordon Jenkins says this newly established standard system of measurement is similar to how Accountants adopted the International Financial Reporting System or IFRS.
“Currently the way construction projects are reported and costed varies significantly from one market to the next. These differences make it hard to compare projects around the world, therefore increasing investment risk and impeding transparency,” said Mr Jenkins.
The ICMS has its origins from a meeting at the International Monetary Fund in 2015.
“This will be a good opportunity for us in Fiji to be able to use the new standard to benchmark our work against others around the world, also allowing local firms to bid for international tenders” says Mr Rova.
He also thanked the Ministry of Employment, Productivity and Industrial Relations for supporting the seminars and encouraged all relevant stakeholders to attend and make full use of this opportunity to advance their knowledge on ICMS.
Meanwhile the Construction Industry Council will also be holding their annual conference from June 14th, 15th and 16th at WARWICK FIJI.