The International Cost Engineering Council – Global Objectives

Institute of Brazilian Cost Engineers
Publication Type:
Journal Article
Revista Engenharia de Custos, 2014, pp. ? - ? (6)
Issue Date:
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The International Cost Engineering Council (ICEC) was established in 1976 in recognition of the need for the project cost management profession to be represented and promoted on a global scale – in effect to provide a global identity for the profession. It acts as an umbrella organisation for cost engineering, quantity surveying and project management associations around the world. ICEC now has a membership base of 40 national associations located in 35 countries and represents over 100,000 cost management professionals working in over 120 different countries. This is demonstrative of the global reach of the project cost management profession. The key purpose of ICEC is to provide the central vehicle for the sharing of information and knowledge in to assist in the development of the profession and professional cost management standards across the globe. This will be of particular benefit to developing countries and countries where the discipline has not been traditionally recognised. There is currently a large gulf in the quality and sophistication of project cost management services provided by firms in countries where the discipline is well established and that provided by firms in countries where the discipline is emerging or has only a rudimentary foundation. As a non-profit organisation that is not competing with anyone, ICEC is well placed to provide this central global platform to bring the profession together for mutual benefit.
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