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Construction is one of the largest industries in the world economy with an estimated $10 trillion spent in the sector every year.
The Q2 2017 RICS Global Commercial Property Monitor shows sentiment in the real estate sector remains generally upbeat in the majority of markets.
A universal system that enables global comparison of construction project costs launches today. RICS will begin preparation of a global professional statement in cost prediction, incorporating ICMS, later this year and expect publication in 2019.