New Cost Control and Carbon reporting Templates mandated for use from 1st January 2024

16 January 2024

The OGP have published new Cost Control and Carbon reporting templates, incorporating the International Cost Management Standards (ICMS3). The templates are for use on all new capital works projects (commencing stage 1) from 1st January 2024.

It is now mandatory to use the templates to report on capital costs of works projects. Nine templates have been provided to facilitate reporting on public works project across various sectors of the construction industry. The templates are based on ICMS3.

The templates provide for reporting on embodied carbon during construction as an option. It is not mandatory to report on and/or monitor embodied carbon at this stage.

The new templates can be found in Standard Forms for Cost Planning & Cost Control on the CWMF website.