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See Lian Ong, the global president of the Royal Institution of Chartered Surveyors, has urged the building and quantity surveying industry worldwide to operate at the highest professional standard for the sector’s future sustainability and growth.
He was speaking at the International Cost Engineering Council 8th World Congress, hosted by the Association of SA Quantity Surveyors at Durban’s International Convention Centre on Monday. More than 400 delegates are attending the conference, which ends today.
“The importance of having the highest professional standards in this industry can never be underemphasised, especially now in a changing and uncertain economic environment…
“We have seen what the lack of integrity in the financial sectors of some countries in the world has had on the world economy. We can’t afford such a situation in our industry, where costing is at the heart of what we do,” added Ong.
He said while the developed world was struggling economically, emerging economies were the ones to watch.
“The higher growth rates of Brics (Brazil, Russia, India China, SA) countries highlights the importance of emerging markets and the changing dynamics in the world economy. Funds and investors are now looking to these countries,” he said.
The institution aims to significantly strengthen its membership in SA and is actively promoting international standards and best practice in the built environment in the Southern African Development Community.
The industry body is developing and growing its presence in SA by forging links with the Association of SA Quantity Surveyors, SA Geomatics Institute, SA Council for the Property Valuers Profession, the Fédération international des géomètres (FIG), leading SA universities and the Chartered Institute of Arbitrators.