Abstract
The CEEC Code of Measurement for Cost Planning provides a long-sought-for basis for meaningful European cross-border cost comparisons. References to national standards enable analysis and comparison of real estate projects or properties based on readily available data. The European Committee for Construction Economics (CEEC - Comité Européen des Economistes de la Construction) focused on this cost planning instrument to improve cost assessment at a pan-European level. The Code defines standard cost groups and basic quantities. The cost groups cover both the construction costs of real estate as well as its costs in use and form a framework for life-cycle cost analysis. The basic quantitative units are used for establishing common European cost indicators. The current version of the CEEC Code will be further developed over the years to come. National standards that have not been included to date will be incorporated in the future and the level of detail of the Code will be expanded.