The Impact of the EU Data Act on Cost Engineers'Code of Conduct:the RICS-based Practice
With the development of digital technology and the rapid growth of data volume globally,data has gradually become a key element in supporting economic development.Facing global data competition,the EU has actively introduced a series of legal regimes related to data governance and personal data protection.In order to safeguard and strengthen Europe's digital sovereignty,EU is committed to building a fair and transparent data governance environment.To help certified professionals better respond to data risks and opportunities,RICS has made a series of updates and revisions to its members'code of conduct.However,at present,relative associations governing cost engineers in China have not yet put forward relevant regulations on coping with data governance.There are still major pitfalls in terms of data security and data protection.Therefore,this paper aims to delve into the key aspects of the EU Data Act and focuses on the reform changes to the RICS members'code of conduct as well as the impact of the enactment of the EU Data Act on the RICS members.Finally,recommendations for the management of cost engineers are given.