PCA is in the process of revising the Prescriptive Methods book as I type. If you are designing residential and similar low-rise, it is the most economical way to design if you are not equipped to do full analysis. The prescriptive method book has been passed between PCA, NAHB, and FHA, but now is a consensus document published by PCA:
In PDF:
or print:
ACI 560 is looking to have their design guide ready for public comment by Spring 2013. We will have training sessions once that is in print. ACI 560 will also have sessions at next fall's ACI convention in Phoenix.
As far as pitfalls, the main one is trying to construct these without having proper training. Most manufacturers offer training at low or no cost. My first ICF course was as a builder and designer about 12 years ago, from ARXX. Each ICF brand has its quirks and tricks, so best to pick one to start and stick with it until you understand it thoroughly. That said, I have chastised several ICF industry representatives for proclaiming the differences in using their product. With flat wall ICFs, there are differences, and attending to these in the design phase will improve economy, but ignoring them with an experienced builder on the project is not a real problem. The biggest issue is to find out before design which system you plan to use, so you account for block sizes and things like foam thickness. Otherwise, you may end up with inefficient use of ICF blocks (like having to cut 8 inches off the height) or need to revise cladding and other details (particularly around windows and doors.)
Contact local contractors (look on manufacturer's website for these) and identify one or two brands and builders. Then, get familiar with the mfg design instructions, which cover things like block sizes, coursing, corners, and concrete and foam thickness. Stick with flat wall systems for now. The waffle and screen grid systems are more complicated for design and construction, and the amount of concrete you will save is usually of little importance on most small buildings, everything else considered. Don't be afraid to use more reinforcement (what did you expect me to say) located in the middle of the block. Don't over economize concrete and steel when doing so complicates the layout or design. The formwork is the place to economize. Also, keep in mind that the cost of conventional concrete building frames is 50% formwork (including labor), and about half of the remaining portion is labor. ICF's shift that equation toward less labor, since setting forms and placing reinforcement is much easier and faster.