An insulating concrete form system uses a stacked arrangement of foam panels to receive pourable concrete to construct a concrete wall of a building structure. Webs located in the panels hold the panels in parallel spaced relation. The webs have laterally extending ties. The ties have one or more projecting members having arms extending into grooves adapted to receive rebar. Outwardly extending truss member are used to fasten multiple webs during shipping. Couplings releasably connect the ties to end portions of the web and allow the ties to be moved along the length of the end portions as desired.