Measurement Flashcards
RICS Professional Standard: RICS Property Measurement 2018
- Guidance provides an understanding of the application of the professional standard and technical definitions
- It also incorporates aspects of the IMPS guidance
What are the two elements of the RICS Property Measurement Professional Standard?
- Professional Standard: Property Measurement
- RICS IMPS Data Standard
What must RICS members comply with / what information should be retained on file when measuring a building?
- Purpose of the instruction
- Date of measurement
- Measurement standard adopted
- If IMPS not used, document the reason for departure
- Measurement methodology adopted (e.g. laser measurer or tape measure)
- Scale of any plans used
- Floor area schedule with relevant areas cross referenced to floorplans
- Unit of measurement
- Name of the RICS member and/or RICS regulated firm responsible for the instruction
Advising your client on the use of IMPS
- RICS members are expected to advise their client or employer on the benefits of using IMPS
- However, it is understood that IMPS is not suitable in all circumstances and in these circumstances RICS members must document the reason for departure
What is IPMS?
International Property Measurement Standards
It is a global RICS-led initiative that is aimed at avoiding inconsistent definitions of measurement in different countries and bringing greater global transparency
Is IPMS mandatory guidance?
Yes, RICS members must advise their clients about the benefits of IPMS, and members are encouraged to report on a dual basis until IMPS is embedded into market practice
What is IMPS: All Buildings?
- This is stated to supersede all previously published IMPS standards for individual asset classes. However, it has not yet been incorporated into RICS guidance
- RICS Professional Standard: Property Measurement 2018 incorporates out of date IPMS publications for Office Buildings and Residential Buildings
What is the most up to date guidance for property measurement?
- RICS Professional Standard: Property Measurement 2018
- It applies to all properties and includes IPMS measurements for offices and residential buildings only
- The RICS Code of measuring practice 2015 applies to all other asset classses
Which guidance should you adopt when measuring industrial and retail properties?
Code of Measuring Practice 2015
Which guidance should you adopt when measuring office and residential properties?
- IPMS unless clients/employers instruct otherwise
- Must document the reason for departure from IMPS
What is the definition of common facilities?
The parts of a building that provides shared facilities that typically do not change over time, for example the stairs and lifts
What is the component area?
The area at ground level enclosed by the outermost structural extension of a building, usually the drip line
What is a finished surface?
The wall surface directly above the horizontal wall-floor junction, ignoring skirting boards, cable trunking, heating and cooling units and pipework
What is the internal dominant face (IDF)?
- It is the inside finish comprising more than 50% of the floor to ceiling height for each IDF wall section
- If such does not occur, the Finished Surface is deemed to be the IDF
What is the IDF wall section?
Each internal finish of a section of an External Wall, ignoring the existence of any columns, that is either recessed from or protrudes from its adjacenet section
What is a limited use area?
- In certain markets there may be areas in buildings that are incapable of legal or effective occupation due to local or national legislation
- IMPS does not specify what a limited use area is, as that differs from market to market
- The area should be identified, measured and stated separately within the IMPS reported areas
- An example of a limited use area would be areas below 1.5m in height
Also areas with limited natural light
What is IMPS 1: Offices used for?
- Planning or building cost purposes (GEA)
- Used for measuring the area of a building including external walls on a floor-by-floor basis
What is IMPS 2: Offices used for?
- Agency and valuation purposes (GIA)
- Used for measuring the interior of an office to include all areas available for direct use, measured to the IDF of the wall on a floor-by-floor basis in component areas
What is IMPS 3: Offices used for?
- Agency and valuation purposes (NIA)
- Used for measuring the occupation of floor areas in exclusive use using same assumptions as IMPS2
- Measured to the IDF on a floor-by-floor basis
- Excludes standard facilities providing shared facilities such as stairs, lifts etc.
What are the measurements included but stated separately for IMPS 1?
- Covered galleries
- Balconies
- Generally accessible roof terraces
What are the exclusions for IMPS 1?
- Upper void levels of an atrium
- Open external stairwells
- Patios, refuse areas, external parking at ground level
What are the measurements included but stated separately for IMPS 2?
- Covered galleries and balconies
- Generally accessible roof terraces
What are the exclusions for IMPS 2?
- Open light wells and upper-level voids of an atrium
- Patio and decks at ground floor level
- External parking and refuse areas
What are the measurements included but stated separately for IMPS 3?
- Covered galleries and balconies
- Generally accessible roof terraces