Measurement Flashcards
(29 cards)
When was RICS Professional Statement 2nd Edition 2018 effective from?
1 May 2018
What are key RICS documents regarding measurement?
RICS Property Measurement 2nd Edition 2018
RICS Code of Measuring Practice 6th Edition 2015
IPMS
International Property Measurement Standards
Published by International Property Measurement Standards Coalition 15 Jan 2023
Benefits of IPMS?
worldwide consistency
increased transparency
easier portfolio benchmarking
facilitates international trade in property
Dual Reporting
reporting in terms of IPMS and another basis
Can only do this with good reason, EG all comparable evidence is NIA/GIA/GEA so need to compare like with like
When should dual reporting be adopted
When there is not enough comparable evidence using the same basis, so the client requests another standard is used as well
Benefit of dual reporting?
Facilitates comparative analysis both locally and globally
Why did RICS change from Code of Measuring to Property Measurement?
Provides a globally consistent measurement practice
IPMS 3
The Floor Area available on an exclusive basis to an occupier, but excluding Standard Facilities, and calculated on an occupier-by- occupier basis
Standard Facilities
Areas of a building that provide shared facilities and typically do not change over time
EG stairs, lifts, toilets, cleaner cupboards, plant rooms
What is included in IPMS 3?
internal walls and columns
half the common wall as measured to centre line when there is adjacent wall
What measurements are included but stated separately in IPMS 3?
internal balconies
accessible rooftop terraces
areas under 1.5m
Difference between IPMS 3 and NIA?
Internal walls and columns are excluded NIA, and included IPMS 3
common walls measured to dominant face in NIA, and to centre line in IPMS 3
enclosed walkways/passages excluded NIA and included IPMS 3
Internal dominant face
Inside finished surface of a wall
What does NIA include?
atria and entrance halls
kitchens
areas with ventilation / heating grills
areas occupied by skirting / perimeter trimming
What does NIA exclude?
perimeter wall thickness
external projections
external balconies
external car parking
external stairs
areas under 1.5m
lift rooms, plant rooms, toilets, cleaner cupboards
What is NIA used for?
rating
property management
estate agency and valuation for shops, supermarkets and business use
Main reasons for property measurement
valuation
purchase and sale
leasing and letting
RCAs
business rates
property management
Equipment for Measurement
laser measurer
trundle wheel
measuring tape
ruler
digital mapping
knitting needle / kebab stick
What information must be kept on file and included in the measurement report?
use of building (or part that is being measured if mixed use)
IPMS standard (1/2/3.1/3.2/4.1/4.2)
methodology
tools used
unit
date
scale of any plans used
floor area
whether measurement has been validated on site (new to IPMS All)
name of RICS member who measured
What must RICS members/firms consider when evaluating the level of accuracy that is achievable and acceptable?
purpose
client requirements and expectations
building conditions
ramifications if insufficient
Code of Measuring Practice 6th Edition 2015
defines GEA, GIA and NIA
provides worked examples
intended for U.K. use only
Property Measurement 2018
Professional Statement: Aim and Scope of Standards
IPMS: Office and Residential
Note: Code of Measuring Practice is now separate document
Principles of measurement
air and reasonable representation of area (cannot be tweaked)
capable of being measured
objectively verifiable
all measurements except height taken horizontally
clearly documented (IPMS standard used, method, tools, unit and date)
Note: state how measurement was taken EG Pro Map software, hand drawings, laser in person
