Measurement - Summary of Experience Flashcards
What are the RICS documents regarding measurement?
RICS Code of Measuring Practice, 6th Edition 2015
RICS Property Measurement, 2nd Edition 2018
When was the RICS professional standard, RICS property measurement 2nd edition 2018 effective from?
1st April 2018
- Reissued as a professional standard in June 2024
What were the changes under the June 2024 reissue of RICS property measurement?
Changed from statement to standard
Why did RICS change from the code of measuring practice to the professional standard?
To provide a global standard of measuring practice - Was not previously consistent
What is IPMS?
International property measurement standards
- Do not seek to define units of measurement but states what is included within measurements (accuracy)
Why were the IPMS brought in?
- To provide international consistency (confidence)
- Increased measurement data transparency
- Easier portfolio benchmarking of measuring
- Facilitates international property trade
What is an international standard?
Something that is established and agreed at an international level - Implemented and delivered locally
- Organisations subscribe to its use and implementation through their membership
What is a component area in IPMS?
Elements to which floor areas are divided
- Designated according to their structure and function
e.g. sum of all component areas will each to IPMS1/2/3
What is GEA?
The area of a building measured internally at each floor level (measured to the exterior walls)
What is GIA?
The area of a building measured to the internal face of the perimeter walls at each floor area
What is NIA?
The useable area of a building, measured to internal face of the perimeter walls at each floor level
When did IPMS all buildings become effective?
15 January 2023 - Not mandatory for RICS
Tell me about IPMS all buildings?
- Lets users choose standard relevant to purpose of the area being measured
- Introduced to create clearer boundaries on extent of each measurement - 4 stage process introduced for each measurement
- Superseded all previously published IPMSC
What does IPMSC stand for?
International property measurement standards coalition
If a IPMS component area is multifunctional use, what should it be stated as?
State according to principle use
What properties does IPMS currently apply to?
All buildings as of 2023, before it was just office and residential
What is dual reporting?
Reporting in terms of IPMS and another basis
When should dual reporting be adopted?
ALWAYS - When there lacks comparable evidence using the same basis - Therefore client requests standard other than IPMS
Benefit of dual reporting?
Facilitates comparative analysis locally and globally
Can you talk me through the steps you undertook to measure the office unit at Croxley Park?
1) Review lease - Gathered existing floor plan
2) Confirmed measurement basis what is included/excluded + Undertake risk assessment
3) Conduct and record measurements
4) Complete measurement report - Send to client
What is IPMS 1?
- The sum of the areas of each floor level of a building measured to outer perimeter of external construction features, reported on a floor by floor basis
What is featured within the RICS Code of Measuring Practice 2015?
- Measurement standards
- Best practice guidance on measurement techniques to maintain professional standards
- Guidelines towards consistency
SIMPLE - provides succinct, precise definitions
What is the difference between IPMS1 and GEA?
- Internal balconies (included in GEA - Stated separately in IPMS1)
- External balconies (excluded in GEA - Stated separately in IPMS1)
- Accessible rooftop terraces ( excluded in GEA - Included and stated separately in IPMS1)
What is the difference between IPMS2 and GIA?
- Internal balconies (Included in GIA, included but stated separately in IPMS2)
- Areas occupied by reveals of windows when measured and assessed as IDF (excluded in GIA, included in IPMS2)
- Measured to internal finish in GIA and IDF in IPMS2