2. Professional Standard: RICS Property Measurement (2nd Ed.) 2018

Question 1

What is the Name of the RICS Professional Standard that incorporates IPMS, and why is it Important to the RICS?

Answer 1

RICS Proofessional Standard: RICS Property Measurement (2018).

IPMS is important to the RICS because they want to create one international standard for property measurement.

Question 2

According to the RICS website, what two elemants are comprised in the Professional Standard?

Answer 2

1. Professional Standard: Property measurement
   - Application of PS
   - Technical definiations
   - IMPS: Office buildings
   - IPMS: Residential
2. RICS IPMS data standard
   - document refelcts IPMS standrads, will be updated over time to comply with other IPMS standards (industrial, retail, mixed use - as they are published)
   - for all buildings except office and residential, RICS Code of measuring practice (COMP) may still apply)

Question 3

For all RICS members and firms involved with work that includes measurement must comply with which requiremenets?

Answer 3

• purpose of measurement instruction
• date of measurement
• measurement standard adopted
• if IPMS not used, document reason why
• measurement methodolgy (e.g. disto)
• scale of plans
• floor area schedule
• unit of measure
• Name of RICS member / firm responsible for the instruction