Measurement Flashcards
What is the difference between IPMS and the old form?
GEA is IPMS 1
GIA is IPMS 2 - it is measured to the internal dominant face of the wall
NIA is IPMS 3 - although it includes columns
What types of IPMS are there?
Office, residential, industrial (2018), retail (2019)
What is COMP?
The RICS Code of Measuring Practice. This is from 2015.
Is COMP still used?
yes for industrial and retail
What does IMPS 3 include?
Columns, low level areas and measured to the dominant face of the wall.
What is a laser measure?
A device that uses a laser to measure distances.
What are the limitations of the laser measure?
Does not work well in light or outside Limited range
How would you recalibrate a laser measure?
- Measure it against something you know the length of
* Send back to manufacturer for free re calibration
What is an RCA?
- A reinstatement cost assessment is a calculation of the cost to rebuild a property for insurance properties
What documentation did you review prior to undertaking this RCA?
- Floor plans
* Desktop review to determine age of the building
What are the types of RCA?
- Day one reinstatement: Cost to completely rebuild the building, including any demo, plus any insurance
- RCA with Inflation
- Reinstatement less wear and tear
What is a day one RCA?
Cost of reconstructing the property including:
- Demo and professional fees
- Not including inflation
What should you consider when undertaking an RCA?
- IMPS 2
- Demolition requirements and site clearance
- Professional fees
- If it is listed
- If in conservation area
What areas do you exclude in an RCA?
- Tenant’s fitting-outworks
What did the sections of your RCA report include?
- Summary sections
- Building description
- Breakdown of the costs
- The reinstatement period