Measurement Flashcards
What are the key RICS documents regarding measurement?
RICS Professional Statement: RICS Property Measurement, 2nd Edition (2018)
AND
Code of Measuring Practice, 6th Edition (2015)
When was the RICS Professional Statement: RICS Property Measurement, 2nd Edition (2018) effective from?
1st May 2018
What is GEA?
The area of a building measured externally at each floor level
What is GIA?
The area of a building measured to the internal face of the perimeter walls at each floor level
What is NIA?
The useable areas within a building measured to the internal face of the perimeter walls at each floor level
What is IPMS?
International property measurement standards
What are the benefits of IPMS?
Increase transparency of measurement data, and property data more generally
Consistent language for the property industry globally
Reduces risk, facilitating international trade in property
Easier property portfolio benchmarking
Greater credibility for valuation professionals globally
What is a component area in IPMS?
One of the main elements into which the floor area of a building can be divided
What are the component areas in IPMS?
Component area A – vertical penetrations
Component area B1 – external wall
Component area B2 – internal structural elements
Component area B3 – internal non-structural elements
Component area C – technical services
Component area D – hygiene areas
Component area E – Circulation areas
Component area F – amenities
Component area G – living space (residential)
Component area H – other areas (e.g. balconies, covered galleries etc.)
If a component area is a multifunctional use, what should it be stated as?
Stated according to its principle use
To what properties does IPMS currently apply?
Offices and residential
What is dual-reporting?
When members report the measurement both in terms of IPMS and another basis
When should dual-reporting be adopted?
This should be adopted when the client specifically requests a standard other than IPMS
What is the benefit of dual reporting?
It facilitates comparative analysis both locally and internationally
What is IPMS 1?
The sum of the areas of each floor level of a building measured to the outer perimeter of external construction features, and reported on a floor-by-floor basis
Universal standard that applied to all building classes
In IPMS 1, what measurements are included but stated separately?
Covered galleries
Balconies (being external to the main structure of the building)
Generally accessible rooftop terraces
All measured to their outer face
What areas are excluded in IPMS 1?
Open light wells or the upper-level voids of an atrium
Open external stairways that are not an integral part of the structure, for example, an open framework fire escape
Patios and decks at ground level, external car parking, equipment yards, cooling equipment and refuse areas, and other ground level areas that are not fully enclosed are not to be included within IPMS 1, but may be measured and stated separately
Why has the RICS made changes from the Code of Measuring Practice to the RICS Professional Statement: RICS Property Measurement?
Move to IPMS aims to provide globally consistent measurement of property
What is the difference between IPMS 1 and GEA?
Covered galleries are included but stated separately in IPMS 1 and included in GEA
Balconies, accessible rooftop terraces are included but stated separately in IPMS 1 and excluded in GEA
What is IPMS 2 – Office?
The sum of the areas of each floor level of an office Building measured to the
Internal Dominant Face and reported on a Component-by-Component basis for
each floor of a Building
In IPMS 2, what measurements are included but stated separately?
Covered galleries
Balconies (being external to the main structure of the building)
Generally accessible rooftop terraces
All measured to their inner face
What areas are excluded in IPMS 2?
Open light wells
Upper level voids of an atrium
Patios and decks at ground-floor level not forming part of the building structure
External car parking
Equipment yards, cooling equipment and refuse areas
These and other ground-level areas that are not fully enclosed are not to be included within IPMS 2 – Office but may be stated separately
What is the difference between IPMS 2 and GIA?
Area occupied by the reveals of windows when measured and assessed as the internal dominant face are included in IPMS 2 and excluded from GIA
Covered galleries are included but stated separately under IPMS but difference interpretations of the Code may apply (depending on local practice)
Balconies are included but stated separately under IPMS 2 but excluded form GIA
Accessible rooftop terraces are included but may be stated separately under IPMS 2 but normally excluded from GIA
What is IPMS 3 – Office?
The floor area available on an exclusive basis to an occupier, but excluding standard facilities and shared circulation areas
Calculated on an occupier-by-occupier or floor-by-floor basis for a building
What are standard facilities in IPMS 3 - Office?
Those parts of a building providing shared facilities that typically do not change over time, including stairs, escalators, toilets, cleaners’ cupboards, plant rooms etc.