Measurement Flashcards
Why is measurement a hot topic?
Ongoing trend within the profession to move to international standards
What are the bases of measurement?
GIA, GEA and NIA
What is the trend in measurement in the industry?
A move to International Standards, such as the International Valuation Standards (IVS)
What is the key professional statement related to Measurement?
RICS Professional Statement: RICS Property Measurement, 2nd Edition January 2018 (incorporating the IPMS)
What was the purpose of the International Property Measurement Standards?
“Aims:
- to avoid inconsistent definitions of measurement in different countries and bring greater global transparency
- consistencies in property measurement to be adopted by governments and industry on a global basis “
Are you supposed to report just in IPMS?
Encouraged to report on a dual basis. It is the intention that it will become mandatory practice
What are the mandatory requirements for all RICS members when measuring offices and residential buildings?
”- Provide a date when the measurement was undertaken
- State the measuring methodology undertaken
- Provide the reference and scale of any plans used
- State the conversion factor from metric / imperial and any rounding
- The measurements and calculations must be clearly documented
- Retain a record of the RICS member responsible to certify the above reqs.”
What does Paragraph 1.2 of the RICS Professional Statement: RICS Property Measurement, 2nd Edition January 2018 (incorporating the IPMS) state?
“1. Adopting IPMS is mandatory for the reporting of residential and office space
2. Members are expected to advise their clients of the benefits of IPMS. However it is understood that IPMs is not suitable in all circumstances and in those circumstances members must document the reason for their departure”
What does Appendix A of the RICS Professional Statement: RICS Property Measurement, 2nd Edition January 2018 (incorporating the IPMS) contain?
Acceptable tolerances
What are defined terms within IPMS?
”- Common facilities
- Component area
- Finished surface
- Internal dominant face (IDF)
- IDF wall section
- Limited use area
- Useable floor area”
What is IPMS 1 offices use?
Planning or building cost purposes (GEA)
What is IPMS 2 offices use?
Agency and valuation purposes (GIA)
What is IPMS 3 offices use?
Also for agency and valuation purposes (NIA)
What is the IPMS 1 definition?
”- Includes external walls on a floor by floor basis
- Included but stated separately: covered galleries, balconies, generally accessible roof terraces (GEA did not include galleries and balconies)
- Exclusions: upper void levels of an atrium, open external stairwells, patios, refuse areas, external parking at ground level “
What is the IPMS 2 definition?
”- Interior of an office to include all areas available for direct use, measured to the ‘Internal Dominant Face’ of the wall on a floor by floor basis in component areas
- IDF is defined as ‘the inside finished surface comprising more than 50% of the floor to ceiling height for each IDF wall section
- Included but stated separately: covered galleries and balconies, generally accesible roof terraces
- Exclusions: open light wells and upper level voids of an atrium, patio and decks at ground floor level and external parking and equipment yards, cooling equipment and refuse areas”
What is the IPMS 3 definition? (Measures occupation)
”- Occupation of floor areas in exclusive use
- Uses same assumptions as IPMS 2
- Measured to IDF
- Floor area available on an exclusive basis to an occupier
- Excludes: standard facilities providing shared or common facilities such as stairs, lifts, motor rooms, WCs, cleaners cupboards
- Included but stated separately: Covered galleries and balconies, generally accessible roof terraces”
What are the main differences between IPMS 3 and NIA?
“1. Perimeter measurements are taken to the ‘Internal Dominant Face’
2. No exclusions for restricted height of less than 1.5m
3. All columns are included
4. Area occupied by the reveals of a window when measured and assessed as the internal dominant face
5. On floors with multiple occupiers, the area is taken to the midpoint of the partition wall between the tenancies.
6. Covered galleries and balconies for there exclusive use of one tenant are included and stated separately”
What are the IPMS for Residential definitions? (Came into effect 1st May 2018)
”- IPMS 1 External
- IPMS 2 Residential (Internal) - interior area of the building
- IPMS 3 Residential (Occupier) - the occupation of the building on an exclusive occupation, broken into the three sub areas:
IPMS 3a - Measurement to the outer face of the external wall and centre-line of shared walls
IPMS 3b - Measurement of the area in exclusive occupation, including internal walls and columns, measured to the IDF
IPMS 3c - Measurement of the area of exclusive occupation, excluding occupation, excluding the walls and columns, measured to the IDF and finished surface”
What is the best practice document for measuring for everything except residential and offices?
RICS Code of Measuring (6th Edition, May 2015)
What is GEA used for?
”- Town planning
- Council Tax Valuations
- Building cost estimates for houses”
What is GIA used for? (approx 2-3% reduction from GEA)
”- Estate Agency
- Rating
- Building Cost estimation for commercial assests & valuation of industrial/warehouses & valuation & rating of retail warehouses and food stores”
What is NIA used for? (approx 15% deduction from GIA)
”- Rating (retail)
- Valuations (retail)
- Building cost estimation (retail)”
When measuring GIA for Industrial/Retail Warehouse what needs to be included?
”- Include columns, lift wells, mezzanines with permanent access, loading bays
- Exclude canopies, fire escapes, and covered ways
- Ancillary offices within the unit are measured on a GIA”
When measuring NIA for shops with full height partitions, how do you estimate the actual width?
”- Remove a ceiling tile
- Try and get behind the partitioning (any holes/gaps)
- Inspect a basement/first floor to see actual built width
- Scale from floor plans
- Take sufficient on site measurements to calculate ITZA”