Measurement Flashcards
What is IPMS and why was it introduced ?
International Property Measurement Standards, introduced in RICS Property Measurement 2018 to improve global transparency in measuring and remove inconsistencies
Why is accuracy important when measuring?
To ensure that there are no errors in the later purpose for which you are measuring for
Why did you measure using GIA at Unit BA the Paddocks
as this was in line and advised by the Code of Measuring Practice 2015
Can you talk me through what GIA includes and excludes?
Includes: everything within the building to the internal face of the perimeter wall, such as internal walls and columns, areas under 1.5m in height, stairwells, mezzanine areas with permanent access
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Exclude: perimeter wall thickness, canopies and covered ways and external fire escapes
You confirmd that the measurement at Unit BA the Paddocks was within 1%, is there a standard tolerance within RICS?
No
it is based on the difficulty of measuring, site specific conditions and the purpose for which you are measuring.
E.g a greater margin of error is accpeting in measuring an out of town car park than a london office
Why did you measure the Riverbridge office in NIA?
As it was requested by my Client and also comparables were in NIA
What is included and excluded in NIA?
Include: All useable area, atria with clear height above (at lowest level), entrance halls, notional lift lobbies, kitchen stationary cupboards
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Exclude: Toilets, columns and internal walls, plant and lift rooms, stairwells, cleaner cupboards, areas under 1.5m in height, continuous heating across perimter wall, protrusions over 0.25m
What is the difference between NIA and IPMS 3?
- All internal walls and columns included in IPMS 3 Office, but excluded in NIA
- Are under 1.5m in height included but stated seperately in IPMS 3 office, but excluded in NIA
- Areas occupied by the reveals of windows included in IPMS 3 Office (internal dominant face)
- Balconies and roof terrace with exclusive use included in IPMS 3 Office
- Enclosed walkways in exclusive use included in IPMS 3 Office
If you were to measure a retail building what measurement approach would you adopt?
NIA
If you were to measure an ancillary office in industrial, what would you measure it to?
GIA
When would you use zoning?
For retail space frontage to depth ratio
What professional statement do we adhere to when measuring a property?
I am aware of the professional statement RICS Property Measurement 2nd Edition (2018) and understand how this incorporates the International Property Measurement Standards.
What is IPMS 3 used for?
Office (formerly NIA) Agency and valuation – a basis of measurement for valuation, market analysis and marketing of offices for rental and capital.
How often do you calibrate your laser measure?
annually by sending back to manufacturer
Is zoning a method of measurement?
No it is a technique and method of valuation analysis