Measurement Flashcards
Explain the:
GN Code of Measuring Practice 2015
PS Property Measurement 2018
How would you describe NIA
Net Internal Area
net effective area that you would measure in a building
NIA is used for certain asset classes wrt valuation (as opposed to construction)
How would you describe GIA
GIA is used for all asset classes for construction
GEA
GEA
Explain zoning
A valuation technique which considers the front side of the retail unit to be more valuable than parts at the back
(show examples of zoning)
Office content within a warehouse building
Generally 10%
Under GIA, how do you deal with a mezzanine?
If it’s got permanent access, you include it in GIA
If it’s got a rope access or a lean to, you do not include it
What are the typical measurements to take in an industrial unit?
- Size of loading doors
- eaves height
- floor loading capacity
Explain IPMS
IPMS mandatory currently to resi and office
Benefits of IPMS: produce consistency of comparing assets around the world
Key features of measuring office unit to IPMS?
IPMS 3 is MANDATORY to record it
If client doesnt want it, you don’t have to include it in report BUT you have to
Internal dominant face (face that occupies 50% of that wall area)
Particularities of IMPS in multi let floor?
Key features of measuring office unit to IPMS?
IPMS 3 is MANDATORY to record it
If client doesn’t want it, you don’t have to include it in report BUT you have to have measured it + promote the benefits of it to client
Internal dominant face (face that occupies 50% of that wall area)
IMPS All Buildings 2023
Will lead to a new Property Measurement PS to make mandatory IMPS for all asset classes
What are the tools of measurement
- Laser
- Measuring tape
- Trundle wheels (as a check post measuring on website)
How do you ensure your laser measurer is calibrated?
You measure a known distance