Measurement Flashcards
What are the relevant documents to measurement?
- RICS Professional Statement, Property Measurement (2nd Edition) January 2018
- RICS Guidance Note, Code of Measuring Practice 2015
Why was RICS Property Measurement January 2018 brought in?
- To avoid inconsistent definitions of measurement in different countries and bring greater global transparency
What are common facilities?
Parts of a building that provide shared facilities that typically do not change over time, including stairs, escalators, lifts/elevators etc.
What are component areas?
The split between each of the area’s purposes
Internal Dominant Face
Inside finished surface comprising 50% or more of the surface area for each vertical section
IPMS 1
Sum of areas of a building including the external walls, measured on a floor-by-floor basis
When is IPMS 1 used?
Planning or building cost purposes
IPMS 1 inclusions but seperately (3)
- Covered galleries
- Balconies
- Generally accessible roof terraces
IPMS 1 exclusions (5)
- Upper void levels of an atrium
- Open external stairwells
- Patios
- Refuse areas
- External parking at ground level
IPMS 2
Sum of the areas of a building measured to the internal dominant face on a floor-by-floor basis and reported on a component-by-component basis for each floor
When is IPMS 2 used?
Agency, asset managers and valuation purposes
IPMS 2 Inclusions (3)
All areas including internal walls, columns, covered walkways etc.
IPMS 2 Inclusions but separately (3)
- Covered galleries
- Balconies
- Generally accessible roof terraces
IPMS 2 Exclusions (6)
- Upper void levels of an atrium
- Patios
- Refuse areas
- External parking at ground level
- Cooling equipment
- Open light wells
IPMS 3
Floor area available on an exclusive basis to an occupier but excluding standard facilities on an occupier-by-occupier basis
When is IPMS 3 used?
Agency and valuation purposes