Measurement Flashcards
knWhat is IPMS ?
Internal Property Measurement Standards - It sets out how to measure property.
Do you think IPMS is successful?
It ensures that property assets are measured in a consistent way, creating a more transparent marketplace, greater public trust, stronger investor confidence, and increased market stability.
What are the benefits of IPMS?
Confidence
Consistency,
Benchmarking internationally for occupiers and investors
Transparency.
What are the key RICS documents regarding measurement?
- RICS Code of Measuring Practice, 6th Edition 2015
- RICS Property Measurement, 2nd Edition 2018
RICS Property Measurement (2018)
2 parts :
Aims and scope
IPMS: office and residential
To provide worldwide consistency.
When was the RICS Professional Statement, RICS Property Measurement 2nd Edition (2018) effective from?
1st May 2018
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
In IPMS 1 - what measurement are included but stated separately?
- covered galleries
- balconies (being external to the main structure of the
building) and - generally accessible rooftop terraces.
What areas are excluded in IPMS 1?
Open light wells
Open external stairways
Patios
External car parking
What is GEA?
Gross External Area is the area of a building measured externally at each floor level.
What does GEA include?
Perimeter wall thickness and external projections
Areas occupied by internal walls and partitions
Columns
Internal Balconies
Plant rooms
Loading bays
Areas with headroom under 1.5m
What does GEA exclude?
Balconies
External car parking
External fire escape stairs
Canopies
Roof terraces – state area separately as they may have value
What is GEA used for ?
Town planning, rating and council tax, and building cost estimation
What is the difference between IPMS 1 and GEA?
IPMS 1 GEA
External Balconies State Separately Excluded
Internal Balconies State Separately Included
Accessible Rooftop Terraces State Separately Excluded
What is IPMS 2?
The sum of the area of each floor level of a building measured to the internal dominant face.
How would you define the internal dominant face?
The finished surface that makes up over 50% of the floor to ceiling height
In IPMS 2, what measurements are included but stated separately?
- covered galleries
- balconies (being external to the main structure of the
building) and - generally accessible rooftop terraces.
What areas are excluded in IPMS 2
Open light wells
Open external stairways
Patios
External car parking