Measurement Flashcards
What 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.
Can you explain the definition of RICS Professional Statement, RICS Property Measurement 2nd Edition (2018) ?
Provides precise definitions to ensure a common and consistent approach to measurement.
What is IPMS 1 ?
Measuring the area of a building including external walls on a floor by floor basis.
Used for planning and building cost purposes.
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?
Covered Galleries - IPMS included but states separately. GEA included.
Balconies - IPMS included but states separately. GEA exluded.
Accessible roof terraces - IPMS included but MAY state separately. GEA excluded.
What is IPMS 2?
Used for measuring the area of a building to the internal dominant face of a wall on a floor by floor basis.
How would you define the internal dominant face?
The inside finished surface comprising more than 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