Measurement Flashcards
When would you use the various IMPS measurement methods?
- IPMS 1 – used for planning/development
- IPMS 2 – used for office agency and valuation (GIA basis)
- IPMS 3 – used for office agency and valuation (NIA basis)
What measurement basis is used for Industrial & Retail Warehousing
GIA
Include: columns, lifts, lift wells, mezzanines with permanent access, loading bays
Exclude: canopies, fire escapes and covered ways
What would you measure in NIA?
Retail (approx 15% reduction from GIA)
When would you use GEA?
Planning and Council Tax Valuations
How would you measure a yard?
You most commonly would use mapping software to calcluate the site area. You can use a trundle wheel on site also.
What is the RICS Standard for measurement?
RICS Professional Standard: RICS Property Measurement (2nd Ed.) January 2018
When did the RICS statement get categorised as a Standard for measurement?
June 2024
What two elements for property measurement comprise of?
- Professional Standard: Property Measurement
- RICS IMPS Data Standard
What are the RICS requirement surrounding measuring in reports?
- stating purpose of measurement
- date
- measurement standard adopted
- if IPMS not used document why not
- methodology used (laser/tape)
- scale of any plans used
- floor area ashceule
- name of RICS memeber/firm
What is the aim of the IPMS?
- The international property measurement standards are measurement standards introduced to generate consistency in property measurement practice internationally
- Allows properties to be compared on a like for like basis
- It is currently only in practice for offices and residential property with industrial and retail to be introduced next however, there is no date confirmed for this as yet
What is IPMS?
International Property Measurement Standards
Please explain your understanding of the recent IPMS Updates?
What is your view of the IPMS Updates?
- problematic to get people to change how theyhave been working
- in theory it would provide a useful measurment standard which can be used globally and allow for better comparisons to be made cross-market
What is IPMS 1 used for?
Measuring the area of an office building includive externall walls on a floor by floor basis. All columns are included. No exclusion for restricted headheight
Exclusions: upper void levels of an atrium, open external stairwells, patios, refuse, external ground parking
When is IMPS 2 used?
Measuign the interior of an office to include all aread for direct use. Measured to the Internal FOminant Face of the wall on a floor by floor basis.
Exclusions: open light wells, atrium voids, patio at ground, external parkng, cooling equiptment and refuse areas