Measurement Flashcards
What is the most up to date measurement guidance?
RICS Professional Standard: Property Measurement 2nd Edition (2018)
When was the RICS Professional Standard: Property Measurement 2nd Edition?
2018
Which asset classes does RICS Code of z
Measuring Practise (2015) provide the latest guidance for?
All asset classes except residential and offices
What is included in RiCS Professional Standard: a property Measurement (2018) but not the RICS code of measuring practise (2015)?
IPMS guidance for offices and residential
What is included in measurement reporting?
- Purpose of measurement
- Date of instruction & measurement
- Adopted measurement standard
- If IPMS not used, document why
- Measurement method
- Scale of any plans
- Name of RICS member
What is the idea behind IPMS?
Aimed to increase consistency and transparency in measurement
When was IPMS for office published and incorporated
Published - 2014
Incorporated - 2015
When was IPMS for residential published and incorporated?
Published 2016
Incorporated 2018
Have IPMS for industrial and retail been published?
Yes, but not yet incorporated
When was IPMS: All Buildings published
2023
What does IPMS 1, 2, and 3 relate to for offices?
1 - for planning and construction (GEA)
2 - for valuation or agency purposes (GIA)
3 - for agency or valuation purposes (NIA)
What is included by stated separately in IPMS 1 for offices?
Balconies, terraces, covered galleries
What is excluded in IPMS 1 for offices?
Open external stairwell, patios, external parking