Measurement Flashcards
What is the main document for measurements?
RICS Professional Statement: RICS Property Measurement (2018)
What did RICS introduce to avoid inconsistencies between countries?
Introduced International Property Measurement Standards
What does IPMS 1 include?
Area of building including external walls on a floor by floor basis
- Included but stated separately: Covered galleries, balconies, generally accessible roof terraces
- Exclusions: Upper voids, open external stairways, external areas
What are some principles for measuring property?
- State date taken, methodology and conversion factor
- Measurements and calculations clearly documented
- Advice clients on benefits of IPMS and reasons if not used (Mandatory for residential and office space)
What does IPMS 2 include?
Measured to the internal dominant face on floor by floor basis, all areas available for direct use
- Included but stated separately: Covered galleries, balconies, generally accessible roof terraces
- Exclusions: Upper voids, open external stairways, external areas, refuse area
What is a Internal Dominant Face?
Inside finished surface comprising more than 50% of floor to ceiling height
What does IPMS 3 measure?
Measures the occupation of floor areas in exclusive use (same as IPMS2 for IDF), excludes shared facilities like stairs, lifts, WCs, plant rooms
- Included but stated separately: Covered galleries, balconies, generally accessible roof terraces
What are the differences between IPMS 3 and NIA?
- Measure to internal dominant face (IDF)
- No exclusions for areas less than 1.5m
- All columns included
- Covered galleries and balconies & roof terraces = included but noted separately
- Middle of party walls between exclusive areas
What document is yet to be adopted for all buildings and is aimed to replace the RICS Property Measurement 2018?
IPMS All Buildings 2023 - aims to establish consistent methodology for measuring all types of buildings globally
What document sets out the best practice for measurement of warehouses etc?
RICS Code of Measuring Practice 2015
When may GEA be used?
Used for Town Planning, council tax
When may GIA be used?
Industrial & Retail Warehouse - Used for Estate agency, rating, building cost estimation (commercial), valuations
What is the approximately discount from GEA to GIA?
2-3% deduction
When may NIA be used?
Shops - Used for Estate agency, rating, building cost estimation (commercial), valuations
What is the approximately discount from GIA to NIA?
15% deduction