Measurement 20.09.23 Flashcards
MEASURING
What is the RICS professional statement for measurement
RICS Property Measurement 2nd Edition 2018, incorporating IPMS
MEASURING
What is IPMS
International Property Measurement Standards
Global RICS led initiative which introduced IMPS standards and practices to avoid inconsistent definitions of measurement in different countries and bring greater global transparency
MEASURING
What are RICS intentions/ goals with IPMS
That it will become a global practice
MEASURING
When is IPMS mandatory
Mandatory for RICS members undertaking measurments of offices and resi
Members must state measurement, methodology, plans, metric, rounding and degree of tolerance
MEASURING
IPMS- what are members encouraged to do
Report on a dual basis
Advise clients on benefits of IPMS
MEASURING
What is the basis for measuring retail warehouses/industrial
and what is the definition
GIA = area of building measured to internal face of perimeter walls
MEASURING
What is the RICS Code of Measuring Practice and what year
- Provides precise definitions to ensure consistent approach to measurement
ZONING IS A METHOD OF VALUATION ANALYSIS
What is a method of valuation of retail premises?
Zoning
Internal zoned areas – ABC and remainder. 6.1m depths.
A= 6.1 * width
6.1 * width / 2
6.1 * width / 4
6.1 * width / 4
When is NIA used
Valuation and marketing of shops and offices
+service charge calculation
What is included in NIA
Kitchens, built in cupboards
What is excluded in NIA
Toilets
Internal structure walls
Lifts
Stairwells
How would you measure a retail warehouse
I’d measure GIA
Whats included when measuring the GIA
Everything
How are small high street units measured
Zoned
How are larger high street units measured
GIA
Like lidl
How would you zone a bank
Value as you de-value
(look at comps)
