Measurement Final Flashcards
What is RICS key guidance?
RICS Professional Standard: RICS Property Measurement (2nd Ed, 2018)
What did the key guidance switch from a statement to a standard?
June 2024
What does the RICS Professional Standard: RICS Property Measurement (2nd Ed, 2018) set out?
The principle is to provide an understanding of the application of the professional standard and technical definition. It also incorporates aspects of IPMS.
Which IPMS does it include?
Residential and Office
How is the RICS guidance split?
- Professional Standard: Property Measurement
- Applying IPMS under the Professional Standard - RICS IPMS Data Standard
- IPMS Office Buildings
- IPMS Residential Buildings
What are general principles of measurement and calculation under the RICS Professional Standard?
- Purpose of instruction
- Date of instruction
- Date of measurement
- Standard adopted
- Reason for departure from IPMS
- Methodology adopted (laser / tape measure)
- Scale of plans used
- Floor area schedule
- Unit of measurement and conversion factor
- Name of surveyor / firm
What are RICS members expected to advise their clients?
The benefits of using IPMS
What is the principle of IPMS?
Aim is to avoid inconsistent definitions of measurement in different countries and to bring greater global transparency
What is IPMS made up of?
Professional firms and not-for profit organisations
When was IPMS Office first published?
2014
Incorporated into RICS in 2015
When was IPMS Resi first published?
2016
Incorporated into RICS in 2018
When were industrial and retail published?
2018 and 2019
Not incorporated yet
Superseded by All Buildings
When was IPMS all buildings published?
2023
Not incorporated into RICS yet
What should RICS members use?
RICS Professional Standard: Property Measurement (2nd Ed, 2018) is still most up to date RICS Guidance. It applied to all assets and includes IPMS office and resi.
The COMP 2015 applies to retail and industrial.
Office and Resi - Property Meas (2018) & IPMS Office (same things)
Retail and Industrial - COMP 2015
What are common facilities?
What is a common facility?
What is a component area?
What is a finished surface?
What is an internal dominant face?
What is an IDF wall section?