Measurement L2 Flashcards
What are the key RICS documents regarding measurement?
RICS Code of Measuring Practice, 6th Edition 2015
RICS Property Measurement, 2nd Edition 2018
When was the RICS Professional Statement, RICS Property Measurement 2nd Edition (2018) effective from?
1st May 2018
What is GEA?
The area of a building measured externally at each floor level
What is GIA?
The area of a building measured to the internal face of the perimeter walls at each floor level
What is NIA?
The useable area of a building, measured to the internal face of the perimeter walls at each floor level
What is IPMS?
International property measurement standards
What are the benefits of IPMS?
Worldwide consistency
Increased transparency of measurement data
Facilitates international trade in property
Easier portfolio benchmarking
What is a component area in IPMS?
One of the main elements into which the floor area of a building can be divided
What are the component areas in IPMS?
Component areas A, B1, B2, B3, C, D, E, F, G and H
If a component area is a multifunctional use, what should it be stated as?
State according to principle use
What properties does IPMS currently apply to?
Offices and residential
What is dual reporting?
Report in terms of IPMS and another basis
When should dual reporting be adopted?
When there is not enough comparable evidence recorded using the same basis, so the client requests a standard other than IPMS
What is the benefit of dual reporting?
Facilitates comparative analysis both locally and globally
What is IPMS 1?
The sum of the areas of each floor level of a building measured to the outer perimeter of external construction features, and reported on a floor by floor basis
Universal standard that applies to all building classes
In IPMS 1, what measurements are included but stated separately?
Internal balconies
External balconies
Accessible rooftop terraces
What areas are excluded in IPMS 1?
Open light wells
Open external stairways
Patios
External car parking
Why has RICS made changes from Code of Measuring Practice to Property Measurement?
To provide a globally consistent measurement practice
What is the difference between IPMS 1 and GEA?
Internal balconies are included in GEA, and included but stated separately in IPMS 1
External balconies are excluded in GEA, and included but stated separately in IPMS 1
Accessible rooftops are excluded in GEA, and included but stated separately in IPMS 1
What is IPMS 2?
The sum of the area of each floor level of a building measured to the internal dominant face, and reported on a component by component basis for each floor of a building
In IPMS 2, what measurements are included but stated separately?
Internal balconies
External balconies
Accessible rooftop terraces
What areas are excluded in IPMS 2?
Open light wells
Open external stairways
Patios
External car parking
What is the difference between IPMS 2 and GIA?
Internal balconies are included/excluded in GIA, and included but stated separately in IPMS 2
External balconies are excluded from GIA, and included but stated separately in IPMS 2
Accessible rooftops are excluded in GIA, and included but stated separately in IPMS 2
Areas occupied by the reveals of windows when measured as the internal dominant face, are excluded in GIA and included in IPMS 2
What is IPMS 3?
The floor area available on an exclusive basis to an occupier, excluding standard facilities, calculated on an occupier-by-occupier basis for a building
What are standard facilities?
The areas of a building that provide shared facilities and typically do not change over time EG stairs, lifts, toilets, cleaners cupboards, plant rooms
What is included in IPMS 3?
Internal walls and columns
Floor area taken to internal dominant face
Where there is adjacent common wall, it is measured to centre line
In IPMS 3, what measurements are included but stated separately?
Internal balconies
External balconies
Accessible rooftop terrace
Areas under 1.5m
What areas are excluded in IPMS 3?
Standard facilities
What is the difference between IPMS 3 and NIA?
Internal walls and columns are excluded in NIA, and included for IPMS 3
Common walls with adjacent occupier are measured to internal face in NIA, and centre line with IPMS 3
Areas under 1.5m are excluded in NIA, and included but stated separately with IPMS 3
Enclosed walkways or passages excluded from NIA, but included in IPMS 3
To what IPMS does GEA most closely relate to?
IPMS 1
To what IPMS does GIA most closely relate to?
IPMS 2
To what IPMS does NIA most closely relate to?
IPMS 3