Measurement Level 1 Flashcards
What are the salient points of the RICS Code of Measuring Practice 2015?
Details the difference between GEA, GIA and NIA
1. Gross External Area – Town Planning, council tax, building cost estimates (resi)
2. GIA – Estate agency, rating, building cost estimation (commercial), valuation – industrial, retail warehouses, food stores and new homes (2-3% discount from GEA)
3. NIA – as above but for shops and offices (15% discount from GIA)
What is the RICS Code of Measuring Practice 2015?
- It is still the best practice document for all measurement exercises except for offices and residential properties.
- Ensures a consistent approach to measurement
What is included in Gross External Area?
Included:
- Perimeter wall thickness
- Internal walls
- Columns/pillars
- Lift wells
- Plant rooms
What is excluded in Gross External Area?
Excluded:
- Open balconies
- Headroom less than 1.5m in height
What is included in Gross Internal Area (for industrial/retail warehouses)
- Columns
- Lift wells
- Mezzanines with permanent access
- Loading bays
- Service areas eg WCs
What is excluded in Gross Internal Area (for industrial/retail warehouses)
- Canopies
- Fire escapes
- Covered ways
What is included in Net Internal Area for offices?
- Useable space
- Kitchens
- Built in cupboards
- National lift lobbies
- Offices
What is excluded in Net Internal Area for offices?
- WCs
- Plant and lift room
- Stairwells
- Columns
- Internal structural walls
What is the purpose of the Property Measurement 2nd Edition (2018)?
To establish consistencies in property measurement and to be adopted by the industry on a global basis
As per the Property Measurement 2018 guidance, what are the mandatory measurement report requirements?
- Purpose of measurement report
- Measurement date
- Measurement methodology
- If not IMPS- Why?
- Equipment used
- Reference and scale of plans used
- State conversion factor imperial/ metric
- Retain record of RICS member responsible
- IMPS mandatory and members to advise clients
What are the benefits of IPMS?
- Facilitates international property trade
- Consistent language for property
- Transparency
- Benchmarking
- Consistency and Creditability in the method
What does IPMS stand for?
International Property Measurement Standards
What are the limitations of IPMS?
- Difficulty comparing offices measured on different bases
- Clients lack of understanding
- Understanding how to apply new guidance
How do you calibrate your laser measure?
- Check the accuracy against a known distance and the results are recorded in a log.
- Should be calibrated annually by manufacturers.
IPMS 1 Office
Similar to GEA.
Areas of each floor level of a building measured to the outer perimeter of external construction features
IMPS 2 Office
Office similar to GIA.
Sum of the areas of each floor level of a building measured to the Internal Dominant Face
IMPS 3 Office
Office similar to NIA.
Floor Area available on an exclusive basis to an occupier but excluding Standard Facilities and shared circulation areas, calculated on an occupier-by-occupier or floor by floor basis.
What would you do if you did not have a laser measure?
Use the plans and a scale ruler
How would you measure a retail unit and what guidance would you follow?
NIA basis (Zone for a valuation measurement)
(RICS Code of Measuring Practice 2015)
What guidance would you follow for measuring an office unit?
IMPS: Office buildings
- IPMS 1: Offices – for planning or building cost purposes (GEA)
- IMPS 2: Offices – for agency and valuation purposes (GIA)
- IMPS 3: Offices – also for agency and valuation purposes (NIA)
What guidance would you follow for measuring an industrial unit?
RICS Code of Measuring Practice 2015
- NIA
- GIA
- GEA
What guidance would you follow for measuring a resi/student unit?
IPMS: Residential Buildings
When did IMPS for residential come into effect?
May 2018
What is IPMS Residential 1 and 2?
- IPMS 1 External
- IPMS 2 Residential (internal) – the interior of the building