Measurement Summaries (Tech) Flashcards

1
Q

What are key RICS documents regarding measurement?

A

RICS Property Measurement 2nd Edition 2018

RICS Code of Measuring Practice 6th Edition 2015

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2
Q

When was RICS Professional Statement 2nd Edition 2018 effective from?

A

1 May 2018

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3
Q

NIA

A

Net Internal Area

The useable area of a building measured to the internal dominant face of the perimeter wall at each floor level

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4
Q

IPMS

A

International Property Measurement Standards

Published by International Property Measurement Standards Coalition 15 Jan 2023

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5
Q

Benefits of IPMS?

A

worldwide consistency

increased transparency

easier portfolio benchmarking

facilitates international trade in property

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6
Q

Component Area in IPMS

A

One of the main elements into which the floor area can be divided

There’s A, B1, B2, B3, C, D, E, F, G, H

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7
Q

What properties does IPMS currently apply to?

A

All buildings, regardless of their use or occupation

Used to be Offices and Residential as per Property Management 2018 but this needs updating

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8
Q

Dual Reporting

A

Reporting in terms of IPMS and another basis

Can only do this with good reason, EG all comparable evidence is NIA/GIA/GEA so need to compare like with like

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9
Q

When should dual reporting be adopted

A

When there is not enough comparable evidence using the same basis, so the client requests another standard is used as well

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10
Q

Benefit of dual reporting?

A

Facilitates comparative analysis both locally and globally

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11
Q

Why did RICS change from Code of Measuring to Property Measurement?

A

Provides a globally consistent measurement practice

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12
Q

IPMS 3

A

The Floor Area available on an exclusive basis to an occupier, but excluding Standard Facilities, and calculated on an occupier-by- occupier basis

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13
Q

Standard Facilities

A

Areas of a building that provide shared facilities and typically do not change over time

EG stairs, lifts, toilets, cleaner cupboards, plant rooms

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14
Q

What is included in IPMS 3?

A

internal walls and columns
half the common wall as measured to centre line when there is adjacent wall

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15
Q

What measurements are included but stated separately in IPMS 3?

A

internal balconies
accessible rooftop terraces
areas under 1.5m

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16
Q

what areas are excluded in IPMS 3?

A

Standard facilities

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17
Q

Difference between IPMS 3 and NIA?

A

internal walls and columns are excluded NIA, and included IPMS 3

common walls measured to dominant face in NIA, and to centre line in IPMS 3

enclosed walkways/passages excluded NIA and included IPMS 3

18
Q

Limited Use Areas

A

certain areas in building that cannot be legally or effectively occupied due to legislation
vary between markets
not specified by RICS but examples include limited light / restricted height

19
Q

Internal dominant face

A

Inside finished surface of a wall comprising of 50% floor to ceiling height

20
Q

What does NIA include?

A

atria and entrance halls
kitchens
areas with ventilation / heating grills
areas occupied by skirting / perimeter trimming

21
Q

What does NIA exclude?

A

perimeter wall thickness
external projections
external balconies
external car parking
external stairs
areas under 1.5m
lift rooms, plant rooms, toilets, cleaner cupboards

22
Q

What is NIA used for?

A

rating
property management
estate agency and valuation for shops, supermarkets and business use

23
Q

Main reasons for property measurement

A

valuation
purchase and sale
leasing and letting
RCAs
business rates
property management

24
Q

Retail Area?

Storage area?

A

The NIA of a shop

area not part of retail area as only used for storage

25
Ancillary Area
area capable of beneficial use but not included as retail area or storage area EG cleaners room
26
Gross Frontage
external measurement in a straight line across the front of the building
27
Net Frontage
external measurement in a straight line between internal faces of external walls
28
Why is accurate measurement so important?
market value determined by floor areas 3rd parties rely on floor area to make financial decisions helps create transparent property market
29
Equipment for Measurement
laser measurer trundle wheel measuring tape ruler digital mapping knitting needle / kebab stick
30
What information must be kept on file and included in the measurement report?
use of building (or part that is being measured if mixed use) IPMS standard (1/2/3.1/3.2/4.1/4.2) methodology tools used unit date scale of any plans used floor area whether measurement has been validated on site (new to IPMS All) name of RICS member who measured
31
What must RICS members/firms consider when evaluating the level of accuracy that is achievable and acceptable?
purpose client requirements and expectations building conditions ramifications if insufficient
32
What unit of measurement does RICS prescribe?
None Members should adopt metric (U.K.) but imperial units can be used as well
33
Appropriate tolerance when measuring?
depends what is being measured depends on site conditions and circumstances +/- 1% to 10% small, easy room has less tolerance large, outdoor car park has more
34
Would you zone a restaurant or measure it on overall basis?
Depends on comparables Overall - assumes front and back of restaurant are equally valuable Zone - first 6.10m/20ft more valuable
35
Principles of measurement
fair and reasonable representation of area (cannot be tweaked) capable of being measured objectively verifiable all measurements except height taken horizontally clearly documented (IPMS standard used, method, tools, unit and date) Note: state how measurement was taken EG Pro Map software, hand drawings, laser in person
36
What determines the type of measurement?
The purpose (not the building type)
37
Property Measurement 2018
Professional Statement: Aim and Scope of Standards IPMS: Office and Residential
38
Code of Measuring Practice 6th Edition 2015
defines GEA, GIA and NIA provides worked examples intended for U.K. use only
39
Are you permitted to depart from IPMS?
Yes, if agreed with client if all comparable evidence is in GEA/GIA/NIA
40
Convert Sq Ft to Sq M
divide 1 Sq Ft by 10.764
41
Talk me through how you measured Templars Square Units for validating SC?
42
Talk me through how you undertook measurement for Victoria Street (Exclusive possession) IPMS 3?