RICS Professional Statement: RICS Property Measurement (1st edition) May 2015 Flashcards
What is the purpose of the RICS Professional Statement relating to Measurement?
To avoid current inconsistent definitions.
Global transparency.
When did the Professional Standard come into effect?
1st January 2016
What is office measurement based on?
IPMS Office Buildings.
Where are references to the measurement of offices explained?
RICS Code of Measuring Practice
What are the mandatory requirements when measuring office buildings?
- Date of measurements
- Measuring methodology adopted
- Reference and scale of any plans used.
- Conversion factor and any rounding stated.
- Clearly document measurements/calculations.
- Retain a record of the RICS member responsible to certify the above.
What is IPMS 1 used for?
For planning or building costs purposes (GEA)
What is IPMS 2 used for?
For agency and valuation purposes (GIA)
What is IMPS 3 used for?
Also for agency and valuation purposes (NIA)
Which IPMS is used for measuring the area of a building including external walls on a floor by floor basis?
IPMS 1
What measurements are included but stated separately in IPMS 1?
Covered galleries
Balconies
Generally accessible roof terraces
What exclusions are there to IMPS 1?
Upper void levels of an atrium
Open external stairwells
Patios, refuse areas, external parking
Which IPMS is used for measuring the interior of an office to include all areas available for direct use, measured to the internal dominant face of the wall on a floor by floor basis in component areas?
IPMS 2
What measurements are included in IPMS 2 but stated separately?
Covered galleries
Balconies
Generally accessible roof terraces
What areas are excluded from IPMS 2?
Open light wells
Upper levels of an atrium
Patios at ground floor level
Refuse areas
External parking
Equipement yards
Cooling equipment
What is the internal dominant face?
The inside finished surface comprising 50% or more of the surface area for each vertical section forming an internal perimeter (i.e. wall).