Podcast
Questions and Answers
What does IPMS aim to establish?
What does IPMS aim to establish?
- A consistent methodology for measuring all types of buildings globally (correct)
- A uniform code for financial management
- A regulatory framework for urban planning
- A new standard for building designs
The RICS Property Measurement 2018 will remain relevant even after the adoption of IPMS All Buildings.
The RICS Property Measurement 2018 will remain relevant even after the adoption of IPMS All Buildings.
False (B)
What is the primary focus of the RICS Code of Measuring Practice (COMP)?
What is the primary focus of the RICS Code of Measuring Practice (COMP)?
To provide a common and consistent approach to measurement for all asset classes except Offices & Resi.
IPMS 3 2 refers to __________ exclusive use.
IPMS 3 2 refers to __________ exclusive use.
Which of the following measurements typically involves a deduction from GEA by about 2-3%?
Which of the following measurements typically involves a deduction from GEA by about 2-3%?
Match the following measurement terms with their descriptions:
Match the following measurement terms with their descriptions:
What does GEA stand for, and what does it represent?
What does GEA stand for, and what does it represent?
IPMS has not yet been incorporated into RICS Guidance as of October 2024.
IPMS has not yet been incorporated into RICS Guidance as of October 2024.
What does the RICS property measurement consist of?
What does the RICS property measurement consist of?
The IPMS came into effect on 01 January 2018.
The IPMS came into effect on 01 January 2018.
What is the purpose of IPMS 2 in residential buildings?
What is the purpose of IPMS 2 in residential buildings?
IPMS 3A measures to the outer face of the __________ wall and the center line of shared walls.
IPMS 3A measures to the outer face of the __________ wall and the center line of shared walls.
Which of the following is true regarding the general principles of measurement in RICS Professional Standard?
Which of the following is true regarding the general principles of measurement in RICS Professional Standard?
What must RICS members provide if they do not use IPMS?
What must RICS members provide if they do not use IPMS?
Match the following IPMS types with their descriptions:
Match the following IPMS types with their descriptions:
What is the primary purpose of using IPMS standards?
What is the primary purpose of using IPMS standards?
IPMS allows for comparisons and reduces misinterpretations in building size measurement.
IPMS allows for comparisons and reduces misinterpretations in building size measurement.
The term __________ refers to the measurement of usable floor area excluding walls and columns.
The term __________ refers to the measurement of usable floor area excluding walls and columns.
Study Notes
RICS Property Measurement
- Composed of two elements:
- Professional standard property measurement -Â RICS IPMS Data Standard
Professional Standard
- Â Includes:
- Technical definitions -Â IPMS Office buildings -Â IPMS Residential buildings -Â Application of the Professional Standard
RICS IPMS Data Standard
- Â Reflects IPMS Standards (Office and Resi).
- Â Updated to comply with other IPMS Standards.
- Â For all building classes (excluding office and resi), the bases of measurement in the RICS Code of Measuring Practice (6th Ed.) 2015 ("COMP") may apply.
IPMS
- Stands for International Property Measurement Standards.
- Multiple sub-areas: -Â IPMS 1 - External perimeter. -Â IPMS 2 - Internal floor area and internal and external walls. -Â IPMS 3 - Residential (occupier). -Â IPMS 3A - Measured to outer face of external wall and centre line of shared walls. -Â IPMS 3B - Measured to internal dominant face and finished surface. -Â IPMS 3C - Measured to internal dominant face and finished surface.
General IPMS Terms
- Â Internal Dominant Face (IDF)
- Â Common Facilities
- Â IDF Wall Section
- Â Component Area
- Â Finished Surface
- Â Useable Floor Area
RICS Professional Standard
- Â All members must comply with and retain the following information: -Â Purpose of measurement instruction. -Â Date of measurement instruction. -Â Date of measurement. -Â Measurement standard adopted. -Â Reason for departure if IPMS not used. -Â Measurement methodology adopted. -Â Scale of plans used. -Â Floor area schedule. -Â Unit of measurement and conversion factor. -Â Measurements and calculations must be clearly documented. -Â Retain record of RICS member responsible. -Â Advise client on benefits of using IPMS.
IPMS: All Buildings
- Â Will supersede all previous IPMS standards.
- Â Aims to establish a consistent methodology for measuring all types of buildings globally.
- Â Harmonizes all building classes.
- Â Envisaged that current RICS Property Measurement 2018 will no longer be relevant once adopted.
- Â Sets out definitions and diagrams for different IPMS sub-areas, including IPMS 1 through IPMS 4.
RICS Code of Measuring Practice (6th Ed.) 2015 ("COMP")
- Â Still the best practice document for all asset classes except offices and resi.
- Â Provides precise definitions to ensure consistent approach.
Bases of Measurement
- Â Examples include: -Â Gross External Area (GEA) -Â Gross Internal Area (GIA) -Â Net Internal Area (NIA)
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Description
Test your knowledge of the RICS Property Measurement standards, which include the Professional Standard and the RICS IPMS Data Standard. This quiz covers key definitions and applications for both office and residential buildings under the International Property Measurement Standards (IPMS).
