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IPMS (International Property Measurement Standard)
Measured Changes
Effective from the 1st May 2018, the RICS Property Measurement 2nd Edition mandates the way both office and residential space is to be measured. It incorporates the next in the suite of International Property Measurement Standards: Residential Buildings, as well as the IPMS: Office Buildings published in November 2014.
This means the Code of Measuring Practice, 6th Edition (COMP), is no longer the standard default for both of these property types.
Plowman Craven assisted RICS throughout the process of publication and has considerable knowledge on its content and application.
Want to learn more about IPMS?
Want to learn more about IPMS, then arrange a no obligation meeting or group presentation by one of our RICS accredited area referencing experts. Please complete your details and we’ll be in touch.
What’s the difference?
Incorporating IPMS within the new RICS code immediately introduces concepts, such as Internal Dominant Face (IDF) and limited use areas, which have a considerable effect on how usable areas are reported.
New terminology and considerations have been introduced, so if you would like to know more then please contact us to arrange a presentation by one of our RICS accredited area referencing experts.
The benefits of IPMS:
- Increased transparency of property data
- Consistent language for the property world
- Reduces risk, facilitating international trade in property
- Easier property portfolio benchmarking
- Greater credibility for valuation professionals world-wide (www.ipmsc.org)
How Can We Help?
Let’s discuss your requirements and see how our expertise in IPMS (International Property Measurement Standard) can help on your next project.
Plowman Craven has 60 years’ experience providing integrated measurement and consultancy services to the property and infrastructure markets.
