International Property Measurement Standards
The International Property Measurement Standards Coalition (IPMSC) is a group of more than 80 professional and not-for-profit organisations working to develop international standards for measuring property. It was formed during a meeting at the World Bank in Washington in May 2013.
On 26 September 2016, the coalition published the International Property Measurement Standards (IPMS): Residential Buildings, the second in a series of global, open-source standards, the first being the International Property Measurement Standards (IPMS): Office Buildings, published in November 2014.
The coalition intends to develop additional standards for industrial buildings and retail buildings. Other classes of property may also benefit from the development of standards, such as schools, hospitals, hotels and student accommodation.
The standards are intended to establish a consistent approach to measuring buildings, particularly important given the growth of cross-border property investment and the expansion of global corporations.
Research by JLL has revealed that measurement of a property’s floor area can vary by as much as 24% depending on the method used. Some methods include lift shafts and communal hallways, others include off-site parking or swimming pools, and so on. The creation of International Property Measurement Standards helps establish a more transparent marketplace, resulting in stronger investor confidence.
[edit] Related articles on Designing Buildings Wiki
- Area.
- Beneficial occupation.
- BOMA International.
- Case notes for rating valuation (Garton V Hunter).
- Choice of method for rating valuation.
- Contractor’s basis for rating valuation.
- Conversion of material volumes.
- Gross external area.
- Gross internal area.
- Measurement.
- Metric system.
- Net internal area.
- Occupant capacity of a building or space.
- Profits method of rating valuation.
- Rating valuation.
- Rental method of rating valuation.
- Statutory formulae for rating valuation.
- Total useful floor area.
- Units.
Featured articles and news
The principles and art of the possible. Book review.
From horse and cart to hypermarket.
Interdependent and interconnected
How elements and processes work together in a systems approach.
Quality Management in Construction
CIOB offers digital guide to proactive methods of working.
Looking ahead to career advancement
Tech will drive professional development in fields tied to infrastructure.
Gereja Ayam (aka the Chicken Church)
The idea for the structure emerged from the architect's dream.
Making adjustments to flues and chimneys
Changing air tightness requirements prompt testing and revisions.
Government takes steps to revise building safety legislation.
Biocement building blocks from bacteria
Product can be 'grown' into bricks or used as a self-healing building material.
CLC offers guidance on contract claims and disputes
Anticipating COVID-19's continuing construction disruptions.
Availability payment arrangements involve project performance.
EU responds to COVID-19 with NextGenerationEU plan.