International Property Measurement Standard
With many property portfolios having an international platform it is important to have a standard of measurement to reflect this.
The International Property Measurement Coalition have developed a true international standard which launched in January 2016 with the support of the RICS (Royal Institution of Chartered Surveyors) in the UK.
The new standard will enable the consistent measurement of assets in the global environment we operate in today’s market.
In the immediate IPMS will not replace the existing UK standard of CoMP (RICS Code of Measuring Practice) however for future events, such as new agreements, rent reviews or when buying and selling, IPMS will be the new standard of reporting for valuation.
The new standards recommends that all IMPS measurements are to be produced with a supporting CAD drawing or BIM data. Cloud 10 are able to provide Report, Plan and Model data appropriately to the nature of your specific project or portfolio.