The Australian Property Institute has released a Technical Information Paper “Methods of Measurement”. The document embraces the International Property Measurement Standards. The following hyperlink is to the document.
The 20 founding members of the International Property Measurement Standards Coalition included the Australian Property Institute, Property Council of Australia, Royal Institution of Chartered Surveyors, BOMA International and Asia Pacific Real Estate Association. The coalition is now 84 members strong. Members are all not for profit membership based organisations with a public interest mandate and focused on property. The Coalition was formed at a meeting at the World Bank in May 2013.
IPMS Office Buildings has already been translated into 12 different languages, and translation is starting for IPMS Residential Buildings which was released earlier this year.
In late October Namzamo Radebe, the current president and Neil Gopal, the CEO of the South African Property Owners Association hosted the Standard Setting Committee (SSC) to a 6 day meeting of intense debate working on IPMS Industrial Buildings and IPMS Retail Buildings. The meeting commenced with the Chair Mr Max Crofts welcoming two new members of the SSC Mr Andrey Lukashev from Moscow and Mr Alex Leung from HongKong to the committee. Max also acknowledged a third new member Mr Claudio Bernardes from Brazil who was unable to attend in person. Claudio along with other Committee members unable to attend in person were in regular telephone attendance.
Taking into consideration the responses to the Consultation Draft of IPMS Industrial Buildings the SSC made significant improvements to the draft and an Exposure Draft can be expected to issue by the Coalition in the near future. The draft of IPMS Retail Buildings has been significantly advanced and although more work is needed on the document it will be issued as a Consultation Draft in the foreseeable future.
The importance in having a Global Standard for measuring buildings is clearly demonstrated by the wide divergence as to how measurements are viewed by the Members of the SSC. The mandate of the SSC is that every aspect must have 100% agreement before it is incorporated into the standards. Even then, the responses to the Exposure and Consultation Drafts demonstrate an even greater range of opinion.
Allen J Crawford FAPI FRICS
Vice Chair - IPMS SSC