The International Property Measurement Standard (IPMS)
As the real estate industry becomes increasingly global in nature, the need for international consistency in something as fundamental as property measurement becomes ever more apparent.
Traditionally, building measurement practices are highly localised and do not, therefore, offer the transparency and consistency required of a global marketplace.
This is the challenge that led to the International Property Measurement Standard being developed
Published by a Coalition of 88 property organisations representing hundreds of thousands of property professionals globally and drafted by an independent group of 18 experts from 11 countries, the International Property Measurement Standard is a global open-source standard aimed at creating a uniform approach to measuring buildings.
IPMS All Buildings provides the foundation for incorporation into and adoption of building measurement conventions in global jurisdictions. It facilitates the interface between the major differences in the historic conventions of those many global jurisdictions.