Document Downloads: RICS professional guidance
The following documents are available for download. Documents in PDF format can be read using Adobe Reader.
Agricultural Tenancies Act 1995
This supplementary guidance note complements and updates the guidance note on the 1995 Agricultural Tenancies Act and should be read in conjunction with it. It deals with subsequent developments following the introduction of the Act and responds to the wealth of useful information and practical advice received by the RICS in response to the original guidance.
Appointing a Quantity Surveyor in Scotland
This guide is designed specifically for clients and professionals in Scotland. It provides information on appointing a consultant in Scotland for both the private and public sectors. It contains: a form of agreement with terms of appointment; a form of enquiry; a schedule of service; and a guide to the fee offer.
Asbestos and its implications for surveyors and their clients
3rd edition, guidance note Failure to understand or communicate the risks arising from exposure to asbestos can have potentially life-threatening consequences. As such, asbestos-related matters are of major significance to surveyors and their clients. In addition, for those who are likely to encounter, or supervise others who might encounter, asbestos in their work activities, training in 'asbestos awareness' is a mandatory legal requirement. The 3rd edition of this guidance note is intended to give its readers a balanced and pragmatic appreciation of the general issues surrounding asbestos, with particular regard to its use in buildings and structures. Designed primarily as a starting point in the subject, this guidance note addresses the latest legislation and includes details of how this affects the role and responsibilities of surveyors in the many and varied services that they provide. The status of asbestos as anathema in the insurance industry is also considered. The guidance has a strongly practical focus, including fully revised and expanded appendices, in order to help readers understand the dangers to health and business, comply with and advise clients on the regulations, protect their PI insurance and carry out the preparation and implementation of an effective asbestos management plan. It also explains the process of appointing asbestos surveyors to conduct asbestos surveys, asbestos contractors to carry out asbestos removal or management works and consultants to monitor such works.
Auctioneers selling real estate
This sixth edition includes the following revisions and new features: the Real Estate Agency Code, guidance on use of the internet, selected case law summaries and guidance in respect of EPCs, which has been expanded to cover revised legislation. The sixth edition focuses on England and Wales.
Building surveys and technical due diligence of commercial property
This guidance note has been prepared to provide surveyors and clients with a source of information and guidance in respect of commercial and industrial property surveys. Such surveys may also include large residential apartment buildings. This guidance is written to apply to England and Wales, although much of its content is equally applicable elsewhere. It is operative from October 2010 from which time the RICS publication Building surveys and inspections of commercial and industrial property, 3rd edition, ceases to be RICS guidance. General guidance of this nature cannot cover all circumstances and each property should be assessed on an individual basis having regard to the specific needs of the client. The guidance offered is considered adaptable for all types of commercial and industrial property. It is accepted that surveyors may well have good reasons for not following all aspects of this guidance note. It is for the surveyor to decide upon such issues depending on the individual circumstances, e.g. nature of construction or site conditions.
Surveys of residential property
This guidance note provides a clear, flexible framework for practitioners to develop their own services the public can trust, consistent with the quality standards expected from RICS members.
Calculation of fees relating to the exercise of statutory powers in connection with land and property
This guidance note offers guidance on the choice of an appropriate charge to be paid by an acquiring authority as compensation to a claimant in a compulsory purchase. It also offers advice on dispute resolution.
Surveyors acting as advocates
Surveyors can be requested by clients to act as advocates before a range of tribunals. The current edition, effective from 1 January 2009, is Surveyors acting as advocates (2nd edition guidance note; 1st edition combined practice statement and guidance note). The previous version (1st edition) of the RICS guidance note, entitled Chartered Surveyors Acting as Advocates, was in force until 31 December 2008. The practice statement sets out the core duties expected of the surveyor-advocate. The guidance note revises and updates the 1st edition GN and offers guidance on fundamental aspects of advocacy practice, such as: acceptance of instructions and terms of engagement; conduct as to statements of case and submissions; conduct as to evidence; conduct in relation to the tribunal; differences between the roles of expert witness and advocate; case preparation; hearings; opening the case; examination-in-chief, cross-examination and re-examination; summing up; and costs. A stand-alone electronic version of the practice statement (without the guidance note) is also available for potential use with clients in connection with the particular requirement of PS 3.4 (a).
Checklist for the Structural Survey of Period Timber-Framed Buildings
This practical publication is designed for use as a checklist when carrying out structural surveys of traditional timber-framed buildings. It provides a logical method of carrying out inspections so that no important points are overlooked. It is illustrated throughout with line drawings and can be used to help identify less familiar construction techniques and problems. The printed version of the checklist is highly durable for use on site.
Code of Measuring Practice
Long established and understood professional responsibilities to clients are matched by statutory obligations to users of property. It is a criminal offence for those involved in estate agency or property development business to give false or misleading information about specified aspects of land (which includes buildings) that are offered for sale. This sixth edition of the code provides succinct, precise definitions to permit the accurate measurement of buildings and land, the calculation of the sizes (areas and volumes) and the description or specification of land and buildings on a common and consistent basis.
ARCHIVED: Commercial Investment Property: Valuation Methods
This edition is out of print and is available on isurv for information purposes only.
Contamination, the environment and sustainability: Implications for chartered surveyors and their clients
3rd edition. The challenges presented by contaminated land and environmental issues, such as the flood risk caused by climate change, and the need to live in a more sustainable way mean that the demand for best advice has never been more important. Surveyors are uniquely placed to provide this advice to clients in all property sectors. This guidance note aims to support and guide the professional activities both of those who are already highly proficient in this area and also those who are less experienced.
Contracts (Rights of Third Parties) Act 1999
The Contracts (Rights of Third Parties) Act 1999 changes a basic principle of English law, namely that only parties to a contract can enforce rights under that contract - the 'privity of contract' rule. This RICS information paper clarifies some of the issues that have come to light as a result of this change.
The sixth edition of Dilapidations has the latest information required to undertake a successful schedule of dilapidations, including: instructions; constraints on surveyors; differing claims at the end of and during the term; type, layout and content of the schedule and problem areas; damages and other remedies; effective dialogue between parties; and resolving disputes.
Direct Professional Access to Barristers
This guidance note is no longer current nor in force. A new edition is to be prepared, to reflect the introduction of the regime of 'Licensed Access'. The guidance note is available for historic reference purposes from the RICS library. For more information contact the Dispute Resolution Faculty of RICS.
Environmental Impact Assessment
Environmental Impact Assessment (EIA) is a statutory tool for assessing the environmental impacts of development projects, and identifying measures that can be taken to reduce these impacts. EIA has been established in the UK since 1988, and has been made a statutory requirement for certain projects by the implementation of two key European Directives (Directive 85/337 The assessment of the effects of certain public and private projects on the environment and the subsequent Directive 97/11). This guidance note provides an overview of the EIA process and considers the potential role of RICS members. Chartered Surveyors should be conscious of the EIA process, either as an integrated part of the planning/permitting process or as a separate procedure, and of the detailed differences for example in the nature and scale of proposals subject to EIA.
E-tendering provides a framework where both clients and tenderers can reduce their costs, remove unnecessary administration and streamline the overall tendering process. This guidance note provides useful best practice information on e-tendering for anyone involved in the tendering and procurement process. Appendices include a glossary of terms, sample materials, checklists and where to find out further information regarding the implementation of e-tendering within your enterprise.
Farm Business Tenancy Agreement 2012
New legislation that modernises agricultural tenancies offers landlords and tenants more freedom to reach agreements to suit their own needs, while tenant farmers will also be able to boost their incomes by diversifying. The changes are the culmination of the work of the Tenancy Reform Industry Group (TRIG) and reflect the Group's recommendations to Government on the way forward on tenancy reform. RICS have updated the FBT suite to incorporate the TRIG reforms. Before using any of the Farm Business Tenancy Agreement forms, please read the terms and conditions and the relevant user notes. The user notes will be updated shortly to reflect the 2012 Farm Business Tenancy Agreements.
The term 'fixed plant' is widely used, especially in the context of accounting, taxation and rating. However, it is not easily defined and frequently means different things to different people. It is important to be clear about the distinction between plant, fixed plant, fixtures and chattels, as it has vital implications in property sales, leases, mortgages, taxation and rating. This information paper therefore provides advice on the effect of English law in this sometimes muddled area. It provides definitions and examples of the various terms.
Fire damage reinstatement
The repair of fire damage has much in common with other repair and maintenance works, but presents the surveyor with some particular problems. The form of damage is qualitatively different from that with which he may be familiar. This Information Paper is not intended to provide guidance and advice to surveyors on the manner in which repair works should be implemented. Rather, it highlights the peripheral matters which arise, and aspects which need to be given consideration over and above those matters which normally apply to building works. This information paper is out of print and is available on isurv for information purposes only. Any questions relating to its status and application should be addressed to the relevant faculty.
Flat roof coverings
This information paper provides information on the diagnosis, remedy and prevention of failures in a variety of existing flat roof weathering materials, both continuously supported roof coverings and rigid sheets. Reference is also made to the various features commonly encountered and their associated faults. The aim of this information paper is to provide the surveyor with a guide to the identification of a failure/defect in existing flat roof coverings and to assist with the correct diagnosis so that remedial action appropriate to the circumstances can be undertaken.
Reinstatement cost assessments of buildings
This publication is intended as a guide for surveyors who carry out reinstatement cost assessments of buildings. It provides detailed guidance on the manner in which it is recommended assessments be approached, the nature and extent of the information to be collated, and the manner in which this information be processed and the assessment calculated and submitted. By publishing this document, RICS aims to a) bring an element of uniformity into the approach to assessments; b) improve consistency and reduce the level of confusion; and c) demonstrate the level of professionalism that it is advisable be shown by chartered surveyors in carrying out such instructions. By adopting consistent methods for taking instructions, inspecting buildings, collating information and calculating and submitting assessments, surveyors should be able to carry out their assessments with speed, accuracy, efficiency and economy. Previous edition provided for information purposes only.
Guidelines for the use of GNSS in land surveying and mapping
This guidance note has been produced to provide surveyors and their clients with guidelines for the use of Global Navigation Satellite Systems (GNSS) in land surveying. The first edition of these guidelines referred to (Global Positioning Systems) GPS, which at the time was the only constellation in operation and available to surveyors. This edition uses the term GNSS throughout, to reflect the fact that there is now more than one satellite navigation system constellation available and that there are GNSS receivers on the market that can use data from multiple constellations. This document has been written primarily with two goals in mind: 1) to provide the surveyor with a set of practical operational guidelines, which can be used when undertaking any survey that includes GNSS techniques. Sufficient information is also included to allow the surveyor to generate a set of GNSS survey procedures applicable to a survey task required by the client 2) to provide the client, or purchaser of spatial information generated from a GNSS survey, with sufficient information to write a task specific specification for a GNSS survey which sets out the accuracy requirements, products and a scope of work, from which the surveyor can accurately produce a bid for the survey.
Handling Home Information Packs
This guidance note has been developed by a partnership including Asset Skills, the Association of Home Information Pack Providers (AHIPP), the National Association of Estate Agents (NAEA) and Royal Institution of Chartered Surveyors (RICS). The recommendations in it have been developed to reflect best practice and are not mandatory for either RICS or NAEA Members. The guidance note seeks to support the draft National Occupational Standards for handling HIPs being produced by Asset Skills to identify the relevant standards of competence for Estate agents and others handling HIPs on behalf of sellers. Please see also the addendum to this guidance note.
Handling Tenant's Applications for Approval to Alterations
A landlord (or more likely his managing agent) will be faced from time to time with a situation in which his tenant applies for consent to make alterations to the leased property. Sometimes it will be found on examination that no formal consent is required under the lease, that the works are de minimis or that the tenant is merely advising the landlord of his proposals as a matter of courtesy. In these cases a polite acknowledgement may be all that is needed. More frequently the tenant will require consent. The following notes have been prepared in the hope of smoothing the process which can cause considerable irritation and damage good landlord and tenant relations if not handled sensibly and promptly.
Party Wall Legislation and Procedure
This sixth edition provides advice to surveyors who accept instructions in circumstances where the Party Wall etc. Act 1996 may be relevant. It looks at circumstances where the Act will apply as well as the procedures to be followed where it does. It contains all the specimen forms and letters that are required in this area of work including the various notices, acknowledgements, draft award, etc.
This guidance note on planning enforcement is out of print and is available on isurv for information purposes only. Any questions relating to its status and application should be addressed to the relevant faculty.
This guidance note on the making of planning applications is out of print and is available on isurv for information purposes only. Any questions relating to its status and application should be addressed to the relevant faculty.
Practice Management Guidelines
The Practice Management guidance note (3rd edition) is an essential read for all partners in small to medium practices. This handy guidance note will assist you do the most important thing well - manage your practice. Focusing on key business and management issues, it will give you the practical tools and techniques that you can easily apply in the day-to-day running of your business.
Principles of Measurement (International) for Works of Construction
A set of principles of measurement is essential to reduce widely varying practices and consequent disputes. Although there are an increasing number of contract documents requiring bills of quantities, often there is no framework within which they can be prepared, nor a commonly agreed basis of measurement. These principles, prepared by the RICS, provide a uniform basis of measurement. They are suitable for use where existing rules are inappropriate or where no rules exist.
Private Finance Initiative
Chartered surveyors have considerable opportunities to support the success of PFI. This Guidance Note aims to show what type of opportunities exist for the chartered surveyor in PFI, as well as providing a current statement of PFI policy and practice. This guidance note is out of print and is available on isurv for information purposes only. Any questions relating to its status and application should be addressed to the relevant faculty.
Project management Agreement and Conditions of Engagement
The Project Management Agreement and Conditions of Engagement document has been designed as a model agreement and conditions of engagement for use by client and project managers. The project manager is regarded as an independent professional, but there are differences of opinion as to the responsibilities he or she has and the services he or she provides. This agreement has been written on the basis of the generally recognised situation in the construction industry where the person or company in the position of project manager coordinates other consultants appointed directly by the client. A distinction between project management and project co-ordination is made by RICS Insurance Services Limited (RICSIS). If the project manager appoints other consultants, RICSIS defines the service as project management. If the client appoints other consultants, the service is defined as project co-ordination. It is to be used in conjunction with Memorandum of Agreement between Client and Project Manager and Conditions of Engagement also presented here.
Project Monitoring is distinct from both project management and construction monitoring, and can be defined as: 'protecting the Client's interests by identifying and advising on the risks associated with acquiring an interest in a development that is not under the Client's direct control.' This guidance note considers the typical things that a Project Monitor will advise upon, including: land and property acquisition matters; statutory consents; competency of the developer, its team and any proposed project management systems; financial appraisals; development, finance, consultancy and construction agreements; construction costs and programmes; and design and construction quality.
Rating appeals (3rd edition) is written for any surveyor who is involved in a proposal to alter the rating assessment of a client's property. It takes the surveyor through every stage of an appeal, including: - how and when to make a proposal; - the grounds for making a proposal; - what to do if there is no agreement - going to a Valuation Tribunal; - Valuation Tribunal procedures; - pre-hearing preparations; and - the stages involved in the hearing. Specifically written by experts for the generalist, this introductory guide: - highlights the main pitfalls; - clarifies the system - including why, when and how to make a proposal; - outlines the procedures; - gives guidance on best practice; - explains the surveyor's dual role as advocate and expert witness, and defines the requirements of each; and - gives practical advice on the information and documentation required.
Rating Consultancy Code of Practice
3rd edition With the aim of improving consumer protection and maintaining professional standards, this code of practice sets out standards that rating consultants must adopt in all cases where they are either seeking instructions, or are approached by a new or existing client, to provide advice in relation to non-domestic rating matters. It has mandatory application in relation to rating consultancy work and took effect from 1 April 2010. An addendum was published in September 2013: Appendices A and B to the Rating Consultancy Code of Practice were amended following the deferment of the next rating revaluation to 2017. The Code requires one or both of these appendices to be provided to clients as part of the written confirmation of the Terms of Engagement for Rating Consultancy advice, unless the instruction relates to work in Northern Ireland where Appendix C can be used and neither Appendix A or B is required.
Surveyors' Construction Handbook: Introduction and Index
The Surveyors' Construction Handbook is out of print and is available on isurv for information purposes only. Any questions relating to its status and application should be addressed to the RICS QS and construction professional group.
Surveyors' Construction Handbook: The Client's Roles and Responsibilities
The Surveyors' Construction Handbook is out of print and is available on isurv for information purposes only. Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. This document briefly explains the client's responsibilities through the life of a construction project. In carrying out their role, clients, depending on their knowledge and expertise, will need help from their professional advisers, project managers and other consultants, whose roles are also explained. This document aims to outline the client's task in setting policy and formulating strategy, and explains how it should be carried out.
Surveyors' Construction Handbook: Value Engineering
The Surveyors' Construction Handbook is out of print and is available on isurv for information purposes only. Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. Value management (and within it, value engineering) is a structured method of eliminating waste from a client's brief and from the design on a construction project before binding commitments are made. Used to deliver more effective and better quality buildings, for example, through taking unnecessary costs out of designs, value management ensures a clearer understanding of the brief by all project participants and improves team working.
Surveyors' Construction Handbook: Pre-contract Cost Planning and Cost Management
The Surveyors' Construction Handbook is out of print and is available on isurv for information purposes only. Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. Control of costs can only be achieved by the actions of the whole project team, including the client. The quantity surveyor's role is to facilitate the design process by systematic application of cost criteria so as to maintain a sensible and economic relationship between cost, quality, utility and appearance which thus helps in achieving the client's requirements within the agreed budget.
Surveyors' Construction Handbook: Life Cycle Costing
The Surveyors' Construction Handbook is out of print and is available on isurv for information purposes only. Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. It is becoming increasingly important that investment appraisal uses a whole life approach in a more systematic way than at present. Major construction clients are now insisting upon an analysis of life cycle costs and not just capital costs.
Surveyors' Construction Handbook: Elements for Buildings
The Surveyors' Construction Handbook is out of print and is available on isurv for information purposes only. Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. The Building Cost Information Service (BCIS) elements were originally produced for use in cost planning, i.e., the development of a design with a preset budget and were published in the BCIS document, Standard Form of Cost Analysis: Principles, Instructions and Definitions. However, since their introduction elements have become widely used for structuring building information in value engineering, specifications, contract drafting and tender evaluation as well as for cost planning/cost analysis.
Surveyors' Construction Handbook: Design and Build - Guidance for Employer's Agents
At its most basic, the role of the employer's agent is to act on behalf of the client in the matters specified in the contract. However, in practice there are a wide range of tasks that a client may ask an employer's agent to undertake.
Surveyors' Construction Handbook: The Chartered Surveyor as Lead Consultant
The Surveyors' Construction Handbook is out of print and is available on isurv for information purposes only. Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. Over recent years many property and construction professionals have diversified into areas outside their core discipline. Some have become barristers; many have become planning supervisors; but the most common and obvious diversification has been to take on the role of lead consultant or project manager.For those embarking on this route care must be taken to ensure that the additional duties required by the role of lead consultant are fully understood and considered when undertaking the project, together with the associated professional liabilities.
Surveyors' Construction Handbook: Defining Sustainable Construction
The Surveyors' Construction Handbook is out of print and is available on isurv for information purposes only. Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. The term 'sustainable' was first used in the construction industry when it was applied to sources of timber. At that time timber was declared to come from 'sustainable sources'. Today, timber from sustainable sources has been replaced with the expression 'well managed' or even 'managed' sources implying that there is a difference between being sustainable and being well managed. But what is this difference?
Surveyors' Construction Handbook: Developing an Appropriate Building Procurement Strategy
The Surveyors' Construction Handbook is out of print and is available on isurv for information purposes only. Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. The strategy developed for the purpose of project procurement should result from an objective assessment of client needs and project characteristics, since it is considered that there will be no single procurement strategy suitable for all projects and all clients. Choice of an inappropriate strategy can, however, result in a failure to meet client objectives, disappointment and potential litigation.
Surveyors' Construction Handbook: Building Services Procurement
The Surveyors' Construction Handbook is out of print and is available on isurv for information purposes only. Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. The value of building services can represent anything up to 50% of a project's total cost and a considerable proportion of the construction risk. It is therefore important that guidance is given to all professionals who provide advice in this field. It is hoped that this guide will lead to a more consistent approach throughout the construction industry.
Surveyors' Construction Handbook: The Problems of Practical Completion
The Surveyors' Construction Handbook is out of print and is available on isurv for information purposes only. Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. The law and practices in relation to the completion of building and engineering projects are complex issues that often give rise to conflict. Whilst the title of this section refers to practical completion the subject has been approached at a more generic level. Thus, for example, the concepts of 'substantial completion' and 'taking over' have been included and commented upon, and standard forms other than JCT variants have been considered.
Surveyors' Construction Handbook: Ascertaining the amount of loss and expense incurred in building projects
The Surveyors' Construction Handbook is out of print and is available on isurv for information purposes only. Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. Under common law, if one party to a contract is in breach then that party is liable to the other for damages. The level of such damages has been established by a number of court cases. However, the level of damages payable at common law has never intended to act as a penalty or deterrent but simply to ensure that, in respect of the aggrieved party. This document helps explain how such a figure is calculated.
Surveyors' Construction Handbook: The Management of Risk
The Surveyors' Construction Handbook is out of print and is available on isurv for information purposes only. Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. Risk is present in all projects and surveyors are routinely involved in making decisions which have a major impact on risk. Risk management is concerned with establishing a set of procedures by which risk is managed, rather than being dealt with by default. Major clients, such as Network Rail and BAA, already have formal procedures in place for managing risk. Other clients are likely to seek guidance from their professional advisers, which includes surveyors, on how best to deal with risk.
Surveyors' Construction Handbook: Valuations for Interim Certificates
The Surveyors' Construction Handbook is out of print and is available on isurv for information purposes only. Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. Many construction projects require interim payments to be paid to a contractor. This is in order to relieve the contractor of the burden of financing the whole of the works until completion; works which may take many months or years to complete. Within each contract there will be clauses which set out the criteria under which interim payments will be made, the timing of these payments and the administrative rules under which quantity surveyors, architects, employers and contractors must operate. In many contracts, whilst the completion and calculation of the value is important, the method and procedure of the interim payment which the contractor receives is equally as important.
Surveyors' Construction Handbook: Extension of Time
The Surveyors' Construction Handbook is out of print and is available on isurv for information purposes only. Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. There are probably more disputes about extension of time and consequential cost issues than any other disputes under construction contracts. It is therefore imperative that extension of time issues are dealt with in a proper manner by the contract administrator.
Surveyors' Construction Handbook: Surveying Safely
The Surveyors' Construction Handbook is out of print and is available on isurv for information purposes only. Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. RICS updated its Surveying Safely leaflet and the most recent version can be accessed by clicking below. This guide has been produced by the new RICS Health and Safety Forum to help you put health and safety first when carrying out your duties and responsibilities. It will also remind you of the many aspects of our industry that can be hazardous. RICS members are invited to comment on a new draft guidance note: Surveying safely.
Surveyors' Construction Handbook: Electronic Document Storage - Legal Admissibility
The Surveyors' Construction Handbook is out of print and is available on isurv for information purposes only. Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. The production and storage of documents and other information on computer systems has become increasingly common and it is, therefore, inevitable that these stored documents will be used in their electronic form as a basis for business transactions, and will be produced, transmitted and stored in significant numbers.
Service charges in commercial property
The first two editions of the Service charges in commercial property Code of Practice set a marker for the standards of management required in commercial property. The Code has been endorsed by property bodies representing all sides of the property industry and widely acknowledged as a significant step forward for the property industry. Its stated aims are: to improve general standards and promote best practice, uniformity fairness and transparency, the ensure timely issue of budgets and year end certificates, to reduce the causes of disputes, to provide guidance to solicitors. Following an industry summit hosted by RICS it was clear that there were areas of the Code that required greater clarity, in particular in relation to service charge accounting, sinking funds and fees. The revisions in this Code reflect the feedback received from the industry. The service charge accounting sample report is drawn from appendix C of the 3rd edition Code.
Service Charge Residential Management Code
The RICS Service Charge Residential Management Code (the Code) (2nd edition; effective from 6 April 2009) was approved by the Secretary of State for England under the terms of section 87 of the Leasehold Reform, Housing and Urban Development Act 1993. First published in 1997, the Code was updated to incorporate the provisions of the Commonhold and Leasehold Reform Act 2002 (where implemented). Important notice: Readers of the Code should note that it contains many references to the Commonhold and Leasehold Reform Act 2002. It should be noted that some sections of this Act had not been implemented at the time of publishing the Code. RICS will issue updates to the Code in order to reflect any such changes. Please visit the RICS website for the latest information.
Stock Condition Surveys
This update of the 1994 guidance note provides information on significant changes in this area. It defines what a stock condition survey is, what buildings can be the subject of a survey and a comprehensive list of what is involved in a survey. Section 1 covers key issues in detail. Section 2 runs through the process of carrying out a stock condition survey from briefing to completion. While most of the references of the guidance note are UK-based, the principles, processes and decision making form a core set of techniques and methods that can be applied to buildings anywhere in the world.
Surveyors acting as arbitrators and as indepedent experts in commercial property rent reviews
Surveyors acting as independent experts in commercial property rent reviews This 9th edition guidance note published in February 2014 is designed primarily to assist those who are appointed either by the President of RICS, or directly by the parties to a dispute, to act as an independent expert to determine their dispute. It is also intended to assist the parties themselves and those acting for them by making them aware of the procedures likely to be followed. Surveyors acting as arbitrators in commercial property rent reviews This 9th edition guidance note published in April 2013 is designed primarily to assist those who are appointed to act as arbitrator, either by the President of RICS, or directly by the parties to a dispute. It is also intended to assist the parties themselves and those acting for them by making them aware of the procedures likely to be followed.
Surveyors acting as arbitrators and as independent experts in construction related disputes
Before accepting the role of arbitrator or independent expert it is essential that you have sufficient knowledge of the practice, procedures and law of arbitration, as well as knowledge of the subject matter of the dispute. This RICS guidance note has been specially prepared for those who are appointed to act as arbitrators or independent experts in building construction disputes. It looks at: the appointment and acceptance; power and duties; procedures involved; and fees and costs.
Surveyors acting as expert witnesses
The current (3rd edition - combined RICS practice statement and guidance note) of Surveyors acting as expert witnesses applies to surveyors when providing expert evidence, whether oral or written, before a range of courts and tribunals in the United Kingdom. The 3rd edition came into force on 1 January 2009. The practice statement sets out the mandatory duties of a surveyor in providing evidence, while the guidance note provides further information on good practice, including: the need for clear instructions and terms of engagement; fees; guidance on what to do in situations of conflict of interest; an outline of the written report format; clarification of the differences between the roles of expert witness and advocate; and the immunity of the expert witness. A stand-alone electronic version of this practice statement (without the guidance note) is also available for potential use with clients in connection with the particular requirement of PS 3.3. The 50th amendment to the Civil Procedure Rules (CPR) was recently introduced and amended rules came into force on 1 October (unless otherwise provided in SI 2009 No. 2092). RICS has produced a combined briefing and addendum to Surveyors acting as expert witnesses. The briefing section sets out some of the recent changes to the expert witness provisions of the CPR, and the addendum features amendments that should be read into the published 3rd edition Practice statement and guidance note.
Surveys of Land Buildings and Utility Services at Scales of 1:500 and Larger
Millions of pounds can be wasted by inadequate or inaccurate briefing at the survey stage. This practical working document helps property professionals to avoid these hazards, offering a standard method of defining large-scale surveys for the detailed design of construction and development projects. A flexible approach has been taken to allow 'tailor made' specifications to be created which meet exact survey requirements. A user guide is included alongside the specification, providing information and guiance on each clause.
Terms and Conditions of Contract for Land Surveying Services
This document contains the main contractual terms and conditions necessary for survey contracts. It is ideal for small to medium sized projects, where a longer and more complex general contract document is not required. Guidance on each of the clauses is provided, giving a more detailed explanation of why the term or condition is required and the purpose for which it is intended.
This guidance note provides recommended sampling, testing and reporting procedure to identify the condition of concrete in domestic and small commercial buildings. Colour photographs and illustrations are included to assist surveyors in the identification of problems. A supplement to the guidance note (released in 2002 and revised in February 2005) is included. This outlines the new test procedure, namely, stage 3 Expansion Testing.
HomeBuyer Report 2011 practice note
The practice note describes the professional obligations incumbent on all surveyors undertaking a HBR report and also includes the report documentation, the report form and checklists. Under the terms of the RICS Valuation Standards (the 'Red Book'), surveyors accepting instructions to provide reports under the RICS HomeBuyer Service must comply with the conditions set out in this practice note. The HBR 2010 (4th Edition) came into effect on 1 January 2011. This replaces the RICS HomeBuyer Survey and Valuation Service 2005 and RICS HomeBuyer Report 2009 practice notes. These are provided on isurv for information purposes only.
Valuations for Right to Buy, Right to Acquire and Equity Sharing of Social Housing
This Code of Practice has been developed in response to the College of Estate Management Report Valuing for Right to Buy, published in 2004, which was commissioned by the Office of the Deputy Prime Minister (ODPM). It provides a defined valuation process for all social housing matters, including right to buy and right to acquire valuations and has cross-industry agreement and acceptance. This version is a revised edition issued in 2009.
Waste Management - A Guide to Landfill
This guidance is now out of print and has been withdrawn from isurv.
Valuations for financial statements under UK GAAP
Formerly VIP 01 Valuation of Owner Occupied Property for Financial Statements. This guidance note is concerned with the valuation of owner-occupied property to be incorporated into financial statements prepared in accordance with UK Generally Accepted Accounting Practice (GAAP). It applies only in the UK and to valuations in accordance with Financial Reporting Standard 15 (FRS 15), Tangible Fixed Assets, and FRS 11, Impairment of Fixed Assets and Goodwill, published by the UK Accounting Standards Board (ASB). To reduce the burden on smaller entities, the Financial Reporting Standards for Smaller Entities (FRSSE) may be adopted as an alternative to FRS 15. FRSSE provides that such entities, if revaluing, shall value their properties to Market Value unless it is considered not to be an appropriate basis by the directors, in which case the valuation provisions of FRS 15 may be adopted. Where an entity adopts UK GAAP, and therefore does not prepare its financial statements under International Financial Reporting Standards (IFRS), FRS 15 prescribes two bases of value for owner-occupied property: existing use value (EUV) and, for specialised properties, depreciated replacement cost (DRC). These measures derive from both FRS 11 and 15. Various references are made to discussions with the client. Valuers are reminded that such discussions, and their outcome, must comply with valuation standard (VS) 6.11 of the RICS Valuation Standards - Global and UK (the 'Red Book'), 7th edition (2011), and be recorded in writing. Previous edition provided for information purposes only.
VIP 10 ARCHIVED The depreciated replacement cost method of valuation for financial reporting
Formerly VIP 10, The depreciated replacement cost method of valuation for financial reporting, this was incorporated into the Red Book in 2011, in GN 6. The former edition is provided for information purposes only.
Capital and rental valuation of fuel stations
Fuel stations are among those types of property generally referred to as 'trade-related property'. They are normally bought and sold having regard to their trading potential. Guidance note GN 2, The valuation of individual trade related properties in the RICS Valuation – Professional Standards 2012 (the 'Red Book') considers the criteria to be adopted by valuers when assessing the value of an individual trade-related property. GN 2 relates to a wide range of trade-related property such as hotels, public houses, bars, restaurants, theatres or cinemas, fuel stations and care homes. The terms defined in the GN are used in this information paper, which deals with the application of GN 2 to the valuation of fuel stations, including fuel stations that are allied to convenience stores (c-stores) or are part of more complex properties such as motorway service areas (MSA), where it is assumed that trading will continue. It has been written specifically with regard to the law and practice in England, Wales and Scotland. Formerly VIP 3, The capital and rental valuation of petrol filling stations in England, Wales and Scotland. The former edition is provided for information purposes only.
Capital and rental valuation of hotels in the UK
Previously referred to as Valuation Information Paper (VIP) 06, the 2nd edition information paper focuses on a specific group of trade related property, namely hotels. Although it is not intended to be fully comprehensive, it considers the general approach to be adopted for the capital and rental valuation of hotels in the UK, commenting on the different valuation methodologies and the practical approach to the assembly and interpretation of relevant information for this purpose.
Valuation of rural property
Formerly VIP 5, Rural property valuation, (former edition provided for information purposes only). Members providing valuations of rural property must comply with the RICS Valuation Standards (the 'Red Book'). All references within this guidance note are to the 7th edition (2011) of the Red Book. This guidance note is intended to act as a signpost to relevant elements within the structure of the Red Book and to prompt valuers to consider all relevant matters. It is not intended to be fully comprehensive, or to provide a template, as valuers and their firms will have their own approach and styles. It has been written in the context of UK law and practice.
Leasehold Reform in England and Wales
Formerly VIP 07 Leasehold Reform in England and Wales (former edition provided for information purposes only). This guidance note aims to assist the valuer in the provision of leasehold reform valuation advice, whether they are acting for the freeholder (landlord), intermediate landlord or tenant. It applies only in England and Wales and is written on the basis of the law as at 1 June 2010. Following its introduction in 1967, the leasehold reform legislation has been considerably amended and the rights have been extended to many more tenants. The provisions, which include the way in which the prices and premiums are to be assessed, are highly complex. Therefore, this guidance note can only provide a brief outline of the most basic principles.
VIP 08 ARCHIVED: The Analysis of Commercial Lease Transactions
Formerly VIP 8, The analysis of commercial lease transactions, this was incorporated into the Red Book in 2011, in UKGN 6. The former edition is provided for information purposes only.
VIP 09 ARCHIVED Land and buildings apportionments for lease classification under International Financial Reporting
Formerly VIP 9, Land and buildings apportionments for lease classification under International Financial Reporting, this was incorporated into the Red Book in 2011, in UKGN 1. The former edition is provided for information purposes only.
Surveyors acting as arbiter or as independent expert in commercial property rent reviews (Scottish edition)
This guidance note provides valuable assistance to surveyors appointed to act as arbiters or independent experts to a dispute. It sets out the duties and procedures, providing detailed guidance on every stage from the appointment through to fees and costs. This Scottish edition follows the format adopted in the guidance note based on English law, but has been fully adapted to reflect Scots law terminology and practice.
This document has been prepared by the RICS with the aim of providing professional surveyors with background information and guidelines as to acceptable procedures for calibration and testing of electromagnetic distance measurement (EDM) instruments.
VIP 12 Valuation of Development Land
This Information Paper discusses the approach to the valuation of property where the proposed development is of a cleared, or greenfield site, or the site is to be redeveloped by removing all, or substantially all, of the existing buildings and constructing new buildings. It does not apply to redevelopment based on a refurbishment of existing buildings, with limited demolition.
Money laundering guidance
In November 2010, RICS published new guidance on money laundering for surveyors, co-authored by the National Federation of Property Professionals, the Association of Relocation Professionals and the Association of Residential Managing Agents. The guidance provides a general introduction to anti money laundering, counter financing of terrorism, bribery, and financial sanctions.
Public Sector Asset Management Guidelines
2nd edition Provides guidance for property asset managers in the complex challenge of property asset management. It explains how to gain reduced operating costs, better quality accommodation, more productive staff and satisfied customers.
Red Book 5th and 6th editions, changes between editions
This document details the changes between the 5th and 6th editions of the RICS Valuation Standards.
Code for Leasing Business Premises in England and Wales
The Code for Leasing Business Premises in England and Wales 2007 is the result of collaboration between commercial property professionals and industry bodies representing both owners (landlords) and occupiers (tenants). The Code aims to promote fairness in commercial leases, and recognises a need to increase awareness of property issues, especially among small businesses, ensuring that occupiers of business premises have the information necessary to negotiate the best deal available to them.
Common Auction Conditions
Common conditions for auctions of real estate in England and Wales The Common Auction Conditions (3rd edition) was produced by the Royal Institution of Chartered Surveyors (RICS) to set a common standard across the industry. Where the auctioneer is a member of RICS and uses the Common Auction Conditions, the auctioneer must also comply with the current RICS guidance note Auctioneers selling real estate. An auctioneer who is not a member of RICS is not bound by this guidance. You may use the Common Auction Conditions freely, but if you do you must: - rely on your own legal advice as to their suitability for your use; - agree that RICS and those who advised it have no liability to you or anyone who relies on the Conditions; - reproduce the Common Auction Conditions in full or show clearly where you have made changes to them; - acknowledge that they are reproduced with the consent of RICS; - state that you have used the Common Auction Conditions (3rd edition).
Surveyors acting as adjudicators in the construction industry
The latest edition of Surveyors acting as adjudicators in the construction industry (3rd edition) aims primarily to assist those individuals who are either nominated as adjudicators by RICS or by other adjudicator nominating bodies (ANBs); or appointed directly by the parties as adjudicators in regard to a dispute relating to works carried out under a construction contract as defined in Part II of the Housing Grants, Construction and Regeneration Act 1996. This guidance note is based upon the law and practice in England and Wales. Readers should be aware that the law and practice in Scotland and Northern Ireland differs somewhat.
Carbon management of real estate
In order for surveyors to advise on the carbon management of real estate, it can prove invaluable to have a full understanding of the business case for managing and reducing carbon emissions. This guidance outlines how carbon management can provide real commercial returns as well as making a significant contribution to climate change.
RICS Building Surveyor Services
The RICS Building Surveyor Services support the RICS Forms of Consultant's Appointment and provide co-ordinated lists of core and supplementary tasks to be allocated to and undertaken by the Building Surveyor as part of the overall Project. Their coverage includes construction, building and measured surveys, asset management, insurance, feasibility, property and landlord & tenant issues. As a subscriber you can either download this document in PDF format or you can complete it using our new software at www.isurvforms.com (this will incur an additional charge). If you are not an isurv subscriber you will not be able to download the PDF below, but you can still complete the form online at www.isurvforms.com.
RICS Quantity Surveyor Services
The RICS Quantity Surveyor Services support the RICS Forms of Consultant's Appointment and provide co-ordinated lists of core and supplementary tasks to be allocated to and undertaken by the Quantity Surveyor as part of the overall Project. Their coverage includes work stages based around the RIBA Outline Plan of Work 2007 (Preparation, Design, Pre-Construction, Construction and Use). As a subscriber you can either download this document in PDF format or you can complete it using our new software at www.isurvforms.com (this will incur an additional charge). If you are not an isurv subscriber you will not be able to download the PDF below, but you can still complete the form online at www.isurvforms.com.
RICS CDM Co-ordinator Services
The RICS CDM Co-ordinator Services support the RICS Forms of Consultant's Appointment and provide co-ordinated lists of core and supplementary tasks to be allocated to and undertaken by the CDM Co-ordinator. Their coverage includes work stages based around the RIBA Outline Plan of Work 2007 (Preparation, Design, Pre-Construction, Construction and Use). As a subscriber you can either download this document in PDF format or you can complete it using our new software at www.isurvforms.com (this will incur an additional charge). If you are not an isurv subscriber you will not be able to download the PDF below, but you can still complete the form online at www.isurvforms.com.
RICS Employer's Agent Services
The RICS Employer's Agent Services support the RICS Forms of Consultant's Appointment and provide co-ordinated lists of core and supplementary tasks to be allocated to and undertaken by the Employer's Agent as part of the overall Project. Their coverage includes work stages based around the RIBA Outline Plan of Work 2007 (Preparation, Design, Pre-Construction, Construction and Use). As a subscriber you can either download this document in PDF format or you can complete it using our new software at www.isurvforms.com (this will incur an additional charge). If you are not an isurv subscriber you will not be able to download the PDF below, but you can still complete the form online at www.isurvforms.com.
RICS Project Monitor Services
The RICS Project Monitor Services support the RICS Short Form of Consultant's Appointment and provide co-ordinated lists of core and supplementary tasks to be allocated to and undertaken by the Project Monitor as part of the overall Project. Their coverage includes initial audit reporting, progress reporting and completion reporting. As a subscriber you can either download this document in PDF format or you can complete it using our new software at www.isurvforms.com (this will incur an additional charge). If you are not an isurv subscriber you will not be able to download the PDF below, but you can still complete the form online at www.isurvforms.com.
RICS Project Manager Services
The RICS Project Manager Services support the RICS Forms of Consultant's Appointment and provide co-ordinated lists of core and supplementary tasks to be allocated to and undertaken by the Project Manager as part of the overall Project. Their coverage includes work stages based around the RIBA Outline Plan of Work 2007 (Preparation, Design, Pre-Construction, Construction and Use). As a subscriber you can either download this document in PDF format or you can complete it using our new software at www.isurvforms.com (this will incur an additional charge). If you are not an isurv subscriber you will not be able to download the PDF below, but you can still complete the form online at www.isurvforms.com.
RICS Standard Form of Consultant's Appointment
The RICS Standard Form of Consultant's Appointment is suitable for use in relation to projects of any size or value. The default positions provide a practical balance of risk between the client and the consultant, removing any ambiguity about the consultant's scope of service and contractual liabilities. As a subscriber you can either download this document in PDF format or you can complete it using our new software at www.isurvforms.com (this will incur an additional charge). If you are not an isurv subscriber you will not be able to download the PDF below, but you can still complete the form online at www.isurvforms.com.
RICS Short Form of Consultant's Appointment
The RICS Short Form of Consultant's Appointment is appropriate where the services and project are more straightforward. The default positions in the Appointment Forms provide a practical balance of risk between the client and consultant, removing any ambiguity about the consultant's scope of service and contractual liabilities. As a subscriber you can either download this document in PDF format or you can complete it using our new software at www.isurvforms.com (this will incur an additional charge). If you are not an isurv subscriber you will not be able to download the PDF below, but you can still complete the form online at www.isurvforms.com.
RICS Standard Form of Consultant's Appointment (Explanatory Notes)
These explanatory notes are a short introduction and explanation of the RICS Appointment forms. They are not part of the Appointment nor a substitute for professional advice and should not be relied on as a substitute for professional advice.
Independent compliance auditing for RSLs
This guidance note has been prepared in agreement with the Housing Corporation and explains the best practice procedures for individuals or firms carrying out the independent audit function as required by the Corporation for all Registered Social Landlords as part of their Partnering Programme Agreement.
Form and Structure of Mineral Option and Lease
This guidance note is aimed at professionals in the field of negotiations for rights to minerals and also touches on leases of void space. It is generally biased to those working for the landowner, however, it can also inform the tenant and its professional advisers. The guidance note serves to remind us of what the basic building blocks of a mineral lease comprise. It also reminds us that there is no such thing as a standard mineral lease. Hence each case should be considered on its individual merits.
APC candidate's guide - graduate route to membership
This guide will help you prepare for the commitment and responsibility that go with training for the Assessment of Professional Competence (APC).
APC guide for supervisors, counsellors and employers
This guide will help you prepare for the commitment and responsibility that goes with training an APC candidate. It provides background information and gives specific guidance on the structured training agreement, the requirements of the competencies and professional development. It looks at your involvement in the various stages and the reviews that must be carried out during the training period.
APC requirements and competencies
This guide should be read in conjunction with the separate candidate's guide for your route to membership (2006) and Guide for supervisors, counsellors and employers - graduate route to membership, July 2006, if applicable. This guide is set out in sections and should be read in order. Section one - provides information on the technical competencies and how to choose them, as well as detailed information on the mandatory competencies. Sections two and three - list each APC and ATC pathway and their competencies, reflecting the needs of the RICS Faculties and the market sector specialisms they support. Section four - describes, in alphabetical order, the individual competencies.
APC Pathway Guides: Land
The Land pathway guides are a valuable addition to APC candidate support. These documents have been produced by our professional groups to help you understand more about qualifying as an RICS member through your pathway by putting individual competencies into the context of your surveying area and providing sector-specific guidance on each. This includes: - Environment - Geomatics - Minerals and waste management - Planning and development - Rural
APC Pathway Guides: Construction
The Construction pathway guides are a valuable addition to APC candidate support. These documents have been produced by our professional groups to help you understand more about qualifying as an RICS member through your pathway by putting individual competencies into the context of your surveying area and providing sector-specific guidance on each. This includes: - Building control - Building surveying - Infrastructure - Project management - Quantity surveying and construction - Taxation allowance
APC Pathway Guides: Property
The Property pathway guides are a valuable addition to APC candidate support. These documents have been produced by our professional groups to help you understand more about qualifying as an RICS member through your pathway by putting individual competencies into the context of your surveying area and providing sector-specific guidance on each. This includes: - Arts and antiques - Commercial property - Facilities management - Management consultancy - Property finance and investment - Residential - Valuation
Electronic document storage (2003)
This guidance note covers the legal admissibility of electronic document storage. It looks at the authenticity and reliability of documents stored in this way and examines the revised Code of Practice for this area, including: the types of systems covered by the Code; the types of data files covered; who the Code is for; creation of a policy document; developing a procedures manual; quality control; destruction of original documents; system maintenance; security and protection; and back-up and data recovery. Published: 2003 2nd edition
Auctioneers proposing to sell plant and machinery at public auction in England Wales and Scotland
This RICS guidance note provides best-practice advice for chartered surveyors conducting public auctions of plant and machinery. It deals with the preparations for, and conduct of, the auction, including acceptance and agreement of instructions; pre-auction work; the auction itself; post-auction procedures; complaints handling and disputes resolution; and legal responsibilities.
Selling personal property at auction
This RICS Guidance Note indicates best practice for members conducting public auctions of antiques, fine art and chattels in England and Wales. Thorough and practical, it covers actions to be taken before, during and after a sale, with sections including, accepting goods for sale, conditions of business, cataloguing, auction estimates and the reserve price, marketing the sale, monitoring third-party claims, bidding arrangements, goods governed by special statutes, ethical principles.
APC guide to final assessment
This guide will help you prepare for the commitment and responsibility that go with training for the Assessment of Professional Competence (APC).
Red Book, 5th edition effective 01/05/2003 (including amendments)
ARCHIVED CONTENT: The original RICS Appraisal and Valuation Standards, 5th edition effective 01/05/2003. Including: Red Book, 5th edition, amendment 1 (effective 01/05/2003) Red Book, 5th edition, amendment 2 (effective 01/09/2003) Red Book, 5th edition, amendment 3 (effective 01/12/2003) Red Book, 5th edition, amendment 4 (effective 31/05/2004) Red Book, 5th edition, amendment 5 (effective 31/01/2005) Red Book, 5th edition, amendment 6 (effective 01/07/2003) Red Book, 5th edition, amendment 7 (effective 31/01/2006) Red Book, 5th edition, amendment 7.5 (effective 01/06/2006) Red Book, 5th edition, amendment 8 (effective 20/09/2006) Red Book, 5th edition, amendment 9 (effective 01/07/2007) Red Book, 5th edition, amendment 9.5 (effective 01/08/2007)
Red Book, 6th edition effective 01/01/2008 - English (including amendments)
RICS Valuation Standards (The Red Book) contains mandatory rules, best practice guidance and related commentary for all RICS members undertaking valuations of property, plant and equipment. The content of the Red Book is supervised by the RICS Valuation Standards Board (VSB). The Red Book includes global valuation standards and guidance applicable to all RICS members worldwide, along with standards and guidance for valuation in the UK. This is the English version of the Red Book, 6th edition effective from March 2009.
Duty of care deeds and commercial property
This paper gives an outline on the principle issues arising with regard to duty of care deeds. It does not form specific legal advice for your particularsituation. Duty of care deeds and the legal issues they raise are complex and will vary depending on the documentation. Therefore, you should not rely upon this paper as legal advice. You should always consider obtaining specific legal advice.
Limiting liability in property management contracts
Property managers manage a high value, complex asset. This means that they are vulnerable to dispute and litigation. Therefore it is important for property managers to actively manage their risk. A key part of risk management is getting the content of the contract right. This information paper is intended to briefly explain the principles of liability under English law, how such principles relate to property management contracts and how you should consider addressing liability in your standard contracts. Sample model clauses and examples are included. Please note, however, these are not definitive and you will need to tailor the clauses to your specific situation.
Sinking funds, reserve funds and depreciation charges
Sinking funds, reserve funds and depreciation charges are all ways of making financial provision for future repairs or replacements. This 2nd edition information paper is in three sections. The first section addresses matters that owners, occupiers, managers and drafting solicitors might like to consider. The second section provides further information in support of the RICS Code of Practice, Service charges in commercial property (‘the Code’). The third section (see appendix A) sets out suggested service charge lease provisions that have been specifically designed to comply with the principles and provisions of the Code.
Service charges and tenant alterations
The fair and equitable apportionment of the costs incurred by a landlord in dealing with common parts, works and services is often relatively straightforward. The most common and simplest method of apportionment is based on floor area, i.e. the proportion the tenant bears is the ratio that the floor area of the premises bears to the aggregate floor area of the whole building or scheme. However, where a tenant carries out alterations to premises which increases (or decreases) the floor area of the premises (e.g. the installation or removal of a mezzanine floor within the tenant's demise) issues can arise as to the extent to which the tenant's proportion of the landlord's service charge should be increased or decreased, and the potential impact upon the proportion of the service charge payable by other tenants.
Letting of residential property in the private sector (4th edition)
With the significant growth in the private rented sector in recent years, it is vital that those professions engaged in this area have a clear understanding of the respective rights of landlords and tenants. This fully updated RICS guidance note summarises how letting agents can provide a high level of service to both their clients and prospective tenants. It covers best practice and the legal requirements involved in each stage of the letting process. This edition has been approved by the three main professional bodies: RICS, ARLA and NAEA and, as such, provides an industry-wide standard for residential lettings.
Valuation of individual new-build homes
The aim of this guidance note is to assist the valuer in approaching the valuation of a new-build property in a logical and systematic way. It is written specifically for use within the UK, however, members operating in other countries may find the processes of valuation discussed helpful and capable of adaptation to their local circumstances. This guidance note is intended for property that has yet to be occupied for the first time, or at least occupied for the first time in a new form. This may be because the property is a new construction, a conversion or a renovation from an earlier use. Valuation of individual new-build homes (2nd edition) is effective from June 2012.
Renewable energy information paper
Commissioned by the rural professional group and published by RICS Books in April 2009, this information paper is an update and upgrade of the Renewables briefing paper originally published in 2007. This information paper is designed to meet the immediate needs of non-specialist surveyors in the UK who do not have detailed knowledge of renewable energy issues. It is intended to act as a resource guide for those seeking to make a basic assessment of the options for farmers and householders, and not as a comprehensive guide to renewable energy.
Building maintenance: strategy, planning and procurement
This guidance note deals with the strategic and procedural matters that need to be considered when carrying out such building maintenance works. Part 1 addresses the need for, and formulation of, a maintenance strategy and a maintenance policy. Part 2 looks in more detail at the works, addressing issues relating to the identification and prioritising of current and uncompleted maintenance work of an individual property, or a portfolio of properties. Part 3 considers the different methods of funding maintenance works. Part 4 deals with procurement, the selection of the contractor and the form of contract to be used.
Residential Property Practice pathway guide
A guide to membership of RICS via the Residential Property Practice pathway. This guide supports the core 2006 APC and ATC documentation. It is designed to help you understand more about qualifying as an RICS member in residential property practice. The guide is based on UK market practice and may be unsuitable for candidates based in other countries. The material is set out in three sections. Section one provides information on this area of practice with a general overview of the residential property practice pathways. Section two lists the competency requirements of the residential property practice APC and ATC pathways (as set out in the APC/ATC Requirements and competencies guide July 2006). Section three describes the main technical competencies associated with residential property practice providing expanded sector specific guidance on each of them. This forms the main part of the guide.
Rent only residential management code
This RICS guidance note provides good-practice advice on the management of residential property. It is written for all professionals working in this field, such as managing agents and landlords. It is also intended to be used by residents, owners of property and providers of services to such properties. The Code provides a basis for determining and understanding how management should be undertaken. The new edition has been fully revised and now includes a glossary of key terms.
Sustainability and the RICS property lifecycle
The chartered surveying profession has long had a role and reputation as being the custodian of the built and natural environment. With a body of knowledge and expertise built up over many years, RICS members are at the core of decision-making on the built and natural environment. RICS recognises that sustainability should be considered throughout the property lifecycle. The interrelationships of the five phases in the property lifecycle - greenfield and estate management, planning and procurement, new construction, occupation and use (including refurbishment and alterations), demolition and remediation - are critical to achieving sustainability for the property profession. This document details how sustainability can be embedded into the RICS property lifecycle and provides a resource for engaging our members in sustainability in promoting a positive contribution to our pursuit of sustainable land, property and construction. This guidance note primarily examines the sustainability interventions and opportunities property professionals can put forward during the design and construction of a building project. It also forms a starting point for further guidance aimed at the RICS property lifecycle stages.
APC Rules of Conduct guidance
This guidance note informs APC candidates, supervisors, counsellors and assessors about the documents that are relevant for the APC final assessment and should be reviewed, understood and applied by candidates as part of their APC training and preparation. It also provides a navigation guide to the NEW RICS web site and the location of all of the relevant documentation.
Surveying sustainability: a short guide for the property professional
This guide has been produced in partnership between RICS, Forum for the Future and Gleeds. This guide is aimed at surveyors in practice, and in training, to show how the overarching concept of sustainability relates to the entire range of practice disciplines that make up the surveying profession. The guide is intended to act as an initial point of reference and provide further sources of information. It is not intended to be comprehensive or legally binding guidance.
The strategic role of facilities management in business performance
In developing the RICS Facilities Management Standards (The ‘White Book’) the RICS Facilities Management Executive Board have considered the market globally and have structured the document so that it can be applied internationally. In this context the White Book will comprise a series of guidance notes and information papers. The strategic role of facilities management in business performance is the principle guidance note in the ‘White Book’ suite. Strategic facilities management is now seen as a major driver of business efficiency and a strategic influencer within an organisation. It therefore follows that each element of the service requirement must support this approach and integrate into the business planning process of the host organisation if it is to be effective in supporting the primary business activities of that organisation.
Boundaries: procedures for boundary identification, demarcation and dispute resolution in England & Wales
Boundaries: procedures for boundary identification, demarcation and dispute resolution in England & Wales aims to provide an understanding of the value and role that clearly identifiable boundaries provide; and to enable, wherever possible, accurate and comprehensible information to be provided by professionals, with as little room for misunderstanding as practicable. It is also inteded to help in the event of a dispute over boundaries, to set out the facts in a manner that assists the parties, their legal advisers and the courts, while safeguarding the interest of clients and promoting the public interest.
RICS Manual of Estate Agency (archived content)
With effect from 1 August 2009, the RICS Manual of Estate Agency Law and Practice (2nd edition) was superseded by the Blue Book. For reference purposes, a pdf of the RICS Manual of Estate Agency Law and Practice can be accessed here.
Apportionment of service charges in mixed-use developments
This information paper is written to address new developments where the service charge apportionment strategy can be constructed simultaneously with the lease documentation. In addition, the principles it sets out can be used when considering revising the Apportionment of existing developments where the existing leases do not allow for apportionment to be amended. But consequent complications must be taken into account. Whatever the circumstances the resultant apportionment strategy must be clearly and transparently set out. It must enable all parties to understand the basis of apportionment and allow for future modifications in the event that circumstances change making a revised apportionment strategy necessary.
This guidance note is primarily aimed at project management surveyors and has two purposes: (1) to set out the main phases of the development management process and the main activities included in each phase; and (2) to provide specific guidance on the following issues that will impact upon the development process: development appraisal; planning application processes; development finance; and procurement.
Sustainability and commercial property valuation
Sustainability encompasses a wide range of physical, social, environmental and economic factors that can impact on value and of which valuers should be aware. This 2nd edition global guidance note explores the role of the valuer and assessing a building’s sustainability characteristics.
Flooding - issues of concern to chartered surveyors
The purpose of this information paper is to provide chartered surveyors in England and Wales with background information on the issues involved in flooding and flood defence. Although the primary focus of this report is on flooding in or from rural areas, it is recognised that rural and urban areas are linked through the floodplain, and that the consequences of action within one area can cause flooding elsewhere.
Historic building conservation
This guidance note should be regarded as essential reading for any RICS member practising or working on any old and traditionally constructed building or structure. One in five buildings in the UK date from before 1914, meaning that surveyors of all disciplines are likely to encounter such a building at some stage in their career. General guidance does not cover all situations and the practitioner's skill will lie in tailoring his or her knowledge to suit each case. The diverse nature of historic buildings and the owner and user's interests in them means that surveyors working in this field, however briefly, require a rounded understanding of the whole subject before any truly successful solution can be identified. The chapter on the philosophy of historic building conservation is intended to help equip the competent surveyor to balance apparently conflicting demands in the best interests of owners and the wider community. It is hoped, therefore, that surveyors will draw upon this guidance note to develop their skills and expertise in this area.
Blue Book 3rd Edition - July 2009
ARCHIVED CONTENT: The original Blue Book: Residential estate agency standards, July 2009 edition, effective 1 August 2009.
Electronic document management (2009)
This guidance note has been prepared in response to the growth in electronic document exchange and storage. Without some form of structured methodology, the task of managing information through the traditional document lifecycle is virtually impossible. While there are a number of Electronic Document Management Systems (EDMS) providing the basis of a structured system, the question is, what form should this system take, and which system is best for you? While there is no single system, there are some general recommendations as to what constitutes good practice. This guidance note aims to offer advice on what constitutes this good practice and to aid understanding of the issues associated with implementing an EDMS. It is not intended as a system review. However, you may find the guidance provided - and specifically the feature lists - helpful in selecting a suitable system for your business. Published: 2009 1st edition
Best practice for property professionals regarding construction insurance in relation to construction projects - from the initial development stage, through to completion.
Assoc pathway guides: Land
The official RICS Associate pathway guides contain details on the Associate assessment, the mandatory competencies and the technical competencies specific to the pathway. Land pathways include: - Hydrographic - Land - Land engineering
Spatial planning and infrastructure delivery
Spatial planning has a central role in the planning and delivery of infrastructure. It is concerned with all investment and includes the private, public and community sectors. This extended role in infrastructure planning and delivery now sits within the whole governance structure at the local level, which is increasingly being joined up and coordinated. Spatial planning also extends to the use of all public sector assets and the location of services and facilities. It is concerned with all public sector mainstream budgets, as well as funding from agencies such as the Homes and Communities Agency (HCA), private investment and developers' contributions.
Energy strategies for rural businesses
The Rural Professional Group has developed this guidance note for RICS members advising clients or employers in the rural sector on the development of energy strategies for their estates, land and buildings. The guidance is primarily written for members practising in the UK. For the purposes of this guidance the definition of energy strategy, which has been developed and adopted, is: 'the tool by which objectives relating to reducing energy consumption and generating clean energy are consciously and systematically pursued and obtained over time. The strategy is not static but will evolve in response to changing needs.' The guidance note aims to provide strategic advice and does not intend to provide answers for every situation but rather to set an approach and to identify sources of information where surveyors can access more technical advice and support. The guidance refers to relevant areas and sources of legislation but does not seek to reiterate all legislative requirements. It reflects law and practice as at the date of issue and the aim is to regularly update it to reflect further guidance and emerging good practice.
Environmental liabilities directive
As chartered surveyors will be aware, there is a greater level of environmental protection and regulation than ever before. The Environmental Damage (Prevention and Remediation) Regulations 2009 (SI 2009/153) have introduced wide-ranging new requirements addressing environmental liability. The Regulations apply to environmental damage or the imminent threat of environmental damage to water, land, protected species and natural habitats, and Sites of Special Scientific Interest (SSSIs). This information paper has been updated to reflect amendments to the Regulations and official guidance, and includes case studies that demonstrate the application of the Regulations since their introduction. The Department for Environment, Food and Rural Affairs (Defra) developed guidance on environmental liability in November 2009, which is an invaluable starting point for all practitioners whose work or advice is likely to be affected by EDR.
Energy from waste
For the foreseeable future, the UK's energy needs will be supplied by a mix of fuels and technologies, with fossil fuels and nuclear power likely to be included in this mix. However, there are a number of factors encouraging expansion of the renewable energy market, including the fact that renewables are the cornerstone of the energy policy of the UK government. This paper deals with the resurgence of interest in Energy from Waste. It highlights issues, provides an update on legislation, government policy and the interests of responsible bodies. An explanation of technologies is given, both current and emerging, and how they might help meet the requirements of the renewables energy sector.
Planning Act 2008: Delivering infrastructure
In November 2008, the Planning Bill received Royal Assent in the UK Parliament to become the Planning Act 2008. The main purpose of the legislation is to enable more effective consideration and delivery of nationally important infrastructure. In addition the Act provides for a levy system for contributions towards community infrastructure generally at a local level but in the case of London, also at a strategic level. A number of miscellaneous amendments to existing planning legislation has also been introduced. In view of the ongoing development of the provisions made within the Planning Act 2008, this RICS information paper is time sensitive and should only be used as a guide to the broad framework developed since the Act was published. It is intended to update this paper on an annual basis.
Surveyors and lawyers involved in lease renewals under PACT
The Landlord and Tenant Act 1954 provides for the terms of a renewal lease to be determined by the courts. PACT is a procedure whereby the determination of all or some of the terms for a renewal lease are (with the consent of both parties) 'delegated' to an independent third party, who may act either as an arbitrator or as an independent expert. PACT is the acronym for 'Professional Arbitration on Court Terms', a generic term intended to convey the scope and nature of the procedure available.
Valuation of trees for amenity and related non-timber uses
This guidance note is designed to assist the valuer in dealing with some of the issues that arise when dealing with the presence of trees as part of a property or as separate entities.
Geospatial information and the surveying profession
Geographic or geospatial information (GI) has become part of everyday life and is a growing worldwide phenomenon. No longer is GI the preserve of highly skilled professionals; instead many people in society use it on a daily basis, sometimes unknowingly. In-car navigation systems and instant access to satellite imagery through the Internet are just two of the enormous changes that have taken place over the past few years. The proliferation of websites that use maps, images and addresses is a clear indication that GI has become part of the norm for many people. Although many of the examples in this information paper are taken from the UK, the acceleration of GI is a relevant worldwide.
Valuation of land for affordable housing
This guidance note aims to assist the valuer in the approach to the valuation of land for affordable housing by focussing on the affordable housing element of a scheme. The methodology behind the valuation of land for affordable housing has much in common with a conventional valuation of development land, therefore this guidance note should be read with an understanding of the contents of VIP 12: Valuation of development land.
This guidance note summarises what is meant by 'change' and how it is valued under JCT, NEC and FIDIC forms of contract.
SMM7: Standard Method of Measurement of Building Works, 7th edition revised 1998
The 7th edition of the Standard Method of Measurement was published in 1988. Following experience in use and in consequence of queries raised minor amendments were made in September 1988, May 1989 and May 1992. In 1998 further changes were required. Three amendments were also issued in May 2000 (1 and 2) and in June 2009 (3). Copyright for SMM7 is now held by The Royal Institution of Chartered Surveyors. **SMM7 has now been superseded by NRM 2 and is held on isurv for information purposes only.**
Valuation of woodlands
The UK's 2.8 million hectares of woodlands and forests are made up of a wide range of woodland types, ages and sizes. They are also subject to different types of legal tenure and varying constraints and liabilities. The aim of this guidance note is to assist the valuer in highlighting the main factors that impact on the Market Value of woodlands, and to outline the valuation process and approaches.
Discounted cash flow for commercial property investments
This guidance note also featured as part of the RICS Valuation Standards (the 'Red Book'), 7th edition, 2011.
Valuation of medical centres and surgery premises
Formerly VIP 04 The Valuation of Surgery Premises Used for Medical or Health Services in the UK (former edition provided for information purposes only). This guidance note provides valuation advice on surgery premises, including medical centres and surgeries occupied by doctors and other similar practitioners for medical or health services within the NHS.
Rights of light
The chartered surveyor in England and Wales has an established role as an expert dealing with the enjoyment of natural light in the built environment. Issues can arise as a result of a development that may interfere with the amount of light received through an opening benefiting from a right of light. The physical extent of the proposed development can be strongly influenced by the constraints imposed by the impact of such rights as determined by expert practitioners. This guidance note deals solely with easements known as 'rights of light' and the approach to be adopted by surveyors practising in this field.
Insurance for commercial property managers
This guidance note is designed to outline best practice for property professionals dealing with insurances for commercial property owners. It explains each of the main classes of insurance that may be required to protect business assets and income. It also examines lease requirements and some of the principles of insurance in relation to such covers. Advice is offered on the day-to-day issues that arise for those handling these covers, and guidance is given on planning for the aftermath of a serious property claim, as well as the actual claims procedures.
|Since this guidance was published, the former FSA has become two separate regulatory authorities, the FCA and the PRA, see the FSA website. The FSA Handbook can be found on the FCA website.|
The capital and rental valuation of public houses, bars, restaurants and nightclubs in England and Wales
Formerly VIP 02, The Capital and Rental Valuation of Restaurants, Bars, Public Houses and Nightclubs in England, Wales and Scotland (former edition provided for information purposes only). Public houses, bars, restaurants and nightclubs are among those types of property generally referred to as trade related property. They are normally bought and sold having regard to their trading potential. Guidance on the valuation of individual trade related properties in the RICS Valuation Standards (the 'Red Book') - GN2 under a revised system of numbering effective from May 2011 - considers the criteria to be adopted by valuers when assessing market value or market rent for an individual trade related property. It relates to a wide range of trade related properties such as hotels, public houses, bars, restaurants, nightclubs, theatres or cinemas, and various other forms of leisure property. This guidance note provides more detailed guidance to valuers with regard to the valuation of a specific group of trade related property, that being pubs, bars, restaurants and nightclubs (licensed properties) that are occupied and trading. It has been written specifically with regard to the law and practice in England and Wales. It refers to valuation methodology in section 5 and provides a practical approach to the assembly and interpretation of relevant information.
Valuation of water as a separate resource
This information paper discusses how financial value can be attributed to water, so individuals, investors, banks and governments can appraise and understand the resource.
Real estate agency and brokerage standards
The RICS Real estate agency and brokerage standards provide best practice guidance for real estate agents and brokers in all world regions. Their purpose is to ensure that clients receive objective advice, delivered in a professional manner that is consistent with internationally recognised standards. The standards set a framework for best practice in the execution and delivery of real estate agency services, subject to specific local legislative requirements and local market specifics. The standards offer generic guidance applicable to commercial, residential and rural transactions, including sales, acquisitions, leasing and letting. The guidance underpins the Real Estate Agency Code and its core principles and also provides guidance that will help to meet relevant laws and ethical codes in all world regions.
Managing organisational change
These papers are aimed at surveyors who are assisting clients with organisational change or are re-organising their own professional practice.
Managing the design delivery (consultation)
This guidance note sets out important issues surrounding managing the process of delivering design in the specific context of construction projects. Design delivery is recognised as a key process in connecting links in the construction value chain. It is an essential connection between the interpreted response to the client's needs (which is what the design is in essence), and the construction process which brings that response into reality as a building, structure or facility. This consultation closes on 16 March 2011.
Red Book, 7th edition effective 02/05/2011
The 7th edition of the RICS Valuation standards, effective 2 May 2011 marks its issue for the first time in Global, UK and India volumes, and incorporates a number of changes and updates to enhance its clarity and ease of use. These include adopting the term 'valuation standards' rather than 'practice statements' in relation to the key requirements, which continue to be mandatory for members, since the emphasis throughout is on the delivery of valuations to clear and consistent standards. The standards in VS 1.1 and VS 1.2 have been revised to make a clearer distinction between standards that are mandatory (i.e. the compliance and ethical requirements of VS 1) and those that primarily relate to the valuation process that are not mandatory, if the purpose of the valuation falls within any of the specified exceptions (that is, VS 2 to VS 6). Although differently expressed there is no intention to change the application of principles specified in the 6th edition. There is also some renumbering and reordering of guidance notes as well as an update of them, with a new GN on the depreciated replacement cost method of valuation for financial reporting, upgraded from 'valuation information paper' status. As for the previous (6th) edition, the intention is to ensure that the Red Book global standards align and comply with International Valuation Standards (IVS), and RICS will issue updates as necessary to ensure that this remains so. Further information about IVS evolution is included in the Introduction.
Commercial property service charge handover procedures
Unlike demands for the payment of the principal rent reserved under a lease, which are usually charged as a fixed quarterly amount, interim or on account, service charge demands are usually based either on a budget or historic costs and may not be a true reflection of a tenant's ultimate liability. A tenant's ultimate liability will usually be calculated based on their proportion of the actual costs incurred in a given year in the provision of services to the property. A balancing charge, or credit, will be issued to the tenant when the annual service charge reconciliation compares the tenant's ultimate liability with the on-account service charge demands in the relevant year. As a result of this requirement for annual service charge reconciliations, it is recommended that those responsible for drafting sale or management contracts recognise service charges as an important area, and have regard to the general duty of care owed to occupiers, to ensure that the service charge continues to be managed and administered in accordance with industry best practice, through and beyond the date of sale or management transfer. This information paper is aimed at property owners and managers and their legal advisers. Its intention is to set out a series of procedures during the handover period to improve the quality of service to the industry's customers.
Red Book, 7th edition Global, effective 02/05/2011
This edition of the Red Book marks its issue for the first time in Global, UK and India volumes, and incorporates a number of changes and updates to enhance its clarity and ease of use. These include adopting the term 'valuation standards' rather than 'practice statements' in relation to the key requirements, which continue to be mandatory for members, since the emphasis throughout is on the delivery of valuations to clear and consistent standards. The purpose of the global valuation standards is to provide an effective framework, within the Rules of Conduct, so that users of valuation services can have confidence that a valuation provided by an RICS member is objective and delivered in a manner that is consistent with internationally recognised standards including those set by the International Valuation Standards Council (IVSC) (see section 2). There is a mandatory obligation placed on the individual valuer, or firm registered for regulation by RICS, to follow these standards and an effective sanction in the case of a material breach. The standards are also available in a Global and UK and a Global and India version.
An overview and comparison of dispute resolution processes in the UK
There are many different dispute resolution processes in the UK, the idea being that all of them strive to meet these aims in different ways. However, 'one size does not fit all', and selecting the wrong process can result in the opposite outcome; an unacceptable result in the longest possible time, with the greatest possible expense and maximum stress on the participants. The purpose of this paper is therefore to give an accurate, non-legalistic and user-friendly overview of the main dispute resolution processes available to the property, land and built environment sectors in the UK. This should assist users in selecting the most suitable dispute resolution process for their particular dispute.
The purpose of this guidance note is to provide chartered facilities management surveyors and other members of RICS who are involved in the property management process, with a resource that can be applied when considering the security needs of an organisation. The guidance note also describes current best practice in the planning and deployment of the measures necessary to deliver appropriate and effective security. It is not designed to provide the absolute solution for every scenario but will give an understanding of the need for security and the processes that support its application as part of the decision making process. This will assist chartered surveyors in identifying security issues relevant to their organisation and enable them to follow the appropriate course of action. Ultimately, this may require consultation with local authorities, government officials and indeed security consultants with the appropriate level of experience, before a specific course of action is taken.
The purpose of this guidance note is to provide practical guidance to RICS members in England and Wales who undertake the role of 'contract administrator' (CA). The role of the CA covers a wide range of possible services and projects from the smallest residential scheme through to larger commercial projects. The responsibilities of the CA will be defined by the form of building contract and the professional appointment under which the CA is appointed. As the majority of surveyors only deal with small to medium sized contracts, this guidance note will concentrate on the role of CA at this level; and in particular within the provisions of contracts issued by the Joint Contracts Tribunal (JCT - minor works, intermediate and standard building contracts). In addition, many of the principles set out in this guidance note will also apply where no standard form of contract has been entered into, particularly for smaller works. While the guidance note does not deal with full 'design and build contracts, the issue of the employer's responsibility for design is considered. On this basis it should be noted that this guidance note does not cover other forms of JCT contract, GC works, BPF/NEC or ICE forms, other than to distinguish the role of the CA. It also does not deal with the responsibilities of employers' representatives under design and build arrangements, where the responsibility is to act exclusively in the interests of the employer, albeit honestly and with integrity.
Red Book, 7th edition Global and India, effective 02/05/2011
This edition of the Red Book marks its issue for the first time in Global, UK and India volumes, and incorporates a number of changes and updates to enhance its clarity and ease of use. These include adopting the term 'valuation standards' rather than 'practice statements' in relation to the key requirements, which continue to be mandatory for members, since the emphasis throughout is on the delivery of valuations to clear and consistent standards. The purpose of the global valuation standards is to provide an effective framework, within the Rules of Conduct, so that users of valuation services can have confidence that a valuation provided by an RICS member is objective and delivered in a manner that is consistent with internationally recognised standards including those set by the International Valuation Standards Council (IVSC) (see section 2). There is a mandatory obligation placed on the individual valuer, or firm registered for regulation by RICS, to follow these standards and an effective sanction in the case of a material breach. The standards are also available in a Global and UK and a Global version.
Valuation methods for the Indian market
The purpose of this information paper is to provide a basic introduction to the methods of valuation most frequently used to assess the Market Value of real estate. The methods are used for assessing the Market Value of either a single or multiple legal interests in a specific parcel of real estate, which is transferable freely in an open market within a given set of parameters. The nature of those legal rights will vary from state to state, but can normally be classified as:
- the right to own and occupy which includes the right to lease, trade and use the real estate in any way permissible within the laws of that state; and
- the lesser right to occupy and use only as specified by the owner (as defined above), and which is also permissible within the law of that state.
Valuation of data centres
Data centres were established in the 1990s in response to the rapidly growing demand for off-site data storage from commercial organisations and governments. More recently, developments in technology and innovations in the use of computers - for example, the introduction of social networking sites and the growth of video-on-demand (VOD) TV - have led to a expansion of data storage requirements. In a relatively short time period, data centres have become an essential element in the functioning of the modern world economy. Occupiers' requirements in terms of power supply, security and data accessibility have meant that buildings used for the purpose of housing data centres have become highly specialised in terms of their location, construction, security and service requirements. The way in which these buildings generate income also differs from conventional commercial property. They have therefore become recognised as a distinct type of property in their own right, subject to a specific valuation approach. Though vitally important in modern developed economies, the number of buildings used as data centres is relatively small. Transactional evidence can therefore be limited and this, coupled with the wide variation in facilities offered by individual units, means that valuation using conventionally gathered comparable evidence is often impossible.
Ska Rating offices good practice measures - energy & carbon dioxide
Ska rating for offices version 1.2 comprises 109 good practice measures covering energy, materials, pollution, project delivery, transport and waste. For a complete list of measures refer to the good practice guidance. The good practice measures in the energy category (displayed in rank order) are:
Ska Rating offices good practice measures - materials
Ska rating for offices version 1.2 comprises 109 good practice measures covering energy, materials, pollution, project delivery, transport and waste. For a complete list of measures refer to the good practice guidance. The good practice measures in the materials category (displayed in rank order) are:
Ska Rating offices good practice measures - pollution
Ska rating for offices version 1.2 comprises 109 good practice measures covering energy, materials, pollution, project delivery, transport and waste. For a complete list of measures refer to the good practice guidance. The good practice measures in the pollution category (displayed in rank order) are:
Ska Rating offices good practice measures - project delivery
Ska rating for offices version 1.2 comprises 109 good practice measures covering energy, materials, pollution, project delivery, transport and waste. For a complete list of measures refer to the good practice guidance. The good practice measures in the project delivery category (displayed in rank order) are:
Ska Rating offices good practice measures - transport
Ska rating for offices version 1.2 comprises 109 good practice measures covering energy, materials, pollution, project delivery, transport and waste. For a complete list of measures refer to the good practice guidance. The good practice measures in the transport category (displayed in rank order) are:
Ska Rating offices good practice measures - waste
Ska comprises 104 good practice measures covering energy, waste, water, pollution, transport, materials, well-being and other activities. For example, when wooden flooring is stripped out it should be sent for reuse to a salvage yard rather than sending it to landfill. For a complete list of measures refer to the good practice guidance. The good practice measures in the water category (displayed in rank order) are:
Ska Rating offices good practice measures - water
Ska rating for offices version 1.2 comprises 109 good practice measures covering energy, materials, pollution, project delivery, transport and waste. For a complete list of measures refer to the good practice guidance. The good practice measures in the water category (displayed in rank order) are:
Ska Rating offices good practice measures - wellbeing
Ska rating for offices version 1.2 comprises 109 good practice measures covering energy, materials, pollution, project delivery, transport and waste. For a complete list of measures refer to the good practice guidance. The good practice measures in the category of wellbeing (displayed in rank order) are:
Green infrastructure in urban areas
The purpose of this information paper is to provide members of the RICS with background information on the issues surrounding the delivery and promotion of green infrastructure. The paper provides an overview of what green infrastructure is, the functions it can support, and refers to the various scales across which it can be provided. The paper also provides general information on the impacts associated with green infrastructure. Particular reference is made to the growing body of evidence that details some of the wide-ranging benefits that green infrastructure can generate. Alongside these strengths, the document also reflects upon those aspects of green infrastructure that have attracted concern and debate in the past, such as the planting of urban trees in and around built development.
This guidance summarises what is meant by 'acceleration' in the construction industry, how, in practice, acceleration can be achieved and how it can be valued. 'Acceleration', when used in connection with construction contracts, generally refers to increasing the originally planned or current rate of progress of the works so as to complete the project earlier than would otherwise be the case. Some of the points made in this guidance note apply equally, whether the acceleration is instigated by the contractor or the employer, but the focus is on acceleration requested by the employer. Guidance is given under the headings of General Principles (Level 1: Knowing), Practical Application (Level 2: Doing) and Practical Considerations (Level 3: Doing/Advising). These headings map to the Assessment of Professional Competence (APC).
User guide: reflecting uncertainty in valuations
This guide is prepared for the benefit of valuers and other users of valuations to provide a general understanding of the concept of uncertainty and the methods by which uncertainty, in valuations for investment purposes, may be identified and communicated with clarity. It is not intended to provide training in valuation techniques but rather to give valuation surveyors, and other users of valuations, a general understanding of the matters that need to be taken into account. Uncertainty is a feature of investment in real estate regardless of geographical location. Although this guide has been written from a UK perspective, with examples based on UK investments, the fundamental principles are universal. Uncertainty as a concept does not vary and this guide can be applied to investment properties in all markets around the world.
This guidance is based on health and safety law in Great Britain, which covers England, Wales and Scotland. This guidance is for RICS members and other professionals involved with the property industry and for this reason the term 'property professional' has been used throughout. This guidance seeks to consider health and safety responsibilities at both a corporate level (whether the organisation is large or small), and at the level of the individual property professional. It covers property-related businesses and identifies the moral, ethical and practical issues that confront property professionals everywhere, in all the work that they undertake. Appropriate management of health and safety is a requirement for all organisations, including property-related businesses. The requirement for such management has been put in place in many countries across the globe and across industry sectors and governmental organisations, in order to protect individuals from harm. Such harm, when it does occur, is a very personal matter (as in consequences to the injured and those responsible), whether it affects an individual or many people. Property professionals must recognise and accept their individual responsibilities to manage and control health and safety related risks. The consequences of not meeting individual and corporate responsibilities can also have a devastating effect on the way that an individual is perceived by managers, colleagues, family and friends, as well as detracting from the reputation of the organisation as a whole.
Part L: Conservation of fuel and power
In October 2010 Part L of the Building Regulations (the energy and carbon compliance documentation) was revised. This information paper looks at the requirements for compliance with the energy and carbon sections.
Defining completion of construction works
This guidance note is intended to summarise the principal features of completion of construction works under a variety of construction contracts. It is intended to be of use to surveyors who are certifying, or providing services in consequence of or in relation to, completion of construction works.
Mining Waste Directive 2006/21/EC
This guidance note is intended to explain the background to the MWD and give a broad overview of its implementation in England and Wales. It should not be relied upon as an interpretation of the law.
Cash flow forecasting
This guidance notes summarises what cash flow forecasting is, how to produce a useful forecast and how to then use the forecast to assess progress on site as well as other issues, and to assist both employers and contractors to analyse actual expenditure against forecast expenditure. For the purposes of giving guidance the client is referred to as the 'employer' and the main contractor as 'contractor'. However, much of the guidance can equally be applied to a contractor/sub-contractor or supplier arrangement. This guidance note generally gives guidance on the cash flow of construction contracts (project cash flows) and not specifically for the cash flows of companies (organisational cash flow), although there are many principles that do overlap.
Mineral-bearing land and waste management sites
This guidance note identifies additional matters that the valuer needs to take into account when applying the principles of VS 3, Basis of value, in the RICS Valuation Standards - Global and UK (the 'Red Book'), 7th edition (2011), to the valuation of natural resource wasting assets, such as mineral deposits and waste disposal sites. Since mineral deposits exist globally, the valuer should have regard to the requirements of different states and possibly the international market price for the mineral being valued. In some instances the valuation could result in a negative value.
Cost analysis and benchmarking - UK
This guidance note summarises the purpose and process of both cost analysis and construction project benchmarking. It is based on current practice within the UK and covers the general principles applying to each operation. It does not seek to cover every approach to cost analysis or benchmarking but looks at the subject areas from a practical aspect. In addition, while the processes of cost analysis and benchmarking are applicable to the whole life costs associated with the construction and operation of a building, this guidance note considers capital cost only. The principles covered may, however, also be applied to costs in use. This is part of the 'Black Book'.
Blue Book 4th edition - October 2010
The RICS Residential property standards (the 'Blue Book') is the definitive set of standards for all agents involved with sales, lettings and management of residential property. The standards have the same status as an RICS guidance note and follow the workflow of an estate agent to set out mandatory requirements and recommended best practice guidelines. This 4th edition of the Blue Book (published October 2010) is based around the principles of the Property Standards Board Consumer Charter for Residential Property Transactions. Part 1 explains the principles underpinning the Charter and Part II provides guidance to assist estate agents in complying with the principles in all aspects of their work. These standards provide a summary of the relevant legislation which is expressed in terms applying to England and Wales. As a result, there are some generalisations. Those who require greater detail and/or terminology relevant to Scotland will need to refer to the Estate Agents Act 1979, the Property misdescriptions Act 1991 and the Regulations and Orders themselves.
Sustainability and residential property valuation
This information paper (IP) aims to help valuers consider sustainability issues and their implications when undertaking valuations of residential property in the UK. It includes reference to the main UK legislative and regulatory provisions that impact, or are considered likely to impact, residential value, and points to areas of future legislation of other potential significance. It details environmental factors including energy, waste, water and flooding, together with social factors such as accessibility and health and wellbeing. In addition, information is provided on how these and other factors may influence the value of residential property through design, construction or the ongoing occupational or investment demand for the asset.
SMM7 Measurement Code Appendix 4 example pages
The example pages show just one method by which co-ordination between bills of quantities and specifications can be achieved, i.e. by Work Section reference, e.g. F10, and Spec(ification) clause references in the secondary headings.
Damages for delay to completion
This guidance note introduces the subject of damages for delay to completion by looking at the general principles including areas such as law; reasons for introduction within a contract; amounts of damages, and how sums are deducted, certified or released. The guidance note then focuses on how the standard forms of contract deal with damages. A list of the contracts reviewed is included within the table of contents. For liquidated damages this includes how amounts are inserted in the contract and how this is to be deducted or certified. The guidance note concludes with a review of common issues and commonly occurring problems.
Subsidence in relation to insurance claims
This guidance is for RICS members and other professionals involved with subsidence claims. The key areas considered are the causes of subsidence, heave and landslip, the causes of other building fractures, policy cover details, handling a subsidence claim, recoveries and contribution, relevant voluntary agreements.
Rare earth metals
This information paper describes the importance and increasing scarcity of rare earth metals - little known but highly significant to renewable energy, lighting, transportation and urban development. Examined from a point of view highly relevant to RICS members and other property professionals operating within the UK, the paper also highlights potential issues arising from a global shortage. The scale of the problem is explored in the context of the increased urbanisation of several global regions and the mounting pressure to extract these resources through mining, with considerable environmental implications. As chartered surveyors have a role in seeking out materials, products and technologies, developing and implementing strategies to minimise the loss of these materials and extending their life and recovery remains vital.
Guidance on negotiating options and leases for renewable energy schemes
This guidance note is intended for use within the UK and is essential reading for all RICS members who are asked to advise in relation to renewable energy schemes. Its aim is to provide a base level of guidance on the negotiation of options and leases for onshore renewable energy schemes and to prompt consideration of the issues to be taken into account by surveyors acting on behalf of landowners or developers in relation to potential schemes. The guidance note outlines the likely parties to be involved and considers the possible structures of the various agreements and the processes that may be followed. The main emphasis is an outline of the terms which might be negotiated and included in such agreements and an outline of the structure for rental payments and further considerations which may be applicable.
Condition Report practice note
A new addition to the RICS Home Surveys family, the RICS Condition Report offers a concise overview of the condition of a property, complementing a mortgage valuation.
Blue Book 5th edition, October 2011
The RICS Residential property standards (the 'Blue Book') is the definitive set of standards for all agents involved with sales, lettings and management of residential property. The standards have the same status as an RICS guidance note and follow the workflow of an estate agent to set out mandatory requirements and recommended best practice guidelines. This new edition of the Blue Book incorporates the global Real estate agency and brokerage standards (RICS, 2011), which are set out at the beginning of each section of the guidance. Further details provide specific guidance for estate agents practising in the UK. This marks a significant step in the standardisation of services offered by estate agents around the world and the key role that RICS is playing towards ensuring these standards are upheld for the benefit of the public. The guidance also sets out all the legislative and regulatory documents that have an impact on the home buying and selling process, and presents in a clear and logical sequence how agents should conduct their business. This new edition covers sales and lettings, and has a new section on residential property management. Please see the addendum for amendment updates made in May 2012 for the Blue Book, 5th edition. Please also see the June 2013 addendum. Due to the expectation that the Property Misdescriptions Act 1991 will be repealed later in 2013, and the uncertainty this introduces, RICS has decided to delay publication of a new edition of the Blue Book pending this repeal. This addendum seeks to provide interim guidance until the legislative changes around consumer protection are better understood and more detailed, definitive guidance can be provided.
Commercial property management in England and Wales
Management is about achieving defined objectives that should be agreed with the client at the outset of each instruction, particularly the provision of quality services which are value for money. This guidance note is principally concerned with how the person(s) in control of a building should act and, in particular, how they manage, communicate and control income and expenditure while minimising the various associated risks. Managers should at all times seek to comply with the principles set out in this guidance note. While this guidance note refers principally to the management of multi-let properties, the principles can be applied to the management of all types of commercial property.
RICS UK Commercial Real Estate Agency Standards, 1st edition
These standards aim to help improve standards in the commercial property sector by raising public and professional awareness alike. By setting out clearly the duties of real estate agents and the scope of the services offered, it is hoped that the guidance will increase awareness of what constitutes best practice in this sector. Please see the addendum for amendments made in May 2012 to RICS UK Commercial Real Estate Agency Standards, 1st edition.
Executiewaarde en gedwongen verkoopwaarde
This guidance note - Executiewaarde (execution value), foreclosure values and forced sales in the Netherlands - is presented in Dutch and English.
FRVS 1 Evaluations pour les OPCI
2011. This valuation standard - FRVS 1 Valuations for OPCIs - is presented in French and English.
Conflicts of interest
A guidance note concerning the appointment of surveyors as arbitrators, independent experts, mediators, adjudicators and other dispute resolvers. Based upon the law and practice in England, Wales and Northern Ireland, this guidance note provides advice to surveyors who are appointed to resolve disputes, either by the President of RICS ordirectly by the parties to a dispute, on dealing with conflicts of interest and involvements. It also seeks to inform the disputing parties and others involved in the dispute resolution process as to the relevant considerations and the procedures likely to be followed.
Comparable evidence in property valuation
Covering most types of real estate asset, this information paper discusses the use of comparable evidence in property valuation and aims to outline the principles of comparable evidence use, encourage consistency in its application worldwide, address issues of availability and the use of comparable evidence under challenging market conditions and consider the potential sources of comparable evidence. This information paper also discusses the use of comparable evidence in different circumstances and markets, whether volatile or inactive, as well as in developing markets, where comparable evidence is often more difficult to obtain and less familiar to valuers. Although applicable to land and buildings used for commercial, industrial, residential, agricultural and associated purposes, this publication does not cover the use of comparable evidence in the valuation of plant and equipment. Business assets or personal property are also outside the scope of this information paper, however, many of the principles described may be relevant to these types of asset.
Red Book 2012: RICS Valuation - Professional Standards
The Red Book 2012: RICS Valuation - Professional Standards were effective from 30 March 2012. The current Red Book edition is now the RICS Valuation - Professional Standards January 2014, which took effect on 6 January 2014. RICS Valuation - Professional Standards - Global and India edition reproduces the 2011 guidance notes that were developed specifically for the India market, with minor updates to references. These include guidance on valuation for financial statements and secured lending, as well as for taxation purposes. Detailed guidance is also given on the valuation of development land, for those providing valuation services in India.
Red Book, 6th edition effective 01/01/2008 - Translations
RICS Valuation Standards (The Red Book) contains mandatory rules, best practice guidance and related commentary for all RICS members undertaking valuations of property, plant and equipment. The content of the Red Book is supervised by the RICS Valuation Standards Board (VSB). The Red Book includes global valuation standards and guidance applicable to all RICS members worldwide, along with standards and guidance for valuation in the UK. Translations include: Chinese, (6th edition) effective January 2008 Dutch, (6th edition) effective January 2008 French, (6th edition) effective January 2008 German, (6th edition) effective January 2008 Italian, (6th edition) effective January 2008 Russian, (6th edition) effective January 2008 Spanish, (6th edition) effective January 2008
Managing the design delivery
The guidance examines design delivery management (DDM) in the particular context of construction projects, situating it as a key process that connects the various aspects of the construction value chain. DDM is explained as an essential link between response to the client's needs and the construction process, which brings that response into reality as a building, structure or facility.
Japanese Knotweed and residential property
This information paper aims to help residential practitioners consider the implications of a Japanese Knotweed infestation on or near a dwelling, when undertaking valuations and surveys of residential property in the UK. Importantly, the paper sets out a framework for objectively assessing and reporting the risk posed to a property by the presence of Japanese Knotweed, helping home-owners, purchasers and lenders to make balanced and informed decisions.
Real estate agency and brokerage standards - translations
The RICS Real estate agency and brokerage standards provide best practice guidance for real estate agents and brokers in all world regions. Their purpose is to ensure that clients receive objective advice, delivered in a professional manner that is consistent with internationally recognised standards. The standards set a framework for best practice in the execution and delivery of real estate agency services, subject to specific local legislative requirements and local market specifics. The standards offer generic guidance applicable to commercial, residential and rural transactions, including sales, acquisitions, leasing and letting. The guidance underpins the Real Estate Agency Code and its core principles and also provides guidance that will help to meet relevant laws and ethical codes in all world regions. Translations include: French; Dutch; Simplified Chinese; Italian; Polish; Spanish.
Red Book 2012: RICS Valuation - Professional Standards - translations
The Global and UK valuation standards are effective from 30 March 2012. This edition of the Red Book incorporates a number of changes to the existing standards to make them fully compliant with the new International Valuation Standards (IVS). Published in July 2011 and taking effect from 1 January 2012, the IVS is adopted and, in some instances, supplemented by the RICS standards. To assist users, the whole of the IVS 2011 is reproduced in its entirety as an annex in both hard copy and digital versions.
New rules of measurement
The RICS new rules of measurement (NRM) suite of documents provides a standard set of measurement rules that are understandable by anyone involved in a construction project. Although principally based on UK practice, the need for a coordinated set of rules and underlying philosophy behind NRM has worldwide application. The NRM suite comprises 3 volumes. NRM 1: Order of cost estimating and cost planning for capital building works The first edition, NRM: Order of cost estimating and elemental cost planning, published in February 2009, but several factors prompted a second edition. The opportunity was also taken to simplify and augment certain aspects of the rules. The second edition is effective from 1 January 2013. NRM 2: Detailed measurement for building works This first edition of NRM 2 is effective from 1 January 2013. It replaces the Standard Method of Measurement for Building Works (SMM), its latest version being SMM7. NRM 3: Order of cost estimating and cost planning for building maintenance works NRM 3 provides essential guidance on the quantification and description of maintenance works for the purpose of preparing initial order of cost estimates during the preparation stages of a building project, elemental cost plans during the design development stages (pre-construction) and detailed asset-specific cost plan (post-construction) and throughout the in use phases of a building project or facility.The guidance provided by the rules also aids the procurement and cost control of maintenance works. NRM 3 is effective from 1 January 2015.
This guidance note introduces the subject by looking at the general principles of retention, including areas such as law; reasons for introduction within a contract; levels of retention, and how amounts are deducted, certified or released. The guidance note then focuses on how the standard forms of contract deal with the issue. A list of the contracts reviewed is included within the table of contents. This paper reviews methods and limits of deduction, inclusion of the retention amount to be included within the contract, release and set off against sums held. This guidance note concludes with a review of common issues including areas such as commonly occurring problems; financing; insolvency, and defects rectification. Guidance is given for each of the main groups of contracts and the forms in most regular use within those groups, under the following headings, which map to the Assessment of Professional Competence (APC): General principles (Level 1 - Knowing), Practical application (Level 2 - Doing), Practical considerations (Level 3 - Doing/Advising).
Conflict avoidance and dispute resolution in construction
This guidance note summarises what is meant by conflict avoidance and dispute resolution. It identifies the key issues that all surveyors should understand in respect of these distinct substantive areas. It cannot cover every issue or every technique for avoiding disputes, nor can it cover the wide-ranging issues that relate to dispute resolution, the applicable rules or strategies that might be adopted. Guidance is given in respect of conflict avoidance processes and dispute resolution techniques that are encountered within the industry under the following headings, which follow the Assessment of Professional Competence (APC): General principles (Level 1: Knowing), Practical application (Level 2: Doing), Practical considerations (Level 3: Doing/ Advising).
Facilities management information and data management information paper
1st edition, information paper Facilities management organisations recognise the value that management information can bring to the effectiveness of their businesses. Written for those operating at both the operational and strategic level of facilities management, this information paper aims to provide an outline to help client side facilities management organisations to generate, analyse, use and report on management information to the benefit of the host organisation.
Valuation of renewable energy installations
This information paper addresses the capital and rental valuation of freehold and leasehold landed interests for sites where a significant part of the value arises, or might arise, from the potential to generate renewable energy - principally electricity. This information paper is primarily concerned with the valuation of developments undertaken on a large scale for the regular production of energy for sale.
Valuation of independent healthcare properties in the UK
Originally published as Valuation Information Paper 11, the second edition information paper is concerned with the valuation of independent healthcare properties comprising nursing and residential care homes in the UK.
Inclusion, equality and the built environment: a glossary of terms
This information paper aims to provide students, practitioners and members with definitions of terms regularly used in association with disability, inclusion and equality within the built environment sector. The glossary is UK based and gives a general introduction to medical and legal terms. It is not the intention to provide a list of all medical terms related to disability/impairments, but rather an outline of some of the more common terms.
Valuation of residential property in Ireland
Valuation of residential property in Ireland is part of the RICS Valuation - Professional Standards ('Red Book' 2012). This is the latest regional Red Book valuation standard accompanied by two appendices. This standard is jointly published with the Society of Chartered Surveyors Ireland (SCSI). Effective from May 2012.
RICS professional guidance defined
RICS produces a range of professional guidance and standards products. These are documents that are established by consensus, and approved by RICS, and that provide users with common and repeatable rules or guidelines to assist them in achieving and maintaining the highest levels of professionalism.
Sports ground certification
This guidance note will assist practitioners to gain an understanding of the legislative framework by which reasonable levels of safety at sports grounds can be achieved. It will also be useful for people involved in the process, in local authorities and the associated services (e.g. safety officers, event organisers, fire service, ambulance service and the police). Sports grounds are places where some of the greatest dramas are played out in front of audiences worldwide. It is the duty of sports grounds practitioners to ensure those dramas are limited to the sport and not associated with disaster and loss of life.
Red Book 2012: RICS Valuation - Professional Standards - application in the United States
This guidance note provides assistance to RICS members on the application of the the Red Book 2012 to valuations that have to be provided in compliance with U.S. jurisdiction.
Financial viability in planning
Financial viability has become an increasingly important material consideration in the planning system. While the fundamental purpose of good planning extends well beyond financial viability, the capacity to deliver essential development and associated infrastructure is inextricably linked to the delivery of land and viable development.
Methodology to calculate embodied carbon of materials
To date, most of the focus on reducing carbon emissions from the built environment has been to manage and reduce the energy consumption from lighting, heating, ventilation and air conditioning of buildings through better design and management in use. The aim of this information paper is to provide practical guidance to quantity surveyors on how to calculate cradle-to-gate embodied carbon emissions associated with their projects in the UK. The QS can offer this advice as part of the standard cost planning service, which should help the project teams and clients make decisions about embodied carbon.
Managing mixed use developments
This guidance note, published in September 2012, addresses the issue of managing mixed use buildings and estates, i.e. those with a mix of commercial and residential units; most specifically, long leasehold residential flats. Relevant to properties in England and Wales, this document is based upon two previous RICS papers: Managing mixed use developments (2009) and Apportionment of service charges in mixed use developments (2009). Managing mixed use developments (2009) is an information paper written to address the issues of mixed use buildings - those with a mix of commercial and long leasehold residential flats.
RICS Building Survey practice note
The RICS Building Survey is the premium product in the RICS Home Survey range. Clients who want a clear, impartial and detailed assessment of any type of property will choose it, and their expectations will be higher than that for the RICS HomeBuyer and Condition Reports.
Daylighting and sunlighting
This guidance note is about daylight, sunlight and shading and, to a lesser extent, how it is dealt with in the design, planning, and environmental impact assessment of developments, and particularly in relation to the Building Research Establishment Report: Site layout planning for daylight and sunlight 2011, which sets out the standards and methods of calculation most usually relied upon by local authorities when assessing planning applications. Surveyors advising on daylight and sunlight need to ensure that they are familiar with that document and with the planning policy of local authorities to whom reports are to be submitted.
RICS Rules of Conduct
The RICS Rules of Conduct provide a framework within which members and regulated firms offer and deliver their services. They are designed to represent a transparent system of conduct and regulation. The RICS Rules of Conduct are short and principles based. The rules are mandatory for all RICS members, students and trainees, and all RICS regulated firms. They came into force on 4 June 2007, but have since been revised. The previous rules, issued in 2004, are provided here for information purposes only. For further regulatory guidance, see the relevant policies and help sheets
Farm stocktaking valuations
Farm stocktaking valuations are required in order to assess the closing stock value, and thereby the proper profits or losses of a farming business, for inclusion in financial statements. The aim of this information paper is to assist members providing farm stocktaking valuations to correctly confirm instructions and prepare reports to clients that are Red Book compliant, so as to ensure the highest standards of professionalism and clarity.
RICS Short Form of Consultant's Appointment (Northern Ireland)
The RICS Short Form of Consultant's Appointment is appropriate where the services and project are more straightforward. The default positions in the Appointment Forms provide a practical balance of risk between the client and consultant, removing any ambiguity about the consultant's scope of service and contractual liabilities. This version is updated in line with the Construction Contracts Exclusion Order (Northern Ireland) 2012.
Vertical aerial photography and digital imagery
By advising on best practice, this guidance is intended to assist all those connected with the request, purchase and production of surveys and mapping material. Recognising the shift in demand from panchromatic film towards the increasing use of digital cameras and sensors, this document is intended for use in drawing up clear ‘specifications’ for aerial photography and digital imagery, obtained directly from digital cameras and sensors or derived from analogue aerial photography using digital scanners.
ARCHIVED: Valuation of intangible assets
Formerly published as a stand-alone guidance note, this is now included in the RICS Red Book 2014, effective from 6 January 2014.
ARCHIVED: Valuation of businesses and business interests
Formerly published as a stand-alone guidance note, this is now included in the RICS Red Book 2014, effective from 6 January 2014.
Licence for alterations in commercial property
This guidance note will be most relevant to surveyors dealing with tenant applications to make alterations at offices and industrial properties in England and Wales.
TUPE: Information for property managers
Members should be aware that the government is currently consulting about material changes to TUPE 2006 with a view to introducing changes towards the end of 2013. The purpose of TUPE is to provide employment protection on the transfer of a business from one individual to another or a change in responsibility for a contracted out service. In applying it, employment tribunals generally adopt what they call a ‘purposive’ approach, which effectively means they interpret TUPE to protect employees in line with the social objectives of the European ARD.
Valuation of land for affordable housing Scotland
In Scotland, a valuation of land for affordable housing can be required for several reasons, including: advice for loan security, acquisition, sale, evaluation of options, planning purposes, compulsory purchase, taxation and development appraisal for grant purposes. This guidance note aims to inform the valuer’s approach to the valuation of land for sites in Scotland where there is a requirement to provide affordable housing or where the provider of affordable housing is seeking grant finance from the Scottish government.
Sustainability: improving performance in existing buildings
This guidance outlines a road map for integrating sustainability into existing buildings and aims to assist building surveyors in explaining the appropriate options available to clients.
Construction sectors and roles for chartered quantity surveyors (1st edition)
This information paper summarises what is meant by the construction sectors before going on to review the various roles for the chartered quantity surveyor within the UK construction industry.
Appointing a project manager
The aim of this publication is to provide practical advice and guidance to individuals and organisations involved in the commissioning or procurement of project management services as well as RICS members in England and Wales undertaking the role of project manager in relation to building works contracts. The role of the project manager covers a wide range of possible services and projects from the smallest residential scheme through to larger infrastructure projects. The responsibilities of the project manager will be defined initially by the professional appointment under which they are employed and then by the form of building contract used for the works.
Developing a construction procurement strategy and selecting an appropriate route
This first edition guidance note discusses construction procurement routes and the development of a procurement strategy. The guidance aims to help professionals choose an appropriate route, setting out their advantages and disadvantages. This guidance note is part of the 'Black Book'.
Construction security and performance documents
This first edition guidance note reviews security and performance documents normally associated with a construction project, noting the main types of document, the parties to them, their purpose and general terms. This guidance note is part of the 'Black Book'.
Design and specification
This first edition guidance note provides professional practitioners with best practice guidance relevant to the tasks and processes of design and specification for small to medium-size construction projects.
Termination of contract, corporate recovery and insolvency
This first edition guidance note reviews termination of contract, corporate recovery and insolvency primarily from the perspective of a chartered surveyor with a commensurate level of specialism. It also deals with the main issues encountered in and associated with a construction project. Generally, the guidance note advises on the issues and also suggests when further specialist assistance may be required either legally or technically. This guidance note is part of the 'Black Book'.
This first edition information paper examines communications in an industry context, covering how clear, consistent communication via different media enables stakeholders to play their part in delivering a successful project. Some of the topics addressed in this publication include: - stakeholder management; - communications strategy; - communications plans; - communications vehicles and channels; and - project identity and brand.
Cost analysis and benchmarking - Global
This first edition guidance provides a summary of the purpose and process of both cost analysis and construction project benchmarking. The purpose of this guidance note is to ensure consistent practice, delivered in a professional manner that is in line with internationally recognised guidance. This guidance note is part of the 'Black Book'.
Capital allowances and land remediation relief
This first edition guidance note introduces surveyors and other professionals to the subjects of capital allowances and land remediation relief in a UK context. This guidance is part of the Black Book.
Ska rating: good practice measures for offices version 1.2
Ska rating for offices version 1.2 comprises 109 good practice measures covering energy, materials, pollution, project delivery, transport and waste.
Analysis of commercial lease transactions, Hong Kong (1st edition)
The analysis of comparable transactions and the effect of the value of incentives is only one part of the process of considering the value of a specific property. There is no single correct approach to analysis and no 'right' answer. Methods may vary depending on the circumstances of individual cases and market practices in different areas and sectors. Changing markets can mean that an approach adopted previously may no longer be appropriate. This is particularly so in Hong Kong, which also has its own distinctive characteristics of deal structure and length of leases, which necessitates unique guidance in the form of these notes.
Sustainability in existing buildings, Europe (1st edition)
Clients are increasingly striving to achieve the standards set for sustainability in new buildings when commissioning works to improve the sustainability of existing buildings, despite both the technical and economic constraints presented. Sustainable buildings are resource-efficient throughout that building's life-cycle: from location, design, construction, operation, maintenance, renovation, and demolition, and aim to complement the classical building design concerns of economy, utility, durability, and comfort.
Red Book 2014: RICS Valuation - Professional Standards January 2014
The RICS Valuation - Professional Standards January 2014 are effective from 6 January 2014. To assist users, the whole of the IVS 2013 is reproduced in its entirety as an annex in both hard copy and digital versions. The Red Book is issued by the RICS Valuation Professional Group as part of its ongoing commitment to promote and support high standards in valuation delivery. It is mandatory for RICS members undertaking valuation services, but will also be a useful reference work for valuation users and other stakeholders. A correction was issued in December 2013.
Assoc pathway guides: Construction
The official RICS Associate pathway guides contain details on the Associate assessment, the mandatory competencies and the technical competencies specific to the pathway. Construction pathways include: - Building control - Building surveying - Project management - Quantity surveying and construction
Assoc pathway guides: Property
The official RICS Associate pathway guides contain details on the Associate assessment, the mandatory competencies and the technical competencies specific to the pathway. Property pathways include: - Commercial property management - Facilities Management - Residential survey and valuation - Real estate agency - Residential property management - Valuation
EUGN 1: EU directives and regulations relevant to valuation
This guidance note draws valuers’ attention to the need for particular care when undertaking valuation work on which various EU directives and regulations may impact. It is essential that the work is undertaken in the light of knowledge of the existence of the directives or regulations, as the case may be, and with an understanding of how they are to be implemented in individual Member States. Care must also be taken to ensure that valuation reports draw attention to any aspects of the directives or regulations – or, more particularly, their implementation – of which the client needs to be aware in order to understand and use the report for its intended purpose.
RICS Regulation PII guidance on Risk, Liability and Insurance in Valuation Work
This guidance, developed by RICS Regulation, aims to make valuers aware of, and be better informed about, the main risks and liabilities associated with negotiating valuation contracts with clients. By understanding key legal concepts and risk areas, valuers will be in a stronger position to negotiate with clients and avoid major risks and pitfalls. The risks, liabilities and insurance concepts in valuation work are complicated. After considering this guidance, valuers may decide to take advice on specific aspects of practice from their insurance brokers and from legal advisers. This document should assist valuers in doing so.
Strategic facilities management
This guidance note has global application and provides practitioners with operational pointers to best practice in the management of facilities, while exploring the depth of the facilities management discipline and the advantages to organisations which position the facilities role appropriately within their corporate structures.
Defects and rectifications
Aimed at construction professionals who manage defective construction work or those who have to address the consequences when it occurs.
Successful business diversification for surveyors
Whatever your own situation may be, there has rarely been a more appropriate time to consider the future. Recent government-led initiatives look set to rejuvenate the dormant UK housing market; major infrastructure projects are in the pipeline (even if the specifics are yet to be finalised); and ‘green’ investment is once again grabbing the headlines. This knowledge paper aims to be a source of comfort to the worried and an inspiration to those who are tempted by the challenge. It offers general guidance, proof that diversification can be beneficial both financially and professionally, and links to further information.
Automated valuation models (AVMs), 1st edition
This information paper is intended for RICS members and others including lenders and similar institutions and considers the use of Automated Valuation Models (AVMs) in the UK.
APC Adaptation route – Applicant guidance
RICS offers this route to membership to give applicants recognition for relevant experience. If you have been working in the surveying sector, you may have been gaining the competencies you need for professional practice. RICS recognises that the longer your experience, the shorter the period of structured training needs to be.
Associate Assessment - Assessor Guide
RICS Associate is a high-value grade of membership in its own right. It also provides a stepping stone to advance to full professional qualification (MRICS). It is gained by submitting written work which demonstrates the candidate’s knowledge and understanding, work experience and structured development. As an assessor, you are responsible for ensuring that only those with a demonstrated level of competence can achieve the qualification.
Associate Assessment - Candidate Guide
The RICS Associate qualification is about demonstrating competence for a specific role. To achieve the qualification you need to provide written material described in this guide, which we will assess. You will also complete the online RICS ethics module and test.
Associate Assessment - Mentor Guide
A colleague or member of your team is working towards RICS Associate qualification (AssocRICS). S/he would like you to act as a mentor. This guide will help you understand the qualification and your role as a mentor.
Associate by Experience - Candidate Guide
RICS Associate is a high value grade of membership in its own right. It also provides a stepping stone to advance to full professional qualification (MRICS). It is gained by submitting written work which demonstrates the Candidate’s knowledge and understanding, work experience and structured development. To be eligible for Associate by Experience, you must be a well established practitioner who has at least 10 years surveying related experience and acted in a supervisory role.
Professional Experience Route - Assessor Guides
To be eligible for Professional Experience Route membership a candidate must have a degree (in any subject) or a graduate-level professional qualification and a minimum of 5 years’ relevant experience. As an assessor, you consider the applicant’s written evidence against the competency requirements for the chosen pathway, and perform a gap analysis.
Professional Experience Route - Proposer and Sponsor Guide
Before they can join RICS, applicants have to identify a proposer. As proposer you must be willing to support the application and confirm, to the best of you knowledge, that the information provided by the applicant within the application form is correct.