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RICS Introduces New International Building Operation Standard 

BY Realty Plus

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The Royal Institution of Chartered Surveyors (RICS) has introduced a new framework - International Building Operation Standard or IBOS to improve building use, supporting more flexible work and putting people at the centre of decisions. 

The new framework helps organizations collect data on buildings to help meet sustainability and wellness targets. It adds a new dimension – user experience – it goes beyond traditional building performance assessments. RICS will provide organizations an interactive easy-to-use framework, supported by an assessment tool, to measure and benchmark building performance, by collecting consistent data to satisfy the latest needs of occupiers, investors, advisors and end users. 

The standard, which is supported by commercial and public sector organizations as well as service providers and existing certifications such as WELL and Wired, is the first of its kind globally, to deliver a consistent approach to help organizations assess and improve their building’s performance in such a broad way. It will provide data on buildings with people at the centre of future decision making and help embed ESG into real estate strategy. 

Paul Bagust, Head of Land and Property Standards commented, “The way buildings are used is changing. Environmental concerns have come to the fore; attitudes to health and wellbeing are evolving rapidly; expectations of the workplace are far more sophisticated. 

“We must take a broader approach to decision making in the way we use property. IBOS will address how organizations work with their buildings by creating consistency on cost elements for workspace, people and technology to optimize the value for all concerned. The standard will be supported by a free self-assessment tool in the first half of 2022, which allows firms and organizations to understand how their building is currently performing, providing simple results which will help influence future business decisions.”

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Tags : RICS New International Building Operation Standard  The Royal Institution of Chartered Surveyors