RICS Draft Guidance Note: Planned preventative maintenance of commercial and residential property, 1st edition

Planned Preventative Maintenance, RICS guidance note, 1st edition

Glossary and list of abbreviations

ACMs

Asbestos containing materials. Also confusingly refers to aluminium composite material cladding in the UK.

ACPs

Aluminium composite panels, a term widely used outside the UK.

BREEAM

Building research establishment environmental assessment method.

Condition survey

A standalone assessment of the physical condition of a property at a point in time.

CCTV

Closed-circuit television.

Commercial property

Any land or buildings being operated as a business. Commercial property can be subdivided into:

  • offices
  • retail
  • industrial (manufacturing, storage, logistics)
  • leisure (hotels, recreation, sports, music, arts, etc.)
  • residential (housing portfolios, apartment buildings and complexes) and
  • public sector/infrastructure (education, civic administration, law and justice, health, transport).

While this guidance note is primarily concerned with buildings, the PPM of commercial properties may also include boundary walls, fencing, pavement, access roads and drainage associated with commercially operated land.

Dilapidations (or equivalent)

The practice of resolving the making good of property once a tenant has vacated.

DPC

Damp proof course.

EPC

Energy performance certificate.

HVAC

Heating, ventilation and air conditioning.

IFSS

International Fire Safety Standards.

LEED

Leadership in energy and environmental design.

M&E

Mechanical and electrical.

O&M

Operation and maintenance.

PII

Professional indemnity insurance.

PPE

Personal protective equipment.

PPM

Planned preventative maintenance.

Residential property

Private dwelling houses or flats within apartment buildings, irrespective of size. These may be owner-occupied or the subject of private rental. Where dwellings form the assets of an incorporated company such as an investment portfolio or local authority housing stock, they should be considered and treated as a commercial entity (see Commercial property).

TDD

Technical due diligence.