News from RICS
Read the latest surveying industry news and keep up with developments within RICS.
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Quantity surveying & construction
News 20 Apr 2018
For discussion
BCIS has been working with the specialist valuation team at Ecclesiastical Insurance Group Plc, to create the Ecclesiastical Heritage Index (EHI).
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Quantity surveying & construction
News 20 Apr 2018
For discussion
Of the most recent projects* analysed by BCIS and published on the BCIS online service, 42% were for private clients and 58% for the public sector.
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Quantity surveying & construction
News 18 Apr 2018
For discussion
The BCIS five-year forecast for the facilities management sector shows maintenance costs rising 16.5% over the next five years, while cleaning costs rise 28%.
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Quantity surveying & construction
News 17 Apr 2018
For discussion
When using BCIS or any published indices it is important to understand how they are calculated. Most of the indices on the BCIS online database have detailed notes and definitions describing their calculation.
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Quantity surveying & construction
News 16 Apr 2018
For discussion
BCIS is forecasting that oil prices in construction will rise by 2% in the year to 4th quarter 2018, then by 3% per annum over the remainder of the forecast period. Oil prices are sensitive to political issues, particularly in the Middle East, which could put sudden upward pressure on prices. Consequently, oil prices are one of the biggest risks to the forecast.
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Latest new 16 Apr 2018
For discussion
As of Monday 23 April 2018, we will be closing our offices at Surveyor Court, Coventry and opening our new offices at 55 Colmore Row, Birmingham.
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Quantity surveying & construction
News 06 Apr 2018
For discussion
BCIS research has highlighted the decline in directly employed maintenance staff in the public sector.
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Quantity surveying & construction
News 05 Apr 2018
For discussion
Housebuilders’ costs rose 4% in the year to 4Q2017 according to the BCIS Private Housing Construction Price Index (PHCPI).
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Commercial property
On 1 May 2018, the RICS Property Measurement Professional Statement 2nd Edition becomes mandatory for all our professionals and regulated firms.
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Matrics
News 
David Keddie MRICS, 29 Mar 2018
For discussion
Each year the Matrics Chairman is given the task of raising £5000 for their chosen charity. This year, I am raising money for the mental health charity MIND.
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Planning & development
New guidance on neighbourhood plan examinations have been published.
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Quantity surveying & construction
News 22 Mar 2018
For discussion
From April 2018 the publication dates for the Price Adjustment Formulae Indices (PAFI), the General Building Cost Index (GBCI), and related series have been revised following a change to the release timetable for data from the Office for National Statistics (ONS).
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Quantity surveying & construction
News 19 Mar 2018
For discussion
The recently tendered contract for the £6.6m Feldon Valley Golf Club development in Banbury, Oxfordshire, consisted of a new hotel, clubhouse extension and refurbishment, and 4Nr 3-bedroom multi-occupancy lodges, together with external works. The project was submitted by Selway Joyce Partnership.
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During the third day at MIPIM, RICS continued its series of events dedicated to the impact of new technologies in the property profession.
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Quantity surveying & construction
News 16 Mar 2018
For discussion
The construction industry generates a wealth of valuable cost data on projects, but most of it is not systematically captured for re-use on future projects.
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Quantity surveying & construction
News 16 Mar 2018
For discussion
Tender prices rose sharply in the first half of 2017, but are expected to fall over the year to Q4 2018. This is against a background of new work output remaining static in 2018, and uncertainty about the effect of Brexit negotiations in the private commercial sector.
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Day two continued to see new technologies at the centre of MIPIM discussions, with Maarten Vermeulen FRICS, RICS Managing Director for Europe presenting the findings of RICS' research paper: “Artificial Intelligence: what it means for the built environment”.
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Quantity surveying & construction
News 15 Mar 2018
For discussion
Resource cost increases for painters and decorators have pushed up rates for this work between 1% and 2% in the past year, while costs for contractors working on domestic extensions and the like have seen rates generally rise by between 2% and 5%.
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Quantity surveying & construction
News 15 Mar 2018
For discussion
Inflation in resource costs for maintenance work has risen between 2% and 5%, however the picture is not the same across all trades.
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Article 15 Mar 2018
For discussion
We're launching the new Inspire programme in April 2018, which will engage with over 9,000 school students in year one - and we need your help to make it a success.
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Day one at MIPIM saw RICS explain how we are leading the debate on the future of the industry on a global scale. Here’s a round-up from the first day.
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Quantity surveying & construction
News 14 Mar 2018
For discussion
Concerns about the availability of bricks and roof tiles are being reported by housebuilders.
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Building surveying
RICS has sent an invitation to selected Alternative Dispute Resolution (ADR) service providers to tender for ADR services covering surveying services such as home buyer reports, building surveys and valuations.
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Quantity surveying & construction
News 
Jeffrey Matsu, 09 Mar 2018
Harnessing the creative energy of tech savvy youth into productive careers in the built environment will help us deliver the industrial transformation that society urgently requires to tackle issues related to the economy, environment and social mobility.
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Residential property
We have jointly produced a new residential mortgage Disclosure Form – alongside UK Finance, the Home Builders Federation and Homes for Scotland - for use during residential conveyancing. It aims to simplify the flow of information to all the key parties involved in the purchase of a mortgage, and improve transparency.