RICS introduces new framework IBOS – International Building Operation Standard

New Delhi, Feb 15, 2022: 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 organisations collect data on buildings to help meet sustainability and wellness targets
• Adds a new dimension – user experience – it goes beyond traditional building performance assessments  
• 77% of India’s surveying professionals report that they are seeing an increase in demand for more flexible and local workspaces highlighting a need for all-inclusive data led standard

RICS will provide organisations 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.

According to a press release issued by the company, IBOS is set to support organisations in attracting people back to the workplace, by delivering confidence for end users that the building they’re in, is supporting their wellness, and benchmarking success against driving down the commercial sector’s carbon footprint.

The standard, which is supported by commercial and public sector organisations 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 organisations 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.

According to respondents to the RICS Global Commercial Property Monitor, only 56% of respondents in Asia-Pacific believe that there are techniques and practices currently in place to measure the environmental impact of buildings, and those that are in place, need further development. Also, while there is plenty of research on how people and buildings interact, data from the same survey shows 77% of respondents are seeing a rising demand for more flexible workspaces.  As property use changes, and the importance of a healthy work-life balance increases, there is a growing gap for measuring how a building impacts people’s wellbeing and how to attract people back to the workplace, where it is beneficial.

IBOS can be applied irrespective of the type of property or its location. It provides a clear definition of the data that organisations need to capture to create consistency in building operations and benchmarks services to determine the level of performance across the five pillars.

Paul Bagust, Head of Land and Property Standards said, “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 organisations work with their buildings by creating consistency on cost elements for workspace, people and technology to optimise 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 organisations to understand how their building is currently performing, providing simple results which will help influence future business decisions.