International Building Operation Standard
A Framework for Assessing Building Performance
The RICS International Building Operation Standard (IBOS) is universally relevant to all types of property, irrespective of scale, purpose or location. It benefits all stakeholders who want to benchmark and improve property performance, but who also need to make smart and informed decisions at the asset or portfolio level
The Five Pillars
Operational property assets are, by definition, acquired and managed to support the core business of an organisation. While it can sometimes be helpful to consider alternative use potential, rental value and similar measures, operational asset performance should be measured using metrics and standards that are different to those recommended for use with an investment portfolio.