Business
Surveyor Hails New Measurement Standards
A Port Harcourt-
based quantity surveyor, Mr Chubundu Udom, has applauded the newly introduced measurement standards.
Udom, made this known in his office in Port Harcourt in a chat with The Tide recently.
Udom, who was the former Public Relations Officers of the Nigeria Institute of Quantity Surveyors and Estate Management, stated that the measurement standards which is the International Property Measurement Standard (IPMS) for offices was a welcomed development.
He pointed out that the initiative would bring about transparency and consistency in global real estate markets.
He stated that the IPMS for office buildings which was developed by IPMS coalition (IPMSC), replaced the existing code of measuring practice, as the use of the new document is expected to commence before the end of 2016. He noted that the new system would be applied by all Royal Institute of Chartered Surveyors.
He emphasised that IPMS for office buildings would lead to increasing transparency and consistency across real estate markets, adding that it would be profitable in the management of assets and how investors, corporate sector buyers and sellers make their financial decisions.
He observed that, in the past, properties were measured differently around the world, saying that the inconsistencies led to confusion in the market, which he said led developers to their own measuring processes at high cost.
He expressed optimism that the new development would help bring down the cost of owning a property.
Tonye Nria-Dappa
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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