The development of large infrastructure projects, such as the HS2 rail line, has placed compulsory purchase orders (CPOs) at the forefront of national discussions. The exercise of CPO powers can significantly impact the homes, livelihoods, and businesses of those affected, making it essential for surveyors to adhere to strict professional standards.
RICS has updated its professional standard, Surveyors advising in respect of compulsory purchase and statutory compensation to ensure it remains relevant and fit for purpose in this complex and evolving sector.
The standard sets out 21 mandatory professional behaviour and competence expectations of RICS members working in this field, ensuring best practices are upheld consistently by RICS professionals across the UK, with principles that resonate globally.
This professional standard applies:
Following publication of the 2nd edition of this standard there have been some queries regarding application of RICS standards to members working in-house. Note that this standard applies equally to members advising both internally and externally.
For the purpose of clarity following queries from some members, please note that in common with all other RICS professional standards, this professional standard applies without regard to the employment status of RICS members. For example, it applies whether RICS members are employed by an acquiring authority, their partner or a claimant, or advising or acting on behalf of a claimant or acquiring authority where there is use of compulsory purchase powers or where the use of such powers is contemplated.
This standard is effective from 23 December 2024
Published date: 19 September 2024
Published date: 15 April 2024