The IPD Cost Code is an award-winning and established framework for the collection, measurement and analysis of property cost information. Through an off-the-shelf cost categorisation system, it enables property costs to be compared globally, for any type of building, anywhere in the world.

Benefits for users and advisors

The Cost Code has been adapted and implemented by over 100 FTSE companies during the last 10 years. Our recent annual survey of large occupiers identified that in the context of an increasingly turbulent economic climate, cost optimisation is back at the very top of the Real Estate and Facilities Management agenda. Recent analysis from the IPD Occupiers databank also suggests that the UK office sector could save £20-£30 billion per annum (based on 10 million FTE):

• Gain clarity on occupancy costs of all buildings in an estate
• Create internal cost performance targets and track progress over time
• Support the communication of data, information and knowledge to relevant stakeholders
• Enable benchmarking internally as well as against other organisations
• Improve understanding of how the second largest expenditure for Corporate Occupiers is managed
• Assist your organisation in better strategic decision-making in a rapidly changing world

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