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First RICS Regulated Firm in Americas Completes Full Onsite Audit

Grand Cayman, Cayman Islands, 9th December 2013 – BCQS International, the leading Property and Development Consultancy of its kind in Latin America and the Caribbean, and the first RICS Regulated firm in the Americas recently completed a full onsite RICS audit.

RICS (Royal Institution of Chartered Surveyors) is the world's leading professional body for qualifications and standards in land, property and construction. RICS Regulation monitors, guides and assists members and firms to comply with rules, regulations and ethical standards. As part of the RICS Valuer Registration, RICS visits Registered Valuers to inspect processes in place and assess the quality of work being undertaken to ensure compliance with best practice.

When asked about the recent RICS audit, BCQS International Director, Jeremy Superfine said, "The audit process has been rigorous and thorough. We're better for being audited and are pleased to get recognition for the quality of reports and service we offer all major banks and clients in the Caribbean." Adding, "When you are seeking to commission surveying services look for firms that are 'Regulated by RICS'."

Michael J. Zuriff, Manager of Regulation for RICS Regulation - Americas, comments, "We are pleased that BCQS International continues to welcome transparency and cooperated with us fully during this audit. RICS takes a risk based approach to enforcing standards. Our approach ensures that the firms audited get professional guidance on any areas where they can improve standards, and provides confidence to their clients that they are receiving quality assured professional services."

Michael McGrath, RICS member and Head of Valuations for BCQS International states, "We found the audit process led by Graham Stockey, Principal Surveyor of the RICS to be extremely beneficial in assisting to maintain and enhance our internal procedures in order to continue to provide a high level of reporting to our clients throughout the region. The successful outcome of the audit was a direct result of the professionalism and commitment of our valuation staff and going forward we will continue to implement procedures in order for the company to maintain its position as the market leader throughout the region."

RICS encourages members to register their firms and to publicise them as being 'Regulated by RICS'. The framework of the system is driven by the five rules of better regulation. These are proportionality, accountability, consistency, targeting and transparency. By following the rules of conduct, monitored by RICS Regulation, BCQS can provide further confidence and reassurance to their clients that they have adopted the highest standards of professional dealings.