flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Investors want building resiliency plans and risk mitigation practices

Codes and Standards

Investors want building resiliency plans and risk mitigation practices

Owners should assess risk, insurance coverage, and ability to withstand disasters.


By Peter Fabris, Contributing Editor | December 9, 2020

Courtesy Pixabay

Real estate investors are increasingly interested in resiliency plans and management best practices regarding the ability of buildings and developments to withstand severe storms and other natural events.

Potential investors want to know about procedures for identifying, mitigating, and disclosing the risks posed by climate change and natural disasters. Investors care about maximizing rent by minimizing risks, and preventative measures are critical, writes Tony Liou, president of Partner Energy, Inc., a provider of energy efficiency consulting services.

Owners can reduce fire risk by cleaning detritus around buildings, and reduce flood damage by relocating mission critical equipment away from flood-prone areas. Such steps can minimize property downtime that would result from expensive and long repairs requiring the property to be vacated.

Owners should conduct an assessment to determine which mitigation measures to adopt based on costs and the business plan. Then they should analyze whether they have adequate insurance coverage for risks that are too costly to mitigate.

Related Stories

Codes and Standards | Aug 11, 2021

Decentralized approach to codes means emissions reduction responsibility falls on local officials

Efficiency advocates focusing more on local code amendments.

Digital Twin | Aug 9, 2021

Digital Twin Maturity white paper offers guidance on digital twin adoption

Provides lifecycle map and an approach for incorporating digital twins.

Codes and Standards | Aug 5, 2021

Contractors can be liable for building failures many years after project completion

Personal injury suits could be brought decades after substantial completion.

Codes and Standards | Aug 4, 2021

Mass timber is a natural choice for building recycling through deconstruction

Designing wood buildings to optimize recovery of materials for disassembly aids carbon sequestration.

Codes and Standards | Aug 3, 2021

Dept. of Energy releases initial version of the Spawn of EnergyPlus software

Targets new use cases in advanced controls, district systems, and grid integration.

Codes and Standards | Aug 2, 2021

Several U.S. cities among most expensive places to build in the world

San Francisco, New York, and Boston head the domestic list.

Codes and Standards | Jul 28, 2021

American Concrete Institute creates new director of innovative concrete technology post

Aim is to attract emerging technologies for development.

Codes and Standards | Jul 28, 2021

Higher ed faces infrastructure backlog of $112.3 billion

Study recommends integrated strategic planning for best results.

Codes and Standards | Jul 27, 2021

Add a wobbly moon to flooding risk factors

Earth satellite’s orbit variations will lead to sunny-day flooding in the mid-2030s.

boombox1
boombox2
native1

More In Category

Government Buildings

OSHA’s proposed heat standard published in Federal Register

The Occupational Safety and Health Administration (OSHA) has published a proposed standard addressing heat illness in outdoor and indoor settings in the Federal Register. The proposed rule would require employers to evaluate workplaces and implement controls to mitigate exposure to heat through engineering and administrative controls, training, effective communication, and other measures.




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021