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 | Oct 26, 2020

New seismic provisions for the National Earthquake Hazards Reduction Program released

The provisions present a set of recommended improvements to the ASCE/SEI 7-16 Standard.

Codes and Standards | Oct 22, 2020

More than 130 building projects have engaged LEED’s Safety First Credits in response to COVID-19

Best practices helping companies develop and measure healthy, sustainable, and resilient reopening efforts.

Codes and Standards | Oct 21, 2020

New technologies and techniques can ‘future-proof’ buildings

Net-zero principles may give buildings longer lives.

Codes and Standards | Oct 20, 2020

Updated AIA Contractor’s Qualification Statement and Warranty Bond documents available

Statement now includes safety protocols and plans, sustainability, and BIM experience.

Codes and Standards | Oct 19, 2020

NEXT Coalition chooses five pilot projects to fight COVID-19 on jobsites

Mobile platforms, wearable sensors, AI video systems among the trial solutions.

Codes and Standards | Oct 15, 2020

Neighborhoods Now offers cost-effective, DIY designs in response to COVID-19 pandemic

Designs include barriers for outdoor dining, sidewalk retail displays, and modular seating for public spaces.

Codes and Standards | Oct 14, 2020

Standard contract document for prefab and modular building released

ConsensusDocs addresses the most common prefabricated construction use-case scenario.

Codes and Standards | Oct 13, 2020

Austin is first major Texas city to adopt wildfire code

New ordinance based on the International Wildland-Urban Interface Code.

Codes and Standards | Oct 12, 2020

Guidance offered for K-12 schools to support students with asthma

Green purchasing policies for cleaning, filters, furniture and other products encouraged.

Codes and Standards | Oct 7, 2020

More energy efficiency programs are encouraging zero-energy projects

At least 20 programs for new construction, major renovations emerge.

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