flexiblefullpage -
billboard - default
interstitial1 - interstitial
Currently Reading

Investors want building resiliency plans and risk mitigation practices

billboard - default
interstitial1 - interstitial
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 | Nov 30, 2021

Dept. of Energy publishes RFP for technical assistance on supporting better building codes

Addresses advanced standards to reduce energy consumption and GHG emissions.

Codes and Standards | Nov 29, 2021

FAA seeking design of air traffic control towers of the future

Call for design submissions for safe, efficient structures.

Codes and Standards | Nov 28, 2021

Efficient electric water heaters in multifamily buildings significantly reduce carbon emissions

In buildings with 5+ units, water heating uses more energy than space heating, cooling, or lighting.

Codes and Standards | Nov 23, 2021

New York’s Labor Law Section 240 and how it affects general contractors

The ‘Scaffold Law’ was first enacted by the New York State Legislature in 1885 and is one of the single most-used laws in construction accident cases.

Codes and Standards | Nov 22, 2021

ABC’s Construction Technology Report finds focus on solving operational problems

More than half rely on project management software.

Codes and Standards | Nov 22, 2021

Contractors say 811 utility location system has significant flaws

More than half of firms in survey report damages, near misses because lines were unmarked or marked incorrectly.

Codes and Standards | Nov 19, 2021

Creating net-zero/net-positive buildings is top priority in Green Building Trends 2021 report

Findings also demonstrate compelling business case for building green.

Codes and Standards | Nov 19, 2021

Construction Startup Competition 2021 awards highlight tech innovations

AI-powered software to identify and explain critical issues in construction contracts takes top prize.

Codes and Standards | Nov 18, 2021

Infrastructure bill contains $5 billion for energy efficiency in buildings

Wide range of programs to reduce energy use, improve materials, train workers.

boombox2 -
native1 -

More In Category




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

 


Magazine Subscription
Subscribe

Get our Newsletters

Each day, our editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Subscribe

Follow BD+C: