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BD+C White Paper: Green Building + The Bottom Line (2006)

Bdcwhitepaper06_cover "The 'New Reality' of Green Building from Environmental Cause to Financial Opportunity."  I wanted to put up a quick post regarding BD+C's new green building white paper--it's big-time informative, talking about green building in the context of office, retail, hotel, restaurant, residential, education, healthcare, and government buildings.  If you don't read anything else (it's a dense report of 64 pages, of which about 10-15 pages are for so called green sponsors), read the Executive Summary on page three to catch a drift about what's going on in the industry.  One issue that keeps popping up is the issue of whether green buildings cost more than code-built buildings.  For one thing, certification will cost some money (unless it's LEED-Platinum), but other than that, there's a small premium that an owner will pay.  But that's when you analyze the building on a first costs basis.  If you're looking at first costs + operating costs (which the industry is still trying to work out), green buildings can be pretty attractive.  With the possibility of higher occupancy rates, less tenant turnover, and less $$ on energy + water, green building is a phenomenon to be reckoned with.  Plus, green buildings try to source materials locally, so to the extent that this happens, $$ spent on materials stay in the cities you're trying to rebuild and develop.  There are lots of positives...

Building Design + Construction's Green Building White Paper 2006 [registration required]


Comments

Glad you posted about this- my copy of the White Paper has been sitting around for a while and I'd been meaning to write something about it. I thought it was extremely interesting that the Executive Summary references potential liability for failing to build green, and I think we're going to see substantially more on this topic as 2007 progresses.

These comments were cross posted for Stephen at greenbuildingnyc.com.

Very interested in the liability issues, but from the completely opposite perspective. I was talking with an attorney at GreenBuild and he said that there’s serious concern in the surety bond market about the long-term performance of green buildings and materials and that fewer and fewer companies are willing to provide surety bonds for projects pursuing LEED certification. Their question is “Will the building perform over the long term or will the ‘cool, hip green building elements’ fail sooner than expected resulting in consequences for surety. Under the Miller Act, payment and performance bonds are required for general contractors on all U.S. federal government construction projects where the contract price exceeds $100,000.00.

A new version of this was released for 2007: BD+C Whitepaper.

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