BIM – Energy Efficiency Tied to Real Estate / Real Property Sales – The Importance of High Performance Buildings vs. ROI

Due diligence relative to the energy efficiency of commercial is not only important relative to building resale and ROI, but is becoming mandated in several states, counties, and cities.   For example, use of the new ASTM (American Society for Testing and Materials) Standard E-2797-11, Standard Practice for Building Energy Performance Assessment for a Building Involved in a Real Estate Transaction, is required in several states and cities and under consideration in a growing number of others. Federal legislation is sure to follow.

Energy-efficient buildings cost less to operate, have higher net operating income (NOI), better asset value, and are more attractive to tenants.   Property owners and lessors can leverage higher performing buildings to attract and retain tenants that recognize that these buildings  have lower utility and operating costs.  In many cases leanders are provided a Pro Forma with a specific aline item for utilities/energy costs as a component of building operating costs.  Savvy buyers will also consider energy usage when comparing similar properties.

The Role of BIM, JOC, and IPD in Sustainability

Creating a baseline energy audit isalso  a “best practice” relative to enabling better short and longer term planning for facility renovation, repair, and maintenance projects.

It is likely that more and more facility condition assessments (FCAs) will include energy audits are a required, standardized component.

 In summary, standards and best practices relative to energy and condition audits are an important component of BIM ( Building Information Modeling ).  Robust practices for collection, assembly, evaluation, and reporting required information are key to BIM as are efficient renovation and repair contstruction methods such as JOC – Job Order Contracting, and IPD – Integrated Project Delivery.

Consistency and transparency in data collection, project evaluation, costing, and project managemetn are requirements in order to efficiently deliver quality  improvement project on time and on budget. 

via Premier Provider of Software for Cost Estimating and Efficient Project Management for JOC, IPD, SABER, IDIQ, SATOC, MATOC, MACC, POCA, BOA ….