Reference no: EM133452826
Assignment:
While the latest sustainable technologies are usually associated with a lower carbon footprint or natural resource burden, they may be considered "risky" to deploy. The most important risk factors center around up-front costs, performance promises, unintended consequences, equipment maintenance, and difficulty obtaining regulatory approvals. These issues can surface in new construction and retrofits of existing buildings. Conventional project contracts and warranties, as well as tenant leases, often do not clearly allocate risk and responsibility for items like new green technologies, energy usage, and operation and maintenance of green features (just as examples). Therefore, it is critical to understand the legal and financial areas of concern.
Analyze the Bullitt Center for applicable sustainable, high-performance and low-impact technologies and designs. Address the following:
- If you were a project manager at the outset of your project, identify areas of potential legal, financial, and other risks that you would have to consider and try to mitigate. Also identify areas of actual legal or financial risks that became a problem when the project was developed or operated.
- Identify any climate risk to the Bullitt Center based on the project's location, was anything done to mitigate them
- Discuss how "green" leasing can provide a solution to protect an owner's investment in major building system or site upgrades and technology installation - consider a variety of green building categories (water, energy, cradle-to-cradle processes).
- Identify governmental and non-governmental programs available to reduce financial or legal risks of incorporating or investing in green building systems up front (include federal, state, and county tax incentives, utility rebate programs, PACE).
Please read these questions through all green building categories (water, energy, cradle-to-cradle processes)
Be sure to focus both on legal and financial issues that actually arose or affected the Bullitt Center (if any) as well as the range of potential legal and financial risks that the development team had to consider and manage (or should have) at the outset of the project.
It's important to understand and analyse different sources of legal risk, It's also important to think through the different kinds of risks that might be applicable to different participants in the development process.