NIBS, RICS Project Seeks Ways to Expand Use of Public-Private Partnerships, Promote High-Performance
Initial Report Released at Building Innovation 2016 in Metro Washington, D.C.
Washington, D.C. – January 14, 2016 – (RealEstateRama) — As federal agencies deal with ongoing budget challenges, especially for capital projects, and aging assets facing significant maintenance backlogs, they are seeking new mechanisms to make sure they can continue carrying out their missions. Coupled with these funding constraints, agencies are under increased pressure to improve performance around energy and water use.
Recognizing these challenges, the National Institute of Building Sciences (NIBS) and the Royal IRICS’ fourth Summit of the Americasnstitution of Chartered Surveyors (RICS) are jointly examining how public-private partnerships (P3s) are employed in the United States and trying to identify opportunities to expand their use. And given how important energy management is to controlling both costs and emissions, one aim of the current effort is to see if P3s can be used to promote high-performance buildings in the public sector. High-performance buildings more fully integrate sustainable operations and maintenance into building design and construction to make a building as sustainable as possible throughout existence, not mainly in early life.
The first step in this NIBS-RICS joint effort was a roundtable held in Washington, D.C., in October 2015. The session included a mix of participants from the public and private sectors and academia. Today, NIBS released a summary report of the roundtable findings at its Annual Conference and Expo, Building Innovation 2016, in Metro Washington, D.C, during its Industry Leadership and Advocacy Symposium.One initial recommendation from the reportis to develop a “Guide to P3s for the Public Sector,” including case studies of successful projects utilizing P3 in the U.S. and internationally. A more comprehensive report will be released during in Washington, D.C., on Tuesday, April 5, during the session on “Funding High-Performance Buildings.”
“As governments struggle with decreasing budgets and an increased focus on energy and sustainability, public-private partnerships offer an opportunity to focus on the long-term performance of buildings while recognizing budget constraints,” said NIBS President Henry L. Green, Hon. AIA. “NIBS and RICS are working together to identify the steps necessary to widely implement P3s as a way to maximize opportunities and benefits. We hope this effort, beginning with last fall’s Roundtable, will provide government agencies with the tools needed to achieve high-performance facilities that meet energy efficiency and resilience concerns while minimizing operations and maintenance expenses over the long term.”
Neil Shah, Americas managing director for RICS, said, “We are excited to be collaborating with NIBS on this effort to expand the use of public-private partnerships and promote high-performance buildings as part of this work. We hope that the Institute’s expertise in whole-building design and RICS’ knowledge of project finance and international best practices will lead us towards making significantly greater use of P3s. And we look forward to releasing and discussing further results of the research during the RICS Summit of the Americas, the premiere international event for leaders in the built environment, in Washington in April.”
View the Roundtable Summary Report.
About the Royal Institution of Chartered Surveyors (RICS)
RICS promotes and enforces the highest professional qualifications and standards in the development and management of land, real estate, property and construction. Our name promises the consistent delivery of standards – bringing confidence to the markets we serve.
We accredit 118,000 professionals and any individual or firm registered with RICS is subject to our quality assurance. Their expertise covers valuation and management across all asset classes; the costing and leadership of construction projects; the development of infrastructure; and the management of natural resources, such as mining, farms and land. From environmental assessments and building controls to negotiating land rights in an emerging economy; if our members are involved, the same professional standards and ethics apply.
In the Americas we have staff in New York, Washington, D.C., Los Angeles, Chicago, Toronto, Sao Paulo and Barbados.
The 4th RICS Summit of the Americas will be held in Washington, D.C., from April 3rd to 5th, 2016. The Summit is one of the premiere events centered around the built environment. Speakers and attendees will include prominent leaders in real estate, with particular focus on the Valuation, Construction, Asset Management and Business Valuation fields.
About the National Institute of Building Sciences
The National Institute of Building Sciences, authorized by public law 93-383 in 1974, is a nonprofit, nongovernmental organization that brings together representatives of government, the professions, industry, labor and consumer interests to identify and resolve building process and facility performance problems. The Institute serves as an authoritative source of advice for both the private and public sectors with respect to the use of building science and technology
