Cost of Green Building

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The presentation delivered by Devin Saylor, Director of Sustainability Advisory Services in Colliers Southeast Europe on the annual BuildinGreen 2011 conference in Sofia, Bulgaria

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Cost of Green Building

  1. 1. Green Building – Green Business <br />Cost of green building in Bulgaria<br />Devin Saylor, LEED® AP<br />
  2. 2. Objectives<br />Challenges of costing green in Bulgaria<br />Opportunities for low cost green initiatives<br />Strategies to minimize cost of green<br />
  3. 3. What is the cost of Green Building in Bulgaria?<br />?<br /><ul><li>Focus on initial cost instead of lifecycle cost
  4. 4. Not enough green buildings to draw conclusions
  5. 5. Depends on project team experience
  6. 6. Green Building Strategy</li></li></ul><li>Required costs<br /><ul><li>Certification and registration fees -depending on the green building rating system and size</li></ul> $$$ - 2 500 - 29 000 EUR<br /><ul><li>Whole Building Energy Simulation</li></ul> $$$ - 20 000 – 25 000 Euro<br /><ul><li>Commissioning of building systems</li></ul> $$$ - 25 000 -40 000 Euro<br /><ul><li>Consultants/Auditors / Assessors</li></li></ul><li>Advantages for projects in Bulgaria <br /><ul><li>Access to public transportation
  7. 7. Higher density
  8. 8. General parking practice</li></li></ul><li>Low initial costs<br /><ul><li>Accommodating of alternative transportation
  9. 9. Water efficient fixtures
  10. 10. Environmentally friendly construction products and materials
  11. 11. Green policies and procedures
  12. 12. Optimizing building orientation
  13. 13. Passive design strategies (daylighting and ventilation)</li></ul>Photo Credit: Muffet, Flickr<br />
  14. 14. Greater initial costs<br /><ul><li>Energy Systems
  15. 15. Green Roof
  16. 16. Renewable energy systems
  17. 17. Water treatment systems
  18. 18. Building Automation and Management Systems</li></ul>An upfront investment of 2% in green building design, on average, results in life cycle savings of 20% of the total construction costs – more than ten times the initial investment.<br />Kats, G. (2003)<br />
  19. 19. Challenges for projects in Bulgaria<br /><ul><li>Low cost of water and energy - longer payback periods
  20. 20. Insufficient incentives
  21. 21. Lack of construction material recycling programs
  22. 22. Limited market for reused site materials
  23. 23. Recycling practices</li></li></ul><li>Strategies for minimizing cost <br /><ul><li>Start the process early
  24. 24. Involve all project team members
  25. 25. Set specific sustainability goals according to project budget and objectives
  26. 26. Include project team members with green building experience
  27. 27. Develop a comprehensive strategy to achieve the most environmental benefits for the least amount of cost</li></li></ul><li>Thank you<br />Devin Saylor, LEED® AP<br />Regional DirectorSustainability Advisory Services<br />devin.saylor@colliers.com<br />www.colliers-sustainability.com<br />

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