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The Cost Implications of LEED

The Cost Implications of LEED. A Presentation By Hanscomb Faithful & Gould September 29 th – 2005 Ms. Carin Rautenbach – Vice President, LEED AP Ms. Minna Gerard – Senior Estimator, LEED AP John Merkler AIA. Our presentation today. Understanding Cost Constraints

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The Cost Implications of LEED

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  1. TheCost Implications of LEED A Presentation By Hanscomb Faithful & Gould September 29th – 2005 Ms. Carin Rautenbach – Vice President, LEED AP Ms. Minna Gerard – Senior Estimator, LEED AP John Merkler AIA

  2. Our presentation today • Understanding Cost Constraints • Where the data comes from • Life Cycle vs First Cost • LEED Point Analysis • Sharing our Lessons Learned • Questions and Answers • Sharing Best Practices from Audience Members

  3. What is the Cost of Green Building? 1.Initial Cost, i.e. Construction Cost 2.Life Cycle Cost, which covers not only construction cost but also operation and maintenance cost during the building’s usable life.

  4. LEED Project Locations

  5. Where does the data come from? • Hanscomb Faithful & Gould’s nationwide database • GSA’s database of recent work • State of California Study – 2003 • Supplemental data

  6. LEED Rating System • Four (4) levels of Certification • LEED Certified26 - 32 points • Silver Level33 - 38 points • Gold Level39 - 51 points • Platinum Level52+ points (69 possible)

  7. Attainable Points Distribution LEED Rating System

  8. Life Cycle Cost Saving for LEED Projects • Energy & Lighting Efficiency • Water Efficiency • Materials Efficiency • Employee Productivity • Employee Health • Construction & Debris Recycling

  9. Sensitivity to Life Cycle Cost Transportation (5%) Construction (18%) Other Support Costs (2%) School Allotment (1%) Textbooks (1%) Furnishings / Fitout (4%) (1%) Fees Benefits Overhead (14%) (1%) Other Project Costs 1% Construction Contingency (1%) (5 %) Major Capital Replacements Support Staffing (11%) Maintenance (3%) Energy (2%) Educational Staffing (31%)

  10. The Study – The Costs andFinancial Benefits of Green Building • Commissioned by California’s Sustainable Building Task Force • Led by Greg Kats, Capital E with Contributions from California Department of General Services and Lawrence Berkeley National Laboratory • Findings • Green Buildings have an average 0 to 2% increase in first cost over their conventional counterparts, but over 20 years, they will recoup 20% of construction costs —more than ten (10) times the original investment in green building features.

  11. The Study – The Costs and Financial Benefits of Green Building

  12. The Study – The Costs and Financial Benefits of Green Building • Contributors to increased value Percentage Breakdown of Green Building - Financial Benefits LEED Certified & Silver Buildings

  13. Capital Cost for Building Green • First cost vary significantly • Nature, location, size of projects • Timing to introduce LEED goal • Level of LEED certification desired • Process used to select LEED credits • Local and regional design standards, including codes and initiatives • Experience of design team • Experience of contractors • Rebate and incentive programs

  14. Is there any Premium Cost for Building Green? • Historical Information • Our Findings • LEED Certified Building fall into the same range of cost as Building not LEED certified • It is possible to achieve Design Team and Owner’s goals by making value decisions without adding to the budget. Each Building is Unique No one-size-fits-all Answer

  15. Trends • Cost ($) for building green decreases as • Consultants and contractors gain more experience • Newer, cheaper and better availability of green materials • More local policy incentives

  16. Points Analysis Sustainable Sites (SS)*(yellow categories) / most achieved points

  17. Points Analysis Sustainable Sites (SS)*(yellow categories) / most achieved points

  18. Points Analysis Sustainable Sites (SS) *(yellow categories) / most achieved points

  19. Points Analysis Sustainable Sites (SS)*(yellow categories) / most achieved points

  20. Points Analysis Water Efficiency (WE) *(yellow categories) / most achieved points

  21. Points Analysis Energy & Atmosphere (EA)*(yellow categories) / most achieved points

  22. Points Analysis Energy & Atmosphere (EA)*(yellow categories) / most achieved points

  23. Points Analysis Materials & Resources (MR)*(yellow categories) / most achieved points

  24. Points Analysis Materials & Resources (MR)*(yellow categories) / most achieved points

  25. Points Analysis Materials & Resources (MR)*(yellow categories) / most achieved points

  26. Points Analysis Indoor Environmental Quality (EQ) *(yellow categories) / most achieved points

  27. Points Analysis Indoor Environmental Quality (EQ) *(yellow categories) / most achieved points

  28. Points Analysis Indoor Environmental Quality (EQ) *(yellow categories) / most achieved points

  29. Points Analysis Innovation and Design Process *(yellow categories) / most achieved points

  30. Other Cost Factors to Consider • Documentation cost ($) during Design andConstruction • Extra Design Fees • Rebate Programs Solar incentive program by LADWP • Local Green Building Incentives such as expedited permitting, low inspection fees, tax credit, and Savings by Design Program

  31. Experienced Design Team Fees (Source: GSA)

  32. Savings by Design • Program is • Founded by California Utility Customers • Administered by Pacific Gas and Electric (P G&E),San Diego Gas and Electric, Southern California Edison Company and Southern California Gas Company. • Whole Building approach • Systems approach • Daylight saving • Interior lighting system • Heating, ventilation, and air conditioning (HVAC) system • Service Hot Water • Other Systems

  33. Savings by Design • Incentives • Maximum incentive for the Owner is • $150,000 under the whole building approach • $75,000 under the systems approach • Maximum incentive for the Design Team is $50,000

  34. Cost Implications of LEED • Understanding Cost Constraints • LEED Point Analysis • Sharing our Lessons Learned • Questions and Answers • Sharing Best Practices from Audience Members Thank you for attending

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