New Report Shows More Stringent Building Code Reduces Costs from Extreme Events

2017-10-17 00:00:00

Increased costs of construction is often the fundamental argument against more stringent codes. Therefore a key question, from an economic perspective is: Has the reduction in damage from hurricanes exceeded the increased cost to comply with the strong statewide code? Jeffrey Czajkowski (Managing Director for the Wharton Risk Management and Decision Processes Center), Kevin Simmons (professor of Economics and the chair of the Economics & Business Administration Department at Austin College) and James Done (C3WE science lead) have authored a report that considers this question. Report data show that more stringent building codes deliver benefits greatly exceeding their cost.

 

Report on cost benefit of more stringent building codes versus construction costs