Green buildings not expensive says survey


Cost premium "small: Romilly Madew, chief executive of the Green Building Council, said the GBC’s cost-benefit analysis of green buildings The Dollars & Sense of Green Buildings showed that green buildings incur a small premium of no more than 3 per cent above the costs of standard construction. This made the cost of going green for CBD commercial building “less than $100 per square metre,” Ms Madew said.

Momentum is there: BCI Australia chief executive officer Matthias Krups said that the results reflected the momentum in the industry to build green, but that manufacturers were slow to respond.

Window of opportunity: “The results also point to a strategic window of opportunity for manufacturers’ branding and positioning, with ‘specifying green products’ ranking among the most common of green building activities, yet few if any architects are able to specifically put their finger on a ‘green manufacturer’,” Dr Krups said.

Green building sales on rise: Among other findings in the survey: More than 50 per cent of Australia’s architectural firms and contractors see their sales associated with green building on the rise, yet 65 per cent of architects and contractors see ”little or no impact” of green building on their profits.

The Australian Financial Review, 28/9/2006, p. 55

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