The standard was also previewed at successful Pilot Workshops with the Urban Land Institute (ULI), and received workshop funding from the Bullitt Foundation, and standard development funding from the Northwest Energy Efficiency Alliance (NEEA’s BetterBricks).
IP as defined by the standard is one of the attributes increasing cash flow incorporated in green building underwriting standards that the Capital Markets Partnership released at the NYSE. The underwriting standards are based on Wall Street due diligence and national, statistically valid data showing that green buildings are more profitable, less risky, and preferred by investors with top of the market rents, highest occupancy, and highest valuation.
“With the urgent need for projects to incorporate principles of regeneration, IP provides the foundation to align teams, clients, and communities around ideas that can bring back health to the places we live and work while reducing costs below conventional and speeding up time to market,” noted Bill Reed, Principal, Regenesis and the Alliance for Regeneration, Chairman, ANSI Consensus IP Committee.
John Boecker, Principal with the 7 group and IP Committee Officer, added that ”Our project experience with the Integrative Process presented in the ULI workshops shows not only the potential for significantly improved building performance with cheaper construction costs (than conventional design), but significant operational savings as well – in short, big energy savings are cheaper than small ones – less first cost is needed to save 60% energy than to save 20% energy.”
“Not only will the IP Standard bring greater economic value to our clients, but it will also accelerate the building industry’s ability to engage all parties throughout the design process, yielding projects with greater sustainable rigor for enhanced wellness of occupants and communities,” said Phil Harrison, CEO, Perkins+Will.
The IP 2.0 Standard is available for purchase from ANSI here.