White Paper

Developing a Long-term Capital Funding Plan for Managing Your Existing Building

 

Recent study found that roughly 95% of the cost of owning a building is due to maintenance, operation, insurance and financing.

Only 5% of the cost of owning a building results from its construction. More than 80% of commercial buildings in the US are at least 20 years old.  In most of those buildings, the HVAC equipment has not been updated. Given the numbers, it’s clear that managing the 95% will have a greater impact on ownership costs over the life of the building.  

Agenda

Faculty

James L. (Jim) Newman

James L. (Jim) Newman

Newman Consulting Group LLC

  • One of the country’s most experienced energy efficiency and green building experts
  • Known as the Dean of Green, regularly speaks to professionals, student groups, and the media about sustainability and green technology
  • Owner/Managing Partner of Newman Consulting Group LLC (NCG), headquartered in Farmington Hills, MI
  • Certified Energy Manager (CEM), LEED Accredited Professional for Building Design and Construction (LEED AP BD+C), ASHRAE Distinguished Lecturer (DL), Operations and Performance Management Professional (OPMP), Building Energy Assessment Professional (BEAP), Fellow of the Engineering Society of Detroit (FESD), and a Fellow of ASHRAE
  • Has received many awards over the years, a few of which are Green Leader by Corp! Magazine and the Detroit Free Press, Sustainable Community Champion by EcoWorks, and several from ESD, most recent were a Lifetime Achievement Award by the Detroit Chapter of BOMA (Building Owners and Managers Association) in 2019, and Fellow of ASHRAE IN 2021

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