Does it cost more to have a building comply with Green Globes®?
Capital costs of constructing or upgrading a building to meet any green standard are highly debated with some studies demonstrating that integrated design and delivery yield buildings well within normal budgets, and others demonstrate a one to eight percent increase in costs. Green Globes’ online system and unique two-stage third-party assessment process makes the process more streamlined and therefore cost effective in relation to other green building programs. Using a highly functional tool such as Green Globes to monitor sustainability throughout the life cycle of a building can help maximize return on investment through reducing costly change orders and achieving measured savings through operations. This, in combination with coordinated management practices and lower maintenance requirements, can more than make up for the potential of slightly increased initial costs.
