Workspace / NFSI

神奈川沖浪裏, ‘Under the Wave off Kanagawa’

ASTM International publishes best practice titles that appear frequently in physical asset management enterprises.   You find them referenced deep in risk management agreements, construction contracts and in the documents that set the standard of care in design, maintenance and operations.  Now comes notification from the ASTM Committee E06 Performance of Buildings of a new standardization project to manage risk in the financial support for buildings with seismic risk —  ASTM WK55885 New Practice for Seismic Risk Assessment of Real Estate Portfolios.   Many large research universities have multiple properties in seismic zones.  From the project prospectus:

Scope and Purpose: Real estate portfolios for mortgage lenders and property owners often include many properties distributed across many regions or multiple states. Seismic risk assessment for a group of real estate properties (a portfolio) differs from PML investigations for a single building (as treated in ASTM E2026 and E2557). The geographical diversification of the portfolio is a fundamental characteristic that differentiates it from the investigation of a single site.  

Project Need: Proper treatment of the complex variables associated with seismic risk assessments at multi-property portfolios requires a new, separate standard, with an appropriate stakeholder focus, and a more complex computational approach more consistent with (probabilistic) earthquake insurance models, but accommodating structural engineering input. As such, this proposed scope for seismic risk assessments of multiproperty Portfolios will generally resemble the scope used for the single building standard (ASTM E2026), however with materially different multiproperty components within the same framework.

Stakeholders: Whole Buildings and Facilities industries

This is a new project identified in ANSI’s Project Initiation Notification System and does not yet have a draft open for public review; only a notification to assure and hasten harmonization among accredited standards developers (Link to ANSI Standards Action | PDF Page 15).

Pepperdine University California

The ASTM Subcommittee E06.25 on Whole Buildings and Facilities cancelled its October meeting in Orlando next week.  No further information provided on its landing page.

We maintain the ASTM bibliography on several agendas — Sport, Risk, Prometheus, to name a few.   This title is part of an expanding constellation of standards for facility management.  When public consultations become available for education community asset managers we will identify them.  ASTM makes it fairly easy for students and faculty to access its consensus products.  CLICK HERE for more information.

Issue: [18-189]

Category: Risk Management

Colleagues: Mike Anthony, Jack Janveja, Richard Robben

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University of Washington Seismic Building Inspections