Economic Effectiveness of Implementing a Statewide Building Code: The Case of Florida
作者： Kevin M. Simmons , Jeffrey Czajkowski , James M. Done
DOI: 10.3368/LE.94.2.155
关键词:
摘要: Hurricane Andrew revealed inadequate construction practices were utilized in Florida for decades. In response, adopted a new statewide code—the 2001 Building Code (FBC)—which became one of the strictest nation. We use 10 years paid insured loss data to show that FBC reduced windstorm losses by up 72%, then our results conduct benefit-cost analysis (BCA). The passes BCA margin $6 full $1 added cost, with payback period approximately 8 years.
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