Sustainability in construction projects is heavily incentivized and increasingly mandated by regulation, both in the public and private arenas. Meeting the requisite sustainability certification requirements is a core element of a green project, one that requires sophisticated systems, expertise, and meticulous record-keeping. In the event of a default and performance bond claim on a green building project, complex challenges related to various certification standards and compliance with sustainable building criteria throughout the building process can exacerbate the claim process and increase completion costs.
Practical strategies for balancing performance obligations with the demands of environmentally certified building standards can assist in understanding how these dual obligations impact project timelines, costs, and compliance in order to mitigate risk and implement successful resolutions.