Regulatory

Regulatory refers to those property management and maintenance requirements dictated by various governmental authorities, most notably (but not limited to) local codes, OSHA, EPA, and ADA.

Local Codes

Building codes are a set of rules that specify the minimum acceptable levels of safety for constructed objects such as buildings and no-building structures. The main purpose of building codes are to protect public health, safety, and general welfare as they relate to the construction and occupancy of buildings and structures. The building code becomes law of a particular jurisdiction when formally enacted by the appropriate authority.

OSHA

With the Occupational Safety and Health Act of 1970, Congress created the Occupational Safety and Health Administration (OSHA) to assure safe and healthful working conditions for working men and women by setting and enforcing standards and by providing training, outreach, education, and assistance.

EPA

The mission of the Environmental Protection Agency (EPA) is to protect human health and the environment.

EPA’s purpose is to ensure that:

  • all Americans are protected from significant risks to human health and the environment where they live, learn and work;
  • national efforts to reduce environmental risk are based on the best available scientific information;
  • federal laws protecting human health and the environment are enforced fairly and effectively;
  • environmental protection is an integral consideration in U.S. policies concerning natural resources, human health, economic growth, energy, transportation, agriculture, industry, and international trade, and these factors are similarly considered in establishing environmental policy;
  • all parts of society – communities, individuals, businesses, and state, local, and tribal governments – have access to accurate information sufficient to effectively participate in managing human health and environmental risks;
  • environmental protection contributes to making our communities and ecosystems diverse, sustainable, and economically productive; and
  • the United States plays a leadership role in working with other nations to protect the global environment.

ADA

The Americans with Disabilities Act (ADA) of 1990 is a law that was enacted by the U.S. Congress in 1990.

The ADA is a wide-ranging civil rights law that prohibits, under certain circumstances, discrimination based on disability. It affords similar protections against discrimination to Americans with disabilities as the Civil Rights Act of 1964, which made discrimination based on race, religion, sex, national origin, and other characteristics illegal. Disability is defined by the ADA as “a physical or mental impairment that substantially limits a major life activity.” The determination of whether any particular condition is considered a disability is made on a case by case basis.

Each of these regulatory constraints on the ownership and tenancy of real estate have far-reaching implications. This bundle of costs and exposure, which is typically a part of general and administrative expense including legal costs and fines for lack of compliance, is rarely accounted for or recognized as a real component of Total Cost of Real Estate™ (TCR™).

Case Studies

We are inviting thought leaders and best practitioners to become a part of this emerging ‘Component Subject Matter Expertise’ network and want to outline what we think are a few of the compelling reasons for connecting here.

  1. Provide you with an independent third-party endorsement and exposure to a growing audience of executive decision makers inside Fortune 500 companies
  2. Provide a pulse on your peers through the eyes of others
  3. Open new channels of access to projects and relationships
  4. Precisely provide leads to immediate cost savings project needs
  5. Energize your sales and implementation teams with additional support

If you would like to be a part of this network and have case studies, white papers, videos, or other media that distinctively addresses one or more of these 12 component business disciplines please submit your information in this form and we will consider it for posting here. If you would like to learn more please feel free to contact us and we can arrange a discussion.

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