ETA has been invited to join the E06.81 Subcommittee on Buildings Economics. As voting members, Daryl and Lee are continuing to work as volunteers on global standards relating to buildings. 

From October 30 through November 2, 2011, the sE06.81Sub-committee met in Tampa, FL. ETA and Kingport attended three days of  meetings and voted on a several parts of the massive project of revising ASTM Standards on Building Economics 6th Edition. ASTM Standards on Building Economics 6th Edition Book 2007 . You can purchase this terrific Handbook at the above link. 

Lee Stevens has volunteered to spearhead a public relations and marketing outreach for the Sub-committee as much as her time will allow.  Some of the basic principles of Building Economics are being conveyed in the training initiatives of ETA and Kingport Corporation. Cost effectiveness of energy-related projects whether renewable energy or energy efficiency projects is a vital criteria for all end-users. Traditional simple payback and Internal Rate of Return and only some quick screening tools for the stakeholders involved.

The large corporate and government markets have adopted building economics for over 50 years in new construction and large retrofit projects. In the area of energy efficiency, the crucial importance of generating operating cash flow and ensuring the liquidity of a firm or organization has been largely ignored by the various stakeholders.

With the input from several building engineers and economists working on the Sub Committee, ETA and Kingport are hoping to convey to its clients the importance of analyzing the impact of energy efficiency projects on the operating cash flow and overall financial performance of a firm or organization.  This methodology helps the building owner and operator justify the up front investments with their board, top management as well as the lenders who look to enhanced cash flow stream  as the primary soucre of repayment of their loans.