1. Scope

Keywords

Rationale

This guide provides a generalized, systematic approach for conducting a Property Resilience Assessment (PRA) on a voluntary basis for parties such as real estate investors, owners, operators, lenders, and insurers (Users) who wish to better understand the natural hazards, including those made more extreme by climate change, that may be affecting a property. A PRA obtained using this guide can be used during real estate investment, development, risk management and reporting, facilities management, capital planning, operations and maintenance, underwriting or financing activities. The provisions of this guide establish a baseline standard of practical and reasonable steps for conducting and preparing PRAs and guidelines by which the Provider of a PRA can communicate observations, opinions, and conclusions to a User in a manner that is meaningful and transparent. Please note this guide is not intended to provide a certification of a property as resilient or to characterize a property as compliant with the guide, but rather to outline a flexible approach to facilitate informed decisions at the property level. This guide is not prescriptive and does not advocate a specific analytical methodology for ascertaining the performance of the built environment.