In the wake of the Government's earthquake-strengthening legislation, a workshop will be held for South Canterbury commercial building owners and occupiers next month.
Aoraki Development Business and Tourism (ADBT) is holding the free workshop on Wednesday, October 30.
Under the new policy, announced in August, earthquake-prone buildings will be identified through assessments within five years of legislation taking effect. Those building owners identified will then have another 15 years to carry out strengthening work or have buildings demolished.
"Commercial building owners and tenants need to have the best and most up-to-date information relevant to our region if they are going to make good investment and business decisions," ADBT chief executive Wendy Smith said.
"The new legislation will have a significant impact on South Canterbury business and building owners. There are challenges but also opportunities. This workshop will help both owners and occupiers understand the process and make informed, proactive decisions."
Timaru structural engineer Gary Littler encouraged commercial building owners to attend.
"The legislation had been pretty passive but the new legislation will mean in the next few years commercial building owners will have to get their buildings surveyed and if something comes up they will have to do something about it. The workshop will help them know what they have to do and also time frames."
He had already carried out a number of assessments for commercial building owners.
"We will be pretty busy. I can't see the council doing the surveys, it will be private guys like us. The building owners will probably have to pay."
The workshop will cover risk management, the engineering process for seismic assessment, indicative costs, commercial real estate issues, financial implications, insurance options and legal implications.
Presentations will be made by Timaru businesspeople from a range of industries including insurance, structural engineering, real estate, finance and legal advice. The workshop will be held from 9am to 11am at the Grosvenor Hotel.
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