An International Evaluation of the Role of Chartered Surveyors in Providing Professional Flood Risk Advice on Commercial Property

Project Member(s): Wilkinson, S.

Funding or Partner Organisation: Royal Institution of Chartered Surveyors

Start year: 2015

Summary: Aim/ Objectives: The aim of the study is to provide guidance on the current and future role and capacity of chartered surveyors within an international commercial property context in regard to flood risk. The objectives of this study are to: •evaluate the role chartered surveyors play and the skills they need in providing professional advice on flood risk in the context of commercial properties; and •develop understanding of how different international insurance regimes promote effective flood risk mitigation for commercial property; •support the development of a common international approach to the valuation of commercial property at flood risk. Methodology:Literature review to •identify the existing roles of Chartered Surveyors in regard to providing professional advice to clients on flood risk; •identify potential barriers and challenges in the effective implementation of insurance schemes for commercial property, the incentives for mitigation and their likely impact on asset values; •Expert interviews with: chartered surveyors, international insurance experts and property fund managers in each country. Workshop(s): Three workshops (2-3 hours each) in webinar format to: •map Chartered surveyors roles, competencies, resources, challenges •share and identify case study examples of good/developing practice •develop guidance for skills and competency requirements of chartered surveyors.

Publications:

Lamond, JE, Bhattacharya-Mis, N, Chan, FKS, Kreibich, H, Montz, B, Proverbs, DG & Wilkinson, S 2019, 'Flood risk insurance, mitigation and commercial property valuation', Property Management, vol. 37, no. 4, pp. 512-528.
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Bhattacharya-Mis, N, Lamond, J, Montz, B, Kreibich, H, Wilkinson, S, Chan, F & Proverbs, D 2018, 'Flood risk to commercial property', International Journal of Disaster Resilience in the Built Environment, vol. 9, no. 4/5, pp. 385-401.
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Bhattacharya Mis, N, Chan, F, Kreibich, H, Montz, B, Lamond, J, Proverbs, D & Wilkinson, SJ 1970, 'Advising on flood risk - opportunities and challenges across international commercial property markets', https://www.rics.org/fr/news-insight/research/conference-papers/advising-on-flood-risk-opportunities-and-challenges/, The Construction, Building and Real Estate Research Conference of the Royal Institution of Chartered Surveyors, RICS, University College London, London, pp. 0-12.

Wilkinson, SJ, Chan, F & Lamond, J 2018, 'Head above water.', RICS Property Journal, pp. 22-23.

Lamond, J, Bhattacharya Mis, N, Chan, F, Kreibach, H, Burrell, M, Proverbs, D & Wilkinson, SJ The Royal Institution of Chartered Surveyors 2017, Flood risk mitigation and commercial property advice: an international comparison, pp. 1-48, London UK.

Wilkinson, SJ & Jupp, JR 2016, 'Exploring the value of BIM for corporate real estate', Journal of Corporate Real Estate, vol. 18, no. 4, pp. 254-269.
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Ghosh, S & Wilkinson, S 1970, 'Food urbanism, place making and sustainability performance in two institutional rooftop gardens in Sydney, Australia', Royal Institution of Chartered Surveyors, Construction, Building and Real Estate Research Conference (COBRA), Royal Institution of Chartered Surveyors, Toronto, Canada in association with George Brown College, pp. 3-13.

Wilkinson, SJ 1970, 'Analysing Trends in Sustainable Building Adaptations in the Melbourne CBD', Proceedings of the 2016 RICS Conference, Construction, Building and Real Estate Research Conference (COBRA), RICS, Toronto, Canada.

Keywords: flood risk, built environment, international,

FOR Codes: Housing Markets, Development, Management, Expanding Knowledge in Built Environment and Design, Housing markets, development and management

Acknowledgement of Country

UTS acknowledges the Gadigal people of the Eora Nation, the Boorooberongal people of the Dharug Nation, the Bidiagal people and the Gamaygal people, upon whose ancestral lands our university stands. We would also like to pay respect to the Elders both past and present, acknowledging them as the traditional custodians of knowledge for these lands.