Updates
February 03, 2009
LEED Requirements For Private Buildings Raise Concerns
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Washington, D.C. has enacted groundbreaking legislation requiring private buildings to meet LEED standards.
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One of the requirements of the legislation is that developers must obtain performance bonds for up to 4% of the construction cost (with a maximum of $3,000,000) of a project. If the building fails to achieve the required certification, the bond amount must be paid into a green building fund established by the City.
- The legislation is under review.
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