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Turner Construction Company's Latest Green Building Market Barometer Reveals New Findings On Green Building And Certification

 Turner Construction Company's Latest Green Building Market Barometer Reveals
               New Findings On Green Building And Certification

Respondents Indicated a Widespread Commitment to Sustainable Practices

PR Newswire

NEW YORK, Nov. 8, 2012

NEW YORK, Nov. 8, 2012 /PRNewswire/ --Turner Construction Company, recognized
as theleading general builder and the largest green builder in the United
States, today announced the results of a new Market Barometer survey that
focused on environmentally-sustainable, or "Green," building, and on
sustainable practices in general. Key findings revealed that companies remain
committed to constructing Green buildings. While executives remained committed
to incorporating sustainable building practices into their building programs,
fewer said their companies were likely to seek LEED certificationfrom the US
Green Building Council when constructinga Green building.

Brightening Outlook for Construction Projects
Among real estate owners, developers, and corporate owner-occupants, 64% said
they expect to undertake new construction projects over the next 12 months (up
from 46% in the 2010 survey), and 71% said they expect to undertake renovation
projects over the same period (up from 58% in the 2010 survey).

Widespread Commitment to Sustainable Practices
Ninety percent of respondents said their companies were committed to
environmentally-sustainable practices. Of that percentage, 56% of executives
said their companies were extremely or very committed to following
environmentally-sustainable practices in their operations, while an additional
34% said they were somewhat committed. In addition to citingfinancial
reasons for this commitment, executives were most likely to cite broader
considerations as extremely or very important including belief that it's the
'right thing to do,'(68%), impact on brand/reputation (67%), and customer
requirements (61%), along with cost savings (66%).

Reducing Energy Costs and Operating Expenses are the Key Drivers to Green
Construction
Executives were most likely to cite financial factors as being important to
their companies' decisions on whether to incorporate Green features in a
construction project. Respondents indicated that energy efficiency (84%) and
ongoing operations and maintenance costs (84%) were extremely or very
important to their decisions.

More than two-thirds of executives also said that non-financial factors were
extremely or very important including indoor air quality (74%), health and
well-being of occupants (74%), satisfaction of employees/occupants (69%) and
employee productivity (67%). However, only 37% of executives said it was
extremely or very important to their companies to minimize the carbon
footprint of their buildings.

This suggests that the decision to incorporate Green features is driven by a
desire to reduce cost followed by an interest to improve the indoor
environment for building occupants, rather than broader concerns about the
impact of buildings on the global environment.

More than half of executives said their companies would be extremely or very
likely to invest in improved indoor environmental quality (63%), improved
water efficiency (57%), and Green materials (53%) if they were undertaking a
construction project.

"Energy efficiency figures prominently in the decision-making process of green
building primarily because of its large economic impact. Water efficiency in
Green construction was seen as less important. This is in spite of a growing
awareness that water is a finite resource, both in its operational use and its
role in the production of goods and materials. While the direct economic
impact of water efficiency is less than the savings on energy, its
environmental impact is quite significant," said Michael Deane, Vice President
and Chief Sustainability Officer at Turner Construction.

Fewer Companies Plan to Seek LEED Certification
Although the vast majority of companies remain committed to Green buildings,
the percentage of executives who thought it was extremely or very likely that
their company would seek LEED certification if they constructed a Green
building was only 48%, down from 53% in the 2010 survey and 61% in the 2008
survey. Among executives who said their companies were not likely to seek LEED
certification, the most important reasons cited were the cost of the
certification process (82%), staff time required (79%), time required for the
process (75%), and the overall perceived difficulty of the process (74%). It
is apparent that in the last four years many companies seem to have become
more knowledgeable about the means and methods of designing and constructing
Green buildings and are less reliant on LEED as a checklist or a scorecard, as
indicated by 52% of executives saying that they were only somewhat or not
likely to seek LEED certification when undertaking a construction project. At
the same time, 41% of executives thought it was at least somewhat likely that
their companies would consider seeking certification under a rating system
other than LEED if they constructed a Green building. Of those executives who
indicated they would consider another system, 63% said they would be extremely
or very likely to consider seeking certification under ENERGY STAR, which
again highlights the importance of energy efficiency. It should be noted that
building owners may elect to certify under more than one rating system.

"We've seen from our own work and the continuing growth of the green building
marketthat in spite of this reduction in enthusiasm for LEED certification,
respondents are still building green," said Deane. "While some respondents are
relying on their own standards or are considering another rating system, LEED
certification remains the most widely used third party verification of
achievement that is recognized by consumers and that can be used to market and
promote a property."

Concerns Persist about Construction Costs and the Length of the Payback Period
When asked what length of payback period would be acceptable when considering
Green features, 44% of executives said they would accept five years and almost
80% of executives said they would accept a payback period of five years or
longer. Despite the acceptance by most executives of an extended payback
period, 61% of executives still felt that the length of the payback period was
an extremely or very significant obstacle to the construction of Green
buildings while 62% cited higher construction costs.

About the Survey
Turner's 2012 Green Building Market Barometer surveyed 718 executives in
October 2012. The executives participating in the survey were from the
following principal types of companies: architecture (49%), construction
(19%), real estate consulting (11%), corporate owner-occupant (9%), developer
(9%), engineering (9%), real estate owners (7%), corporate tenant (3%), and
broker/real estate service provider (2%), (These percentages total to more
than 100% since some companies were involved in more than one industry
segment.)

As in the 2010 survey, email invitations were sent to subscribers of several
real estate publications. The percentage of respondents who came from email
invitations sent to subscribers of Environmental Design & Construction was
significantly greater in the 2012 survey (83%) than in the 2010 survey (34%).
In general, subscribers to this publication were more positive about Green
buildings than other respondents. To gain a more representative picture of
industry perceptions and to ensure comparability with the prior survey, the
2012 data were weighted so that the responses of subscribers to Environmental
Design & Construction had the same weight as they did in the 2010 survey.

To view the full report, please send an email to: turner@tcco.com

About Market Barometer
Since 2005, Turner Construction has conducted bi-annual surveys of
executiveson Green building issues. The surveys provide insight into how
industry executives view environmentally-sustainable buildings and the growing
awareness of its importance in today's construction industry. The surveys show
how opinions on the subject have evolved and give an indication of trends by
comparing responses to similar questions over time. As the leading green
builder in the US, Turner believes that it is of great importance to monitor
attitudes and opinions on this subject.

About Turner Construction
Turner Construction Company is the leading general builder in the U.S.
Engineering News-Record currently ranks the company as the nation's largest
builder of green, healthcare, education, hotels, motels & convention centers,
and correctional facilities.For more information, visit
www.turnerconstruction.com.

SOURCE Turner Construction Company

Website: http://www.turnerconstruction.com
Contact: Michael Deane, Vice President, Chief Sustainability Officer,
+1-212-229-6142, mdeane@tcco.com; Chris McFadden, Vice President
Communications, +1-212-229-6145, cmcfadden@tcco.com; Julia Bonner, Adam
Friedman Associates, +1-917-675-6248, julia@adam-friedman.com
 
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