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    Loss estimation and data storage methods utilised by stakeholders involved in residential reconstruction - A study of the Canterbury earthquake

    Burrell, Daniel

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    Date
    2011
    Citation:
    Burrell, D. (2011). Loss estimation and data storage methods utilised by stakeholders involved in residential reconstruction - A study of the Canterbury earthquake. (Unpublished document submitted in partial fulfilment of the requirements for the degree of Bachelor of Construction). Unitec Institute of Technology. Retrieved from https://hdl.handle.net/10652/1782
    Permanent link to Research Bank record:
    https://hdl.handle.net/10652/1782
    Abstract
    The importance of natural disaster economic loss estimations cannot be overstated. They help to assist policy maker in mitigation decisions, risk assessments and track the losses which occur due to such events. Despite this New Zealand has not employed a systematic method to estimate or record the losses which have occurred as a result of natural disasters therefore the records are poor. The Canterbury Earthquake is one the most significant natural disasters in New Zealand’s history, with economic loss occurring at all levels of the economy. There are numerous complexities regarding how to measure this loss, and what should be included and excluded in these estimates. To further complicate this there are unique factors to this event such as the government’s intervention with red zone residents. Loss estimates in the past have relied heavily on insurance information and this is one of the main sources of data for large scale events. This research aimed to investigate the estimation and data storage methods utilised by stakeholders involved in the residential reconstruction of Christchurch and compare the findings to the literature reviewed. By conducting six semi-structured interviews with Insurance and Project Management Companies operating in Christchurch this exploratory research has allowed comparisons between the Insurance Companies, Project Management Companies and the literature with reference to estimation and data storage methods. Although not all companies interviewed utilised an estimation method the research has found that there is a lack of consistency of process and method within the industry, which is in-line with the main findings from the literature. This was due to a number of factors most notably the lack of regulation within the industry and the competitive environment in which they operate. Due to the inconsistency there could be advantage in employing a systematic framework and centrally storing the information, however this too has its limitations and issues to overcome.
    Keywords:
    Canterbury earthquake, natural disasters, loss estimation, data storage
    ANZSRC Field of Research:
    120599 Urban and Regional Planning not elsewhere classified
    Degree:
    Bachelor of Construction
    Supervisors:
    Kestle, Linda
    Rights:
    This digital work is protected by copyright. It may be consulted by you, provided you comply with the provisions of the Act and the following conditions of use: Any use you make of these documents or images must be for research or private study purposes only, and you may not make them available to any other person. You will recognise the author's and publishers rights and give due acknowledgement where appropriate.
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    • Construction + Engineering Undergraduate Research [25]

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