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    Loss estimation methods utilised by stakeholders involved on residential post-canterbury earthquake reconstruction.

    Burrell, Daniel; Kestle, Linda

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    cibwbc2013_submission_433.pdf (84.47Kb)
    Date
    2013
    Citation:
    Burrell, D., and Kestle, L. (2013). Loss estimation methods utilised by stakeholders involved on residential post-canterbury earthquake reconstruction. In S. Kajewski, K. Manley & K.Hampson (Eds.), Proceedings of the 19th International CIB World Building Congress(Ed.), Brisbane: Queensland University of Technology
    Permanent link to Research Bank record:
    https://hdl.handle.net/10652/2909
    Abstract
    The importance of natural disaster economic loss estimations is paramount, in terms of assisting policy makers in mitigation decisions, risk assessments and tracking losses as they occur. Historically the New Zealand construction industry and associated affiliate stakeholders has not employed a systematic method to estimate, or record the losses that have occurred as a result of natural disasters. Therefore records are lacking. The Canterbury earthquake of February 22nd 2011 in particular, was the most significant natural disaster in New Zealand’s history, with economic loss occurring at all levels of the New Zealand economy. There have been numerous complexities around how to measure this loss, and what should be included or excluded in the estimates. Government’s direct intervention in respect of residents’ red zoned properties has added a further complication when trying to establish realistic loss estimation methods and data storage. Loss estimations have historically relied heavily on insurance data collected after large scale events. This exploratory research aimed to investigate the loss estimation methods / evaluative processes utilised by stakeholders involved in the post-disaster residential sector of Christchurch, and compare the findings to the reviewed literature. Semi-structured interviews were conducted with six selected participants from five insurance and project management companies in Christchurch. The findings suggested that there is a lack of regulation, no systematic framework, nor any consistency of process within the New Zealand construction industry, or their associated stakeholders.
    Keywords:
    loss estimation, Christchurch 2010-2011 earthquakes, residential sector, disaster management, insurance
    ANZSRC Field of Research:
    1299 Other Built Environment and Design
    Copyright Holder:
    International CIB World Building Congress
    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 Conference Papers [198]

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