December 2022 CAI-NJ

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PREDICTIONS... from page 36.

tants, and online artificial intelligence chat features will make community liv ing and management more efficient. Steven Lang, R.A., AIA, NCARB, Principal — The Falcon Group – Engineering, Architecture & Reserve Specialists (Engineering) With new legislation on the horizon designed to impose stricter require ments on routine building evaluations and reserve studies in the wake of the Champlain Towers collapse, I predict an increased, industry-wide emphasis on both building safety and the financial health of communities. Associations should begin evaluating now the health of their maintenance and capital replacement funding. Starting this process even before the inevitable structural integrity legislation passes will give communities a head start on the adjustments that are likely to be painful for the communities that wait and get caught by surprise. Robert Puterman, Owner – Regal Restoration USA (Construction) The COVID-19 pandemic reinforced the fact that unpredictability is a constant variable. Dealing with unprecedented challenges taught us to be even more mindful of market volatility and the asso ciated ripple effects, such as 10 - 15% quarterly material increases and 9 to 14-month material lead times resulting from labor shortages and supply chain issues. These lessons will carry into 2023 and beyond in the construction industry. Contractors will need to con CONT I NU E S ON PAGE 40

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