Additional risks
Benefit-Cost Analysis
Flood and property projects
• Unsupported values, missing source documents, or assumptions that are not referenced. • Using the wrong recurrence interval for historic events or relying on weak damage histories. • Failing to account for residual risk after project implementation. • Treating pre-calculated benefits as a shortcut for documentation quality; they still require the right eligibility proof.
• For acquisition/elevation/reconstruction projects using pre-calculated benefits, confirm the structure is in the Special Flood Hazard Area. • Show the building footprint relationship to the SFHA clearly on the mapping. • Document fair market value correctly for acquisition projects, typically with a recent appraisal. • Address tenant-occupied properties, relocation implications, future conditions, and long-term floodplain compliance early.
© Tidal Basin Group and Michael Baker International. All rights reserved. 17
Powered by FlippingBook