Announcing the New ATC-138 Functional Recovery (Beta) Method!
The Applied Technology Council, researchers at CU Boulder, and SP3 teams are pleased to co-announce the release of the ATC-138 Functional Recovery (Beta) Method. This announcement accompanies the official ATC release sent earlier this week (available here).
With the resilient design movement taking off, our teams have been working diligently over the past 3 years to bring you a next-generation method to quantitatively estimate post-earthquake building recovery time. This new method builds on the FEMA P-58 building-specific seismic risk assessment framework, which quantifies damage at the component-level, and which is now arguably the best available technology for seismic risk assessment, for assessing both building downtimes and financial losses.
The Functional Recovery Method supports resilient design and retrofit of both new and existing buildings, enabling project stakeholders to see how design decisions affect the recovery time of a building, and ultimately providing quantitative results to demonstrate achievement of Functional Recovery goals (e.g. function within a week after the earthquake).
The Functional Recovery Method also enables enhanced seismic risk assessment of existing buildings, often used for due diligence studies. Building owners and investors are increasingly concerned not just about building repair costs, but also functional recovery time, i.e. business interruption. This method supports USRC Transaction Ratings and conforms to the ASTM Seismic Risk Assessment Standards.
The Functional Recovery Method is also available in SP3-Portfolio, which can now be used to assess community-level resilience, as well as resilience of specific portfolios of buildings (in terms of downtime, in addition to financial losses).