{"id":2351,"date":"2017-11-28T00:00:00","date_gmt":"2017-11-28T00:00:00","guid":{"rendered":"http:\/\/www.innovationanthology.com\/import\/2018\/02\/01\/innovation-anthoogy-917\/"},"modified":"2018-05-10T21:33:35","modified_gmt":"2018-05-10T21:33:35","slug":"innovation-anthoogy-917","status":"publish","type":"post","link":"http:\/\/www.innovationanthology.com\/import\/2017\/11\/28\/innovation-anthoogy-917\/","title":{"rendered":"#917: NAIT Research:  Clint Undseth on Financial Modelling for Retrofits"},"content":{"rendered":"<figure id=\"attachment_5497\" aria-describedby=\"caption-attachment-5497\" style=\"width: 225px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-5497\" src=\"http:\/\/www.innovationanthology.com\/import\/wp-content\/uploads\/2017\/11\/17NAIT_clint_Undseth-e1525987681443-225x300.jpg\" alt=\"\" width=\"225\" height=\"300\" srcset=\"http:\/\/www.innovationanthology.com\/import\/wp-content\/uploads\/2017\/11\/17NAIT_clint_Undseth-e1525987681443-225x300.jpg 225w, http:\/\/www.innovationanthology.com\/import\/wp-content\/uploads\/2017\/11\/17NAIT_clint_Undseth-e1525987681443.jpg 240w\" sizes=\"auto, (max-width: 225px) 100vw, 225px\" \/><figcaption id=\"caption-attachment-5497\" class=\"wp-caption-text\">Cliff Undseth<\/figcaption><\/figure>\n<p><a href=\"http:\/\/innovationanthology.com\/uploads\/Innovation Anthology 917.mp3\">Download MP3 Link<\/a><\/p>\n<div>Construction of office towers, condominiums and apartment buildings continues to grow, despite projected vacancy rates of 17 percent in the next couple of years.\u00a0 So why not retrofit existing buildings to accommodate new technologies and processes?<\/div>\n<div>\n<p>Clint Undseth is the Vice President of Innovation at the construction company Stuart Olson.<\/p>\n<p><strong>CLINT UNDSETH:\u00a0<\/strong>\u00a0\u00a0<em>And we\u2019ve heard a lot of talk about retrofits. \u00a0We\u2019ve heard a lot of talk about new kinds of financial models, how to monetize a new kind of retrofit investment. \u00a0There\u2019s all sorts of initiatives going on. \u00a0But the fact of the matter remains, the retrofit as an industry segment I think is lagging in many respects as opposed to the investment and the energy you put into new construction. \u00a0 Today with low capital rate of return on the money markets, I think when you look at it that way, it goes back to velocity of cash. \u00a0How are we going to show a better IRR or rate of return for the money, the investors? \u00a0We\u2019ve got to demonstrate that by doing a retrofit is good for the bottom line. \u00a0So it\u2019s all about economic modeling and proving. \u00a0It\u2019s all about financial bottom line results.<\/em><\/p>\n<p>Clint Undseth believes meeting society\u2019s expectations for economic and environmental sustainability will depend on a new mindset for collaboration and innovation.<\/p>\n<\/div>\n<div><span style=\"font-weight: bold;\">FOR INNOVATION ANTHOLOGY<\/span><\/div>\n<div><span style=\"font-weight: bold;\">I\u2019M CHERYL CROUCHER<\/span><\/div>\n<div><\/div>\n<div>\n<p>&nbsp;<\/p>\n<\/div>\n<div>\u00a0<strong>Program Date:<\/strong>\u00a02017-11-28<\/div>\n","protected":false},"excerpt":{"rendered":"<p>From NAIT&#8217;s Research &amp; Innovation Symposium, Clint Undseth of Stuart Olson talks about rising vacancy rates and the need to develop new financial models to support investment in retrofitting existing buildings.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,12,32],"tags":[],"class_list":["post-2351","post","type-post","status-publish","format-standard","hentry","category-alberta","category-engineering","category-innovation","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/www.innovationanthology.com\/import\/wp-json\/wp\/v2\/posts\/2351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.innovationanthology.com\/import\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.innovationanthology.com\/import\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.innovationanthology.com\/import\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.innovationanthology.com\/import\/wp-json\/wp\/v2\/comments?post=2351"}],"version-history":[{"count":10,"href":"http:\/\/www.innovationanthology.com\/import\/wp-json\/wp\/v2\/posts\/2351\/revisions"}],"predecessor-version":[{"id":5492,"href":"http:\/\/www.innovationanthology.com\/import\/wp-json\/wp\/v2\/posts\/2351\/revisions\/5492"}],"wp:attachment":[{"href":"http:\/\/www.innovationanthology.com\/import\/wp-json\/wp\/v2\/media?parent=2351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.innovationanthology.com\/import\/wp-json\/wp\/v2\/categories?post=2351"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.innovationanthology.com\/import\/wp-json\/wp\/v2\/tags?post=2351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}