The Coronavirus Aid, Relief, and Economic Security (CARES) Act passed by Congress and signed into law March 27th, 2020 included over $2 trillion in economic relief to help offset the impacts of COVID-19. It also included tax savings for businesses, including options for commercial and industrial facilities to take advantage of Qualified Improvement Property (QIP) investments under section 168 of the Act. According to accounting firm KBKG, Qualified Improvement Property (QIP) is defined as any improvement made by the taxpayer to an interior portion of a building that is nonresidential real property as long as that improvement is placed in service after the building was first placed in service by any taxpayer (Section 168(k)(3)).” For full details, download the PDF from the IRS.
As businesses reopen and employees return to work during the COVID-19 pandemic, it’s now more important than ever to improve safety precautions and reduce liability by following health guidelines through the sanitization of common areas and equipment. BuildingReports' recent update to SafetyScan will allow facility management professionals to track and provide verifiable reporting on disinfection efforts.
While the virus has been shown to be predominately passed from person to person by close contact, it is possible to contract COVID-19 and other respiratory disease from an infected surface by touching the mouth, nose, or possibly eyes after contact. Some projections as to how long the virus can live on various porous and non-porous surfaces have been provided by authorities, research is still underway to provide better guidance.
This is part 2 of a 2-part series to help consolidate important information for BuildingReports & ComplianceCenter Members for easy reference. Read Part 1 here.
How BuildingReports Is Assisting the Membership Network
BuildingReports is currently working remotely to ensure business continuity and uninterrupted operations for our entire membership network (AHJ’s, Service Companies and Facilities). For our ScanSeries members (premium barcode scanning services), BuildingReports University wants to help your ITM teams and administrators stay productive and increase their working knowledge of ScanSeries and Building Reports during the COVID-19 outbreak, by providing complimentary online training, further information via these links:
The following is part of an ongoing series of thought leadership contributions from BuildIngReports' network of over 900 Service Members during the COVID-19 pandemic. We hope that facility management professionals, especially those with more downtime than normal, find them useful in advancing their knowledge during this time. Thank you to Guardian Security and Bob Vezzani for the contribution!
When annual fire inspection time rolls around – or, a property receives notification that the fire department wants to see an inspection completed on demand – it can be a stressful time for managers of a commercial property. To address this, here are some recommendations for businesses of all sizes.
The following blog post was provided by BuildingReports' Service Member, Performance Systems Integration. For more information or to contact them regarding inspection, testing and maintenance services in the Pacific Northwest, visit www.psintegrated.com.
As COVID-19 continues to change the world we live and work in, many businesses are forced to send their workers home. Therefore, some employers and building managers may feel that maintaining and complying with fire and life safety measures during the pandemic is unnecessary.
For more information on guest contributor State Systems Inc. and the services they provide, visit their website here.
Your building relies on a network of fire protection equipment to keep your building and its occupants safe from fire. One of the most important features is the automatic sprinkler system, which acts as the first line of defense against fire, even if the building is vacant.
As buildings become increasingly vacant with the exception of essential service functions, the National Fire Protection Association has provided official guidance for authorities to ensure the continued working order and compliance of critical facility systems.
The following is an excerpt from the September issue of BUILDINGS. To read the full article by Justin Feit, click the link below.
Do you use different BuildingReports Members for your various fire and life safety system inspections and reporting? Or, do you manage numerous building(s) serviced by different providers? If so, there is now a way to consolidate all of your reports under any account login.