Drones – A Brave New Technology World by WJE.
Click here for the presentation by WJE to the NAREIM Architecture & Engineering 2018 meeting in Nashville. Please note, the presentation is for informational use only and not for external distribution or publication. All copyright is retained by WJE.
Drones are having a significant impact on the due diligence process, with CRE investment managers now able to access parts of the building that would have previously taken engineers days to access, and at increased cost. Some highlights from the session included:
- Get authorized early. It was recommended managers get the correct certification/authorization from the FAA to be able to control the drones. Then you can choose your service provider to fly the drones. Don’t wait to the last moment to get the paperwork in order.
- Get the experts in. Drone flyers should be architects or engineers – they need to capture the right images and know what to look for. The architects and engineers should do a walk-through of the building first to identify areas to further investigate with the drone.
- Do the work upfront. Prepare the flight path. This is why walking the site is important. It saves time in the long-run.
- Does your firm have a drone insurance policy? Do you have a pilot policy? Is it appropriate to use a 55lb drone – the regulatory limit – or something smaller to limit liability?