Billions of Dollars - Cost of Chinese Drywall Remediation

By Tudor Van Hampton, ENR.com, 04.06.2010

Owners of homes and other buildings containing Chinese drywall now have a clear directive from the federal government: Tear out "all possible problem drywall" and replace it, the U.S. Consumer Product Commission and Dept. of Housing and Urban Development advised on April 2.

In addition, owners should replace all electrical systems, gas piping, sprinkler systems, smoke alarms and carbon monoxide alarms, whose metal components corrode under high levels of hydrogen sulfide. Who will pay for the work remains unclear, but total losses and litigation could cost in excess of $25 billion nationwide, according to New York-based consulting firm Towers Watson. It released that estimate last summer, while complaints to the CPSC have continued to rise........read more

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Posted by ProTech at 4/7/2010 10:52 AM
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