From Habitat Magazine, NYC New Balcony Inspection Requirements Discussed

How Much Will the New, Expanded Local Law 11 Inspections Cost Boards?

By Jennifer V. Hughes

April 24, 2014 — Following a recent fatal accident involving the failure of a high-rise balcony, the well-known Local Law 11 (LL11) was updated to include not simply façade inspection every five years but also inspection of the railings on balconies, terraces, roofs and even some fire escapes. So just how much will this expanded LL11 — now called the Façade Inspection and Safety Program (FISP) — cost condo and co-op boards?

It's difficult to estimate the added costs of the new LL 11, a.k.a. FISP, saysStephen Varone, president of Rand Engineering & Architecture.

Read the whole article here http://www.habitatmag.com/Publication-Content/Legal-Financial/2014/2014-April/New-Costs-of-Expanded-Local-Law-11-FISP#.U16Pw_ldUR4