New Lead-Paint Law Heavy on Budgets

New Lead-Paint Law Heavy on Budgets
Wall Street Journal (05/18/10) P. B5; Needleman, Sarah E.

New rules from the U.S. Environmental Protection Agency (EPA) requiring contractors and other renovation professionals to abide by stringent safe work practices when working on buildings erected prior to the country's ban on lead paint in 1978 have contractors, property management firms, and property owners worried about compliance costs. In addition to purchasing lead-testing kits, plastic sheeting, respirators, protective clothing, and other lead-safety materials, companies will have to pay $300 every five years to certify at least one worker and cover the costs of eight hours of training. Although the EPA expects the rules to add anywhere from $8 to $167 to the costs of interior jobs -- more for exterior projects -- Guardian Preservation Services Inc. CEO Michael Davis expects equipment and labor expenses to rise by $160,000 to $300,000 annually.
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