Benefit Cost Analysis
A Benefit Cost Analysis (BCA) is an important part of the funding of a mitigation measure. Tidal Basin has the expertise to assist organizations in completing a BCA and the overall mitigation applicant.
A BCA is a method for determining the potential positive beneficial effects of a mitigation measure and comparing them to the cost of that measure. The result desired is a reduction in future damages from future hazards. The BCA may also be used to evaluate alternative projects to determine the best alternative. The end result of a BCA is a benefit cost ratio (BCR), which is derived from a project’s total net benefit, divided by its total cost. The BCR is a numerical expression of the cost effectiveness of the project. BCR’s of 1.0 or greater have more benefits than their costs, and are therefore considered cost effective.
FEMA will only consider funding hazard mitigation measures that are cost effective and are demonstrated through an approved FEMA methodology such as FEMA’s BCA toolkit; available on the FEMA website.
Who have we helped?
Our experts have helped numerous communities, businesses, organizations, and more to better plan and mitigate against adverse effects from disasters. We encourage you to look through our references, testimonials, and case studies, and to contact us for further information.