Estimating Facility Life-cycle Costs

Estimating Facility Life-cycle Costs is a critical aspect of facilities management.

Key elements associated with Estimating Facility Life-cycle Costs include the following:

  • Experience
  • Detailed Project Data
  • Systems costs and systems life-cycles
  • Detailed unit price line item information
  • Current and desired physical condition levels
  • Annual expenditures for operations and maintenance
  • Used of standardized data architectures (CSI Uniformat, CSI Masterformat)
  • Use of common, easily understood industry terms and definitions
  • Building models for multi-year capital planning – including system-level models, linked to unit price data and energy use models, etc.)
    • Expected system/assembly life-times
    • Current percentage of life used
    • Failure mode/failure distribution – percentage and associated curve
    • Priority – system criticality

Managing Life-cycle Costs

With respect to efficiently executing the numerous repetitive renovation and repair costs during the life span of a facility, Job Order Contracting, JOC is a LEAN collaborative construction delivery method that has proven capable of delivering over 90% of project on-time, on-budget, and to the satisfaction of all parties.  Learn more about JOC?

Estimating Facility Life-cycle Costs

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