Life Cycle Cost: Category, Costing Technique, and Application
The Constructor
APRIL 11, 2022
Life cycle cost (LCC) is defined as the cost of an asset or its parts throughout its life cycle while fulfilling the required performance. Whole life.
Life Cycle Related Topics 
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LIFE CYCLE COST IN CONSTRUCTION PROJECTS
The Constructor
APRIL 22, 2014
Life cycle cost in construction projects is a process of economic decision analysis, which helps taking decisions on investments in new construction. Construction Construction Costing Construction Management Construction Project Project Management
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Improving Public Sector Facilities Life-cycle Management – Hard Questions MUST be asked and ANSWERED!
Job Order Contracting
AUGUST 25, 2022
Improving public sector facilities life-cycle management is critical to the economy, the environment, and to our safety. contact-form] The post Improving Public Sector Facilities Life-cycle Management – Hard Questions MUST be asked and ANSWERED!
Life-cycle FM – Asset Total Cost of Ownership Management
Job Order Contracting
JANUARY 24, 2021
Life-cycle FM – Asset Total Cost of Ownership Management considers the cost off facilities planning, design, acquisition, operation, maintenance and disposal costs. The post Life-cycle FM – Asset Total Cost of Ownership Management appeared first on 4BT.
Construction Project Life Cycle – Phases in Life Cycle of a Construction Project
The Constructor
NOVEMBER 25, 2016
Every individual involved in the process of planning, designing, financing, constructing and operating physical facilities related to the project. Construction Construction Management
LEAN Life-cycle Management of the Built Environment
Job Order Contracting
MAY 22, 2020
LEAN Life-cycle Management of the Built Environment is a robust, collaborative approach integrating planning, design, acquisition, operation, maintenance & disposal. LEAN Life-cycle Management of the Built Environment.
LIFE CYCLE COST IN CONSTRUCTION
The Constructor
APRIL 22, 2014
Life cycle cost in construction projects is a process of economic decision analysis, which helps taking decisions on investments in new construction. Construction Construction Costing Construction Management Construction Project Project Management
Ready mix concrete life cycle
GCP Applied Technologies
MARCH 3, 2020
Ready mix concrete life cycle. Air entraining agents are concrete admixtures that entrain air in concrete when a structure will be exposed to moisture, freeze thaw cycles and deicing chemicals. Ready mix concrete life cycle. michael.delros…. Tue, 03/03/2020 - 19:28.
LEAN, BIM, and Measurably Improving Facilities Life-Cycle Management
Job Order Contracting
OCTOBER 4, 2019
BIM (Building Information Modeling) is the efficient management of the life-cycle of the built environment supported by digital technology. The most significant benefit is total-cost-of-ownership management throughout the life-cycle of a physical asset. O&M costs far exceed those of any previous phase, averaging 70% to 80% of total life-cycle costs.
Estimating Facility Life-cycle Costs
Job Order Contracting
AUGUST 4, 2017
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. Systems costs and systems life-cycles. Expected system/assembly life-times. Current percentage of life used. Managing Life-cycle Costs. What to learn more about Estimating Facility Life-cycle Costs?
LEAN Facilities Asset Life-cycle Management
Job Order Contracting
DECEMBER 4, 2017
LEAN Facilities Asset Life-cycle Management can be accomplished by integrating previously disparate competencies, technologies, and information. The post LEAN Facilities Asset Life-cycle Management appeared first on 4BT. LEAN Facilities Asset Life-cycle Management UncategorizedIt requires that the owner demonstrate leadership and possess requisite skills. Focus is upon process.
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Life-cycle Costs for a Commercial Building
Job Order Contracting
APRIL 25, 2018
Understanding facility life-cycle costs for a commercial building is the first step towards maximizing efficiency and positive outcomes. There are many components of life-cycle costs: First Costs – Planning, Selection, Acquisition, Construction. While this and other LEAN construction delivery methods and tools have been successfully deployed for decades, they have only recently begun to be applied to drive efficient life-cycle management of the built environment.
Efficient Life-cycle Management of the Built Environment – An Elusive Goal in the Public Sector
Job Order Contracting
MAY 12, 2020
Efficient life-cycle management of the built environment in the public sector has remained an elusive goal. While technology vendors (BIM, CMMS, CAFM, IWMS…) often claim to have solutions, the reality is that fundamental process change is the only path to significant improvement with respect to physical asset life-cycle management. The post Efficient Life-cycle Management of the Built Environment – An Elusive Goal in the Public Sector appeared first on 4BT.
Optimizing Fleet Life Cycle Strategies
Construction Business Owner
APRIL 17, 2017
Maximizing uptime and reducing costs are fundamental drivers of construction fleet management decisions, but a firm’s diverse range of equipment can make life cycle optimization challenging. An optimized life cycle strategy based on specific operational needs and an understanding of maintenance requirements, historical data analysis and potential resale value takes the guesswork out of the equation and saves money long term
Digital Twins for the Construction Life Cycle Go Beyond the Finished Project
ENR Construction
OCTOBER 7, 2021
Digital twins are often touted because of their use for owners and facilities managers, but what about a digital twin for contractors that documents the ever-changing work site
LEAN Asset Life-cycle Management – Achieve Optimal Construction Outcomes
Job Order Contracting
OCTOBER 6, 2016
Efficient life-cycle management of physical infrastructure (facilities, roads, dams, bridges, airports, mass transit, … ) has proved equally elusive. Life-safety, environmental, economic mismanagement are the norm versus the exception. The post LEAN Asset Life-cycle Management – Achieve Optimal Construction Outcomes appeared first on 4BT.
Life-cycle Management of the Built Environment – BIM – Current Status
Building Information Management
AUGUST 21, 2014
That is to say that the “life-cycle management of the built environment supported by digital technology” is not being practiced in an efficient, transparent, consistent manner by many, if any, public or private sector Owners. The question is why? Reason #1 – Most Owners don’t understand the basic tenants/requirements of life-cycle management. Using Cycles and Quasi-Cycles to Disambiguate Dictionary Glosses , Proc.
Job Order Contracting Life-cycle Facilities Value Management
Job Order Contracting
AUGUST 28, 2017
Job Order Contracting Life-cycle Facilities Value Management and improving AECOO outcomes for all participants and stakeholders. INTRODUCTION – The goal of Job Order Contracting Life-cycle Facilities Value Management activities is to maximize the value of physical structures and assure appropriate ownership of the project outcomes over the project’s life span. Life-cycle analysis takes into account best value.
Beyond Green – High Performance Buildings, BIM, and Life-cycle Facility Management
Building Information Management
FEBRUARY 17, 2012
Also, over the life-cycle of a building, a sustainable, high-performance building will win on ROI every time as only 10%-20% of life-cycle cost go into construction, vs. operations, maintenance, etc. Efficient ongoing life-cycle management of facilities is the key to sustainability. They are simply not being monitored maintained on a proactive life-cycle basis.
Building Life-cycle Costs and Physical Asset Total Cost of Ownership Management (TCO)
Job Order Contracting
APRIL 27, 2020
Creating and monitoring building life-cycle costs is a key component of physical asset total cost of ownership management. Initial design, procurement, and construction costs of a facility account for only 10%-20% of total capital expenditures throughout its useful life.
BIM, Value Management, Life-cycle Cost Management
Building Information Management
MARCH 19, 2013
BIM is the life-cycle management of the built environment supported by digital technology. Unfortunately, too much emphasis has been placed upon 3-D visualization and other technology components vs. the process of life-cycle management. Facility / Infrastructure Life Cycle Cost: Costs associated with designing, acquiring, constructing, adapting, maintaining, repairing, and operating a built structure. LIFE CYCLE COST TECHNIQUE IN CONSTRUCTION PROJECT.
Total Cost of Ownership Life-cycle Asset Management – Facilities and other Physical Infrastructure
Job Order Contracting
NOVEMBER 1, 2018
Efficient life-cycle total cost of ownership management requires the application of LEAN processes and collaborative construction delivery methods. The post Total Cost of Ownership Life-cycle Asset Management – Facilities and other Physical Infrastructure appeared first on 4BT. facilities management standards facilities total cost of ownership management Uncategorized asset total cost of ownership BIM life-cycle facilities management TCO standards
BIM ONTOLOGY – Prerequisite to BLM – Built-Environment Life-cycle Managment
Building Information Management
MARCH 31, 2014
Life-cycle management of the built environment is not mainstream due to the following factors. Focus upon life-cycle cost vs. first-costs. Uncategorized Best Practices BIM building information management strategy collaboration integrated project delivery life-cycle lifecycle ontology People – Process – Technology are traditionally considered the cornerstones of BIM. That said, without a robust ontology BIM is virtually impossible.
Facility Life-cycle Costs and BIM
Building Information Management
FEBRUARY 6, 2013
Understanding facility life-cycle costs is a core component of any BIM strategy for Owners, AE’s, Contractors, Subs, Business Product Manufacturers, Oversight Groups, Building Users, … or any stakeholder. There are many components of life-cycle costs: First Costs – Planning, Selection, Acquisition, Construction.
Facility Life-cycle Costs and BIM
Building Information Management
FEBRUARY 6, 2013
Understanding facility life-cycle costs is a core component of any BIM strategy for Owners, AE’s, Contractors, Subs, Business Product Manufacturers, Oversight Groups, Building Users, … or any stakeholder. There are many components of life-cycle costs: First Costs – Planning, Selection, Acquisition, Construction.
Twenty-seven years: Thinking about a product’s life-cycle
Construction Marketing Ideas
MAY 28, 2018
Yesterday, I dug around our storage locker looking for a “needle in haystack” box with the early issues of the Greater Ottawa Home Builders Association (GOHBA) Impact newsletter. Finally, I uncovered it, but there still was a mystery — because I thought we had, in one move or another, lost the publication’s first issue, in […
LOD – Level of Development – BIM – Life-cycle
Building Information Management
NOVEMBER 14, 2013
Level of development (LOD) relative to the life-cycle management of the built environment (BIM) should have a solid framework relative to ONTOLOGY. While the definition of “life-cycle” has many permutations, and is likely to undergo ongoing improvement, the relationship to LOD needs to be developed in parallel. Ontology is the standardized usage/definition of terms and their associated inter-relationships.
LEAN Construction Project Delivery enables efficient life-cycle management of the built environment
Job Order Contracting
DECEMBER 12, 2017
LEAN Construction Project Delivery enables efficient life-cycle management of the built environment via a robust integration of process, actionable standardized and common information, supporting technology, and ongoing training. OpenJOC Job Order Contracting enables real property owners, contractors, architects, engineers, and building users to collaborate throughout a renovation, repair, or minor new construction life-cycle, from concept through warranty, and beyond.
Facility Life-cycle Costs: Managing the Built Environment – BIM?
Building Information Management
OCTOBER 16, 2013
What are Facility/Infrastructure Life Cycle Costs? What is life-cycle management? Is BIM the life-cycle management of the built environment supported by digital technology? What are the primary competencies and knowledge domains required to support life-cycle management of buildings and other physical infrastructure? What are the benefits of life-cycle cost management vs. a “first-cost” focus?
Facility Life-cycle Costs: Managing the Built Environment – BIM?
Building Information Management
OCTOBER 16, 2013
What are Facility/Infrastructure Life Cycle Costs? What is life-cycle management? Is BIM the life-cycle management of the built environment supported by digital technology? What are the primary competencies and knowledge domains required to support life-cycle management of buildings and other physical infrastructure? What are the benefits of life-cycle cost management vs. a “first-cost” focus?
” Evidence-based ” Life-cycle Federal Facility Management, BIM, and the Status Quo – NIBS, FFC
Building Information Management
JUNE 20, 2012
Key Topics / Take Aways: Identify and advance technologies, processes, and management practices that improve the performance of federal facilities over their entire life-cycle, from planning to disposal. Requirements for facility life-cycle management, efficient repair/maintenance/sustainability, BIM. Expected Life-cycle and Deterioration Rates for Physical Assets. Compute/Re-compute Remaining Maintenance Life.
LEAN Construction Project Delivery and Facilities Operations, Maintenance, and Life-cycle Management
Job Order Contracting
AUGUST 30, 2018
Life-cycle Management. COBie is an information exchange specification for the life-cycle capture and delivery of information needed by facility managers. From an educational standpoint, both traditional educational institutions and ongoing professional education are increasing their focus upon life-cycle management and the role of O&M. Here, a somewhat pervasive focus upon first-costs versus life-cycle costs must be addressed and altered.
BIM in Chains – Sustainability and Life-cycle Management of the Built Environment Stalled?
Building Information Management
OCTOBER 1, 2012
BIM (Building Information Modeling) is the life-cycle management of the built environment supported by digital technology. Further life-cycle management of the built environment requires significant “change management” in most organizations whether Owners, AEs, Contractors, Oversight Groups, etc. We muse initiate a wider discussion on what constitutes an appropriate, progressive life-cycle management of the built environment.
10 Steps Toward Real Property Stewardship & Life-cycle Management of the Built Environment
Building Information Management
JULY 20, 2016
Life-cycle Management of the Built Environment. Efficient life-cycle management of the built environment requires ALL of the following. Life-cycle / Total-cost-of-ownership perspective versus first-cost mentality. Uncategorized Built Environment facilities stewardship integrated project delivery IPD job order contracting JOC LEAN lean construction lean facilities management life-cycle outcomes stewardship of the built environment
10 Steps Toward Real Property Stewardship & Life-cycle Management of the Built Environment
Building Information Management
JULY 20, 2016
Life-cycle Management of the Built Environment. Efficient life-cycle management of the built environment requires ALL of the following. Life-cycle / Total-cost-of-ownership perspective versus first-cost mentality. Uncategorized Built Environment facilities stewardship integrated project delivery IPD job order contracting JOC LEAN lean construction lean facilities management life-cycle outcomes stewardship of the built environment
Efficient Construction Delivery – Life-cycle management of the build envrionment
Building Information Management
OCTOBER 20, 2014
However across the full life-cycle of a structure? Our industry, (AECOO – Architects, Engineers, Owners, Operators…), needs to focus upon the built environment from a life-cycle vs. first cost perspective. Uncategorized aecoo convergence integrated project devllivery job order contracting life-cycle Owners
BIM – Building Information Management, PLM – Product Life Cycle Management, TCO – Total Cost of Ownership, Life-cycle Management of the Built Environment
Building Information Management
NOVEMBER 1, 2013
Building Information Modeling is the life-cycle management of the built environment supported by digital technology. In the manufacturing world, PLM, product lifecycle management (PLM) is the process of managing the entire life-cycle of a product from its conception, through design and manufacture, to service and disposal. BIM is NOT single large model across all life-cycle phase definitions.
BIM Life-cycle Management Competency, Common Terms, and Change Management
Job Order Contracting
SEPTEMBER 13, 2016
BIM Life-cycle Management Competency, Common Terms, and Change Management. Forget 3D visualization, Life-cycle Management Competency and Common Terms are the most critical aspects to achieving efficient renovation, repair, maintenance, sustainability, and new construction of the built environment. Life-cycle Management of the Built Environment & LEAN Construction Delivery. Asset Life-cycle Model for Total Cost of Ownership Management.
Tool helps cities develop framework for life-cycle energy policies and track progress
BD+C
MARCH 22, 2019
The National Institute of Building Sciences (NIBS) and New Buildings Institute (NBI) developed a new tool to help cities devise a framework for life-cycle energy policies and track their progress toward efficiency goals
BIM Life-cycle Data is CRITICAL to Facility Management Economics
Building Information Management
JANUARY 3, 2014
BIM is not “rocket science”, but simply the life-cycle management of the built environment supported by digital technology. What is needed is consistent, standardized terms, metrics, and cost information and life-cycle management business processes as well as collaborative construction delivery methods. Uncategorized BIM EAS integrated project delivery IPD iwms job order contacting JOC life-cycle data
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