Building surveying > Whole life performance
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Life cycle costing - Planning ahead
29 April 2010
Alan Cowan reports on the use of life cycle costs in facilities management. A series of International Standards (ISOs) advising on planning the service life of buildings and...
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European life cycle costing - A Members' framework
08 April 2010
Nora Popescu-Kirby outlines progress with the adoption of a common EU life cycle costing methodology. The importance of developing a European life cycle costing (LCC) approach in public...
Summary
Whole life performance and whole life costing are increasingly the approaches used by clients to procure buildings, maintain assets and make strategic decisions about their built stock. No longer is initial cost the overriding factor in specifying a building or constructed asset. Practitioners have the opportunity to apply whole life performance and costing approach to many aspects of their work in order to provide: professional advice in evaluating and comparing options; models for financial and planning issues; and a benchmark to compare alternatives and monitor performance. Definitions, options, assessment, challenges, and alternative approaches to whole life performance and costing are described in this section.
This section is maintained by Peter Mayer of BLP.
Resources
- Glossary
- Features
- Legislation
- RICS practice standards
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Worksmart tools
- Contract Administrator
- ProForms
- Survey Writer
- Official guidance and drivers to use whole life performance
- Definition of whole life performance
- Cost measures
- Whole life cost measures
- Make up of whole life costs
- Procurement routes which require a whole life approach
- Whole life performance and whole life costs to benefit the client
- Option appraisal
- Best value assessment
- Presenting whole life cost data
- Benchmarking
- Planning maintenance and finance budgeting
- Alternative approaches to whole life performance and costing
- Building up whole life costs
- Dealing with change and obsolescence
- Key legal issues
- Further information on whole life performance