Pay Now or Pay Later Controlling Cost of Ownership from Design Throughout the Service Life of Public Buildings (1991) / Chapter Skim
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1 Introduction
1 Introduction
Pages 1-4
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2 asked the Building Research Board (BRB) to undertake a study of the use of life-cycle cost analysis -- a formal set of principles and procedures for considering total costs of ownership -- for setting building design criteria.
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The committee's work was motivated by federal agencies, but the topic of study is relevant to architects and engineers, owners, and managers of all government buildings and other constructed facilities. To the extent that facilities are built and used by the same institution, the same concerns apply in the private sector as well.
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Sometimes budget constraints impose pressures to reduce construction costs and lead in turn to design choices that raise O&M requirements. Similar pressures in the planning and design stages may underlie neglect to perform analyses and reduced effort to develop feasible alternatives that would save money in the long run.
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The following chapters present the committee's assessment of the problems that federal agencies and others encounter in trying to construct buildings that yield effective service at low ownership costs and how life-cycle cost analysis may be used to help solve these problems. Chapter 2 briefly describes the underlying principles of life-cycle cost analysis as they relate to the real problems faced by facilities, designers and managers.
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