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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5 Controlling Life-Cycle Costs of Ownership
5 Controlling Life-Cycle Costs of Ownership
Pages 31-38
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From page 31... ...
Changes in agency mission, new technology, and random events may define an economic life and lead to substantial new construction or changes in O&M requirements throughout a longer service life. The basic structure of the building may have, In effect, an indefinite service life, while such subsystems as roofs, mechanical equipment, electrical components, plumbing, and interiors may undergo frequent changes and replacements.
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From page 32... ...
However, the committee notes again that setting such criteria is likely to increase the total costs of ownership, compared to levels anticipated with effective life-cycle management. The committee therefore recommends that guide criteria not determined by requirements for life safety, public health, or mission success should be changed on a case-by-case basis, when such change is shown by life-cycle cost analyses to produce savings or to increase certainty that costs can be controlled throughout the service life.
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From page 33... ...
Awards for facilities that have delivered 5 to 10 years of appropriate performance at low cost should recognize the entire life-cycle management team -- planners, designers, constructors, and O&M personnel. These awards also will establish incentives for data collection to document life-cycle costs As guidance to planners and designers who must conduct lifecycle cost analyses and make recommendations to decision makers, agencies should prepare annually updated assessments of the uncertainties and · , .~..~ne e as.
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From page 34... ...
Agency staff and their consultants should assure that all value engineering proposals under such programs include a realistic analysis of life-cycle costs and should carefully review these proposals. Training of procurement and professional staff may be needed to facilitate clear understanding of the net impact that value engineering proposals may have on future agency expenses.
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From page 35... ...
351 he Woods Hole workshops, a series of meetings sponsored by the Building Research Board from 1983 to 1987, defined many of the principles now being implemented to support integrated data bases. See, for example, Committee on Advanced Technology for Building Design and Engineering (1986)
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From page 36... ...
Such support could be supplemented by working with professional organizations and accreditation boards to assure that life-cycle cost analysis and management principles are an integral part of the knowledge imparted to building professionals. Professional school accreditation organizations should include life-cycle cost principles as an evaluation factor in accreditation reviews.
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From page 37... ...
Wherever possible, agencies should establish facility endowments, sinking funds, or other formal financial mechanisms to assure adequate resources to implement previous life-cycle management decisions. While economic policy makers often discourage such earmarking of funds, these mechanisms are essential to the management of long-lived facilities in a setting characterized by responses to short-term issues.
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From page 38... ...
References Committee on Advanced Technology for Building Design and Engineering, 1986, Report from the 1985 Workshop on Advanced Technology for Building Design and Engineering, Building Research Board, National Academy Press, Washington, D.C. Marshall, H
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