Whole-life Economics of Building Services
| Author | : Ronald Hurst |
| Publisher | : |
| Total Pages | : 499 |
| Release | : 2005 |
| Genre | : Construction industry |
| ISBN | : 9780904237269 |
Whole Life Economics Of Building Services
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Whole Life Costing for Sustainable Building
| Author | : Mariana Trusson |
| Publisher | : Taylor & Francis |
| Total Pages | : 153 |
| Release | : 2019-11-05 |
| Genre | : Architecture |
| ISBN | : 131728996X |
Whole life costing is now integral to building procurement, both for new buildings and major refurbishments. It is key when assessing investment scenarios for estates as well as individual buildings, and has become a tool for justifying higher capital cost items. Standard whole life costing methods combine capital cost, facilities costs, operational costs, income and disposal costs with a “single action–single benefit” approach. Costing based on this type of single attribute assessment misses out on realising value from the intricacies of the interactions buildings have with their occupants, users and the location in which they are placed. In contrast, the multi-attribute approach presented by the author of this book explains how to analyse the whole cost of a building, while also taking into account secondary and tertiary values of a variety of actions that are deemed important for the project owners and decision-making stakeholders. The process is an effective tool for presenting a good business case within the opportunities and constrains of real life. For example, it presents the interdependencies of how: Building location affects servicing strategies which impact on maintainability and control and, by extension, on occupant comfort; Material selection affects time on site, building maintainability as well as overall building quality and the environment; Building shape impacts on servicing strategies as well as operating costs. The reader will be shown how to incorporate this method of whole life valuation into standard cost models allowing for a more robust decision making process. This is done by breaking down project aims into their most basic aspects and adopting the methods of simple quantitative risk analysis, the functionality of which is based on real data. Written by an author immersed in project team collaboration to identify the interdependencies of design decisions throughout her professional life, this is the most practical guide available on the topic.
Pay Now or Pay Later
| Author | : National Research Council |
| Publisher | : National Academies Press |
| Total Pages | : 73 |
| Release | : 1991-02-01 |
| Genre | : Technology & Engineering |
| ISBN | : 0309044812 |
Buildings and other public facilities can have very long and productive service lives, providing efficient shelter and serving a wide range of activities. To do so, however, these facilities must be managed effectively, in a manner consistent with key design decisions. A variety of political and technical obstacles to effective management raise the public's total cost of ownership for these facilities, particularly when actions to deal with short-term government budget deficits have long-term, high-cost consequences. This book identifies obstacles to controlling the costs of ownership and suggests ways these obstacles can be overcome.
Life Cycle Costing for Construction
| Author | : J.W. Bull |
| Publisher | : Routledge |
| Total Pages | : 172 |
| Release | : 2003-10-04 |
| Genre | : Architecture |
| ISBN | : 113569785X |
The construction industry is becoming increasingly aware of the need to adopt a holistic approach to the design, building, and disposal of structures. With 60 per cent of the total construction budget in most developed countries being spent on repair and maintenance, there is an obvious need to design for reliability and durability, with more carefully planned maintenance and repair schedules. One important facet is to look at how costs are distributed and spent during the lifetime of a structure: an approach known as life cycle costing, which has the ultimate aim of minimising total lifetime expenditure. As an example, choosing an inexpensive coating for steelwork may require maintenance every three years, whereas a coating which is more expensive may require repairing only once per decade. It is a question of balance - taking the lifetime costs of the structure into consideration. This new book provides an insight into how whole life costing is affecting our approach to designing, building, maintaining and disposing of structures. The book is written for consulting engineers in the fields of civil and structural engineering, building designers, architects, quantity surveyors, refurbishing specialists, as well as practising civil and structural engineers engaged in planning, design, construction, repair and refurbishment of structures.
New Generation Whole-Life Costing
| Author | : Ian Ellingham |
| Publisher | : Routledge |
| Total Pages | : 267 |
| Release | : 2007-05-07 |
| Genre | : Architecture |
| ISBN | : 1134279191 |
New Generation Whole-Life Costing presents an innovative approach to decision-making and risk management for construction and real estate. It applies the options-based approach that has revolutionized the management of uncertainty in the business world. Based on government-sponsored research at Cambridge Architectural Research Ltd., the book introduces the idea of 'lifecycle options'. The desirability of whole-life costing is widely accepted, but take-up levels have been low. One problem is that traditional techniques fail to take account of future uncertainty. In contrast, the new options-based approach considers a diversity of possible futures, and favours flexible strategies that incorporate lifecycle options. This approach leads to more cost-effective and sustainable decisions, minimizing the risk of under- or over-investment. This book is structured around realistic case studies that demonstrate the prevalence of lifecycle options. These case studies are backed up by clear presentation of basic principles and mathematical techniques allowing the book to be read either as a stimulating introduction to new concepts, or as a guide to mathematical methods.
Whole Life Appraisal
| Author | : Roger Flanagan |
| Publisher | : Wiley-Blackwell |
| Total Pages | : 192 |
| Release | : 2005-03-04 |
| Genre | : Technology & Engineering |
| ISBN | : 9780632050468 |
Whole life appraisal entails a review not just of the capital costs of a project, but also the running and maintenance costs and is increasingly being required by clients seeking maximum value for money. This new book provides an introduction to the subject, discusses issues such as investment appraisal and life expectancy of components, and shows by means of case studies how to carry out a whole life appraisal.
The Economics of Property Management
| Author | : Herman Tempelmans Plat |
| Publisher | : Routledge |
| Total Pages | : 210 |
| Release | : 2001 |
| Genre | : Architecture |
| ISBN | : 0750651237 |
The economic analysis of a building is a complex subject and traditionally it has focused on a single aspect of the structure or a single part of the construction process. Dr Tempelmans Plat is a leading proponent of a new methodology which focuses on the building as a stock of services to be supplied over a long lifespan. This method is more realistic since it takes into account the changes in use and the adaptation of the building over its life. This book will be the first to make this method comprehensible to a wide audience of postgraduate students and professionals in the field of construction economics.
Building Services Component Life Manual
| Author | : BPL (Building LifePlans) |
| Publisher | : Wiley-Blackwell |
| Total Pages | : 144 |
| Release | : 2001-02-08 |
| Genre | : Technology & Engineering |
| ISBN | : 9780632058877 |
Here at last is the definitive source of robust data on the durability and maintenance requirements of mechanical and electrical plants. This unique manual provides much-needed guidance on the whole-life performance of building services components - which often account for 60% of a building's running costs. Service lives of components are explained - from control valves to hydraulic lifts, and are ranked according to recognized quality benchmarks, with adjustment factors for differing environments, use patterns and operating regimes. Summaries of typical inspection and maintenance requirements are given, along with specification guidance and references to further detailed sources of information. This comprehensive durability manual provides essential data for whole-life costing and maintenance planning exercises by explaining: * service lives of the most common components * key durability issues * whole-life performance benchmarks * the most frequent failure modes The research for this manual was carried out by Building Performance Group Ltd (BPG), under the sponsorship of Defense Estates, an executive agency of the UK Ministry of Defense. Over the last ten years BPG has worked in the field of component durability, embracing component data from condition surveys, defects investigation and involvement with latent defects insurance for Housing Association Property Mutual and Building LifePlans Ltd (BLP). It is under the aegis of BLP, which utilizes the component durability data to support its long-term insurance products for commercial buildings, that this manual has been published. BPG and its subsidiary company Construction Audit Limited have gained an international reputation in the field of component durability. This book is the latest of a number of publications about component durability and defects avoidance. BPG has recently been commissioned to draft Parts I and III of a new international standard on durability. Part I has now been published and Part III is out for international comment.
Economics of Property Management: The Building as a Means of Production
| Author | : Herman Tempelmans Plat |
| Publisher | : Routledge |
| Total Pages | : 209 |
| Release | : 2012-06-25 |
| Genre | : Architecture |
| ISBN | : 1136408797 |
The economic analysis of a building is a complex subject and traditionally it has focused on a single aspect of the structure or a single part of the construction process. Dr Tempelmans Plat is a leading proponent of a new methodology which focuses on the building as a stock of services to be supplied over a long lifespan. This method is more realistic since it takes into account the changes in use and the adaptation of the building over its life. This book will be the first to make this method comprehensible to a wide audience of postgraduate students and professionals in the field of construction economics.
Project Life Cycle Economics
| Author | : Mr Massimo Pica |
| Publisher | : Gower Publishing, Ltd. |
| Total Pages | : 441 |
| Release | : 2015-04-28 |
| Genre | : Business & Economics |
| ISBN | : 1472419669 |
The financing of modern construction projects reflects the need to address the costs and benefits of the whole life of the project. This means that end of life economics can now have a far greater impact on the planning and feasibility phases. During the project itself, decisions on construction materials and processes all influence the schedule as well as both immediate and down-the-line costs. Massimo Pica and his co-authors explain in detail the fundamentals of project life cycle economics and how they apply in the context of complex modern construction. This is an essential guide for those involved in construction project design, tendering and contracting; to help ensure the sustainability of the project or their contribution to it, from the start. It is also important for those involved in the delivery of the project to help them make the choices to keep the project on a financial even keel. Government, corporations and other organizations are looking for new models of collaborative working to fund their large construction and infrastructure projects in the face of changing attitudes to risk; a better educated and more demanding base of end-user clients and the increasing requirements for projects that are environmentally responsible and sustainable. Project Life Cycle Economics is a fundamental primer for those commissioning and those delivering construction.
