Life Cycle Costing

Building Life Cycle Analysis is an economic method of project evaluation in which all costs arising from designing, constructing, operating, maintaining and ultimately disposing of an asset are considered in the evaluation of design decisions. A building must be evaluated on a number of different levels to understand its true cost over the relevant timeframe and its overall suitability for the end user’s needs. This analysis needs to include sustainability impact and the cost of maintenance and replacement over the required timeframe.  From this information, an informed decision can be made as to the most suitable asset / system / component for the project.

Costplan recognises that the key to delivering successful buildings is not simply how those buildings appear aesthetically on day one, but how they also perform over their serviceable lives. At the early stages of development projects, whilst key consideration is being given to the long-term vision and functional requirements of the client, it is also important that design solutions which allow for more efficient operation and maintenance in order to ensure all opportunities to maximise the whole life value of the proposed development is achieved.