Life Cycle Costing of a Building
We are professionally qualified and trained to handle life cycle costing for all types of buildings, ranging from small residential units to complex industrial/commercial developments.
ISO 14040 and The British Standard (BS15686 Part 5) defines life cycle as a systematic set of procedures for compiling and examining the inputs and outputs of materials, energy and associated environmental factors attributed to the functioning of a product or service system throughout its life cycle.
Why at CMT We Bother about Life Cycle Costing.
- We lay bare what is invisible. A building (an investment) is like an Ice-berg where the initial acquisition cost is like the top tip, and running costs is what is under the water and not visible. We investigate and bring forth hidden running costs to help client make informed investment decision.
- We help client reduce operational costs, chose the right building/investment and meet financing criteria in order to access funds.
- Where there is sunk money (already purchased/developed), we advise on management strategy, recommend on optimal holding period and determine scrap value.
We have done several major works in this area, most of which we signed a client confidentiality agreement. However, this can be shared on special request subject to our client’s approval.
Who Stands to Benefit from Life Cycle Costing:
- Design Architects
- Real Estate Investors
- Non-governmental (Non-Profit) Organisations Looking for Real Value for Money
- Government Institutions for Budgeting Purposes
- Real Estate Research Organisations
- Individual Property Owners.
Get in touch with us for more information.
