Study On Whole Life Costing

Author : Ian Ellingham,William Fawcett
Publisher : Routledge
Page : 223 pages
File Size : 53,6 Mb
Release : 2007-05-07
Category : Architecture
ISBN : 9781134279203

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New Generation Whole-Life Costing by Ian Ellingham,William Fawcett Pdf

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.

Author : Abdelhalim Boussabaine,Richard Kirkham
Publisher : John Wiley & Sons
Page : 264 pages
File Size : 52,9 Mb
Release : 2008-04-15
Category : Technology & Engineering
ISBN : 9780470759158

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Whole Life-Cycle Costing by Abdelhalim Boussabaine,Richard Kirkham Pdf

Whole life-cycle costing (WLCC) is rapidly becoming the standard method for the long-term cost appraisal of buildings and civil infrastructure projects. With clients now demanding buildings that demonstrate value for money over the long term, WLCC has become an essential tool for those involved in the design, construction, operation and risk analysis of construction projects. Whole-life costing: risk and risk responses offers a thorough grounding in both the theory and practical application of WLCC. Part I deals with the fundamentals, providing the general background to appreciate WLCC concepts and whole life risk management techniques at the key decision-making milestones through a project’s life. Part II covers the design stage, including service life forecasting and environmental life-cycle assessment techniques in WLCC. Practical frameworks both for assessing whole life risks and risk responses, as well as guidance on developing WLCC budget estimates are also developed. In Part III, the authors consider WLCC during the construction and operations stages, with a strong emphasis upon risk analysis methods and dynamic WLCC assessment. With its mixture of established theory, best practice and innovative approaches, this book will help you make more accurate assessments of the long-term cost effectiveness of projects by: providing a thorough grounding in the theory of WLCC demonstrating how decision-making uncertainty can be reduced by basing choices on sound risk management principles identifying a systematic approach to planning the post-occupancy costs.

Author : Ian Ellingham,William Fawcett
Publisher : Routledge
Page : 267 pages
File Size : 42,9 Mb
Release : 2007-05-07
Category : Architecture
ISBN : 9781134279197

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New Generation Whole-Life Costing by Ian Ellingham,William Fawcett Pdf

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.

Author : Jonathan Simm,Neal Masters
Publisher : Thomas Telford
Page : 200 pages
File Size : 42,5 Mb
Release : 2003
Category : Technology & Engineering
ISBN : 0727732323

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Whole Life Costs and Project Procurement in Port, Coastal and Fluvial Engineering by Jonathan Simm,Neal Masters Pdf

Whole life costing is not a new concept. However, thinking about costs has traditionally been segregated into boxes of capital, maintenance, operational and disruption costs, a split often emphasised by divisions of responsibility within organisations. This guide provides the necessary advice and date to break down the barriers between cost boxes so that costs can be considered holistically. This leads to more informed project decisions and can reduce costs over the life of an asset.

Author : David Hunkeler,Kerstin Lichtenvort,Gerald Rebitzer
Publisher : CRC Press
Page : 234 pages
File Size : 52,7 Mb
Release : 2008-05-29
Category : Science
ISBN : 9781420054736

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Environmental Life Cycle Costing by David Hunkeler,Kerstin Lichtenvort,Gerald Rebitzer Pdf

Balances Scientific and Economic Points of View to Thoroughly Address Management Issues Responding to the need for clarification and benchmarks, Environmental Life Cycle Costing provides the fundamental basis on which to establish a definitive methodology. Clearly defining environmental LCC, this book balances scientific and econom

Author : Mike Clift,Kathryn Bourke
Publisher : Building Research Establishment
Page : 32 pages
File Size : 48,7 Mb
Release : 2010-11-04
Category : Technology & Engineering
ISBN : 1860812805

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Study on Whole Life Costing by Mike Clift,Kathryn Bourke Pdf

This report discusses the findings of a BRE project to study whole life costing used in the construction industry

Author : David Churcher,Peter Tse (Design consultant)
Publisher : Unknown
Page : 0 pages
File Size : 41,7 Mb
Release : 2016
Category : Buidings
ISBN : 0860227499

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Life Cycle Costing by David Churcher,Peter Tse (Design consultant) Pdf

Author : Mariana Trusson
Publisher : Taylor & Francis
Page : 153 pages
File Size : 43,9 Mb
Release : 2019-11-05
Category : Architecture
ISBN : 9781317289968

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Whole Life Costing for Sustainable Building by Mariana Trusson Pdf

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.

Author : Rosalie Ruegg,Harold Marshall
Publisher : Springer Science & Business Media
Page : 492 pages
File Size : 51,6 Mb
Release : 2013-11-11
Category : Technology & Engineering
ISBN : 9781475746884

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Building Economics: Theory and Practice by Rosalie Ruegg,Harold Marshall Pdf

We no longer build buildings like we used to nor do we pay for them in the same way. Buildings today are no longer only shelter but are also life support systems, communication terminals, data manufacturing centers, and much more. Buildings are incredibly expensive tools that must be constantly adjusted to function efficiently. The economics of building has become as complex as its design. When buildings were shelter they lasted longer than their builders. The av erage gothic master mason lived 35 or 40 years. Cathedrals took 3 or 4 hundred years to build. Cost estimates were verified by great great grandchildren of the original designer. Today, creative economics has become as important as creative design and creative building. The dient brings builder, contractor, architect, and facilities manager to account in their life time. The cost of building can therefore no longer be left to chance or act of god. Solutions are no longer as ingeniously simple as those proposed by a Flor entine builder early in the 15th century. He proposed to center the dome of S. Maria deI Fiore on a great mound of earth mixed with pennies. When the job was done street urchins would carry away the dirt in their search for the pennies. This was a serious suggestion offered by an early construction manager before Brunelleschi solved the problem more sensibly.

Author : David Kernohan,John Gray,John Daish
Publisher : Architectural Press
Page : 196 pages
File Size : 41,9 Mb
Release : 1996
Category : Architecture
ISBN : UVA:X004066311

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User Participation in Building Design and Management by David Kernohan,John Gray,John Daish Pdf

This work for building design and management professionals, aims to prepare them to deal with the growing expectations and demands of building users, and providing opportunities for them to extend their services. It includes case studies to illustrate the points made.

Author : J.W. Bull
Publisher : Routledge
Page : 174 pages
File Size : 45,6 Mb
Release : 2003-10-04
Category : Architecture
ISBN : 9781135697846

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Life Cycle Costing for Construction by J.W. Bull Pdf

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.

Author : Stephen J. Kirk,Alphonse J. Dell'Isola
Publisher : McGraw-Hill Companies
Page : 262 pages
File Size : 44,9 Mb
Release : 1995
Category : Technology & Engineering
ISBN : 0070348049

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Life Cycle Costing for Design Professionals by Stephen J. Kirk,Alphonse J. Dell'Isola Pdf

This revised second edition of the standard reference for design professionals supplies an arsenal of economic weapons for constructing, operating, and managing buildings at the lowest cost possible. Everything professionals need to put the latest construction-related strategies to work is right here in one convenient, quick reference guide.

Author : Allan Ashworth,Srinath Perera
Publisher : Routledge
Page : 581 pages
File Size : 44,5 Mb
Release : 2013-09-13
Category : Business & Economics
ISBN : 9781317902935

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Cost Studies of Buildings by Allan Ashworth,Srinath Perera Pdf

This practical guide to cost studies of buildings has been updated and revised throughout for the 5th edition. New chapters have been added on the RICS New Rules of Measurement (NRM) for order of cost estimating and elemental cost planning, and on the procurement of construction projects.

Author : Valter Silva,Matthew Hall,Ines Azevedo
Publisher : BoD – Books on Demand
Page : 160 pages
File Size : 49,8 Mb
Release : 2018-10-03
Category : Technology & Engineering
ISBN : 9781789239690

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Low Carbon Transition by Valter Silva,Matthew Hall,Ines Azevedo Pdf

Most leaders of developed nations recognize the importance of following policies and strategies to achieve a low-carbon economy based on new and innovative technologies that are able to reduce greenhouse gas emissions and create new employment and growth. In the broad spectrum of the feasible decarbonisation pathways, the challenge for political and economic decision-makers is to weigh uncertain impact from different technologies and to build a comprehensive evidence-based framework for research, business, investment and policy decision-making. This book aims to provide the reader with a comprehensive overview of the current state-of-the-art technology in the Low Carbon Technology and Economy field, discussing a set of new technology approaches and environmental and economic implications.

Author : John W. Bull
Publisher : Whittles
Page : 233 pages
File Size : 50,7 Mb
Release : 2015
Category : Civil engineering
ISBN : 1498723217

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Life Cycle Costing by John W. Bull Pdf

The key areas of life cycle cost analysis (LCCA) and whole life costing (WLC) are exemplified in this volume with accounts of their application to housing stock, a community hydroelectric power system, various aspects of highway infrastructure, and corrosion protective coatings. Sustainable construction and design requires more than compliance with safety requirements and economic constraints; there is also the impact on the environment, the surrounding population, and users of the infrastructure. This requires a multidimensional perspective of sustainability to be considered in life cycle costing (LCC) combining current design criteria with these other aspects. It has become increasingly important to understand the full costs of civil engineering infrastructure, and the main sources of cost, along the whole supply chain and to identify cost reduction opportunities. The conventional procurement approach without the integration of probabilistic life cycle cost modelling induces substantial long-term maintenance costs. Once deterioration and life cycle cost models have been established, appropriate partnership procurement strategies, associated financing methods, and determination of the project period can be developed. LCC includes the cost of planning, design, acquisition, operation, maintenance, and disposal of buildings and other construction assets, while WLC additionally includes incomes and other costs such as non-construction costs and externalities. In whole life costing, social, environmental, or business costs or benefits are considered as externalities and care must be taken not to double count the impacts when WLC is used together with LCCA. The international examples included in this book illustrate practically the methodology of life cycle costing and the application of life cycle cost analysis to identify the most appropriate method for assessing the relative merits of competing project implementation alternatives.