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Life Cycle Cost Planning. Standardized Method of Life Cycle Costing fpr Construction ProcurementData structureAncillary informationThe cost plan and the life cycle cost planOrder of cost estimateDeveloping the cost planFactoring, smoothing and sensitivity. . . DATA STRUCTURE . . LIFE CYCLE C
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1. LIFE CYCLE COST PLANNING Presented by: Joe Martin, BCIS Executive Director
Date: 14 October 2008
2. Life Cycle Cost Planning Standardized Method of Life Cycle Costing fpr Construction Procurement
Data structure
Ancillary information
The cost plan and the life cycle cost plan
Order of cost estimate
Developing the cost plan
Factoring, smoothing and sensitivity
3.
4. LIFE CYCLE COSTS
1. Construction
2. Maintenance
3. Operation
4. Occupancy
5. End of Life
5. 1. Construction
1.1 Construction works costs
In SFCA elements
1.2 Other construction related costs
Design fees, Planning costs, planning gain contributions etc
1.3 Client definable costs
6. 2. Maintenance costs
2.1 Major replacement
2.2 Subsequent refurb and adaptation
2.3 Redecorations
2.4 Minor replacement, repairs and maintenance
2.5 Unscheduled replacement, repairs and maintenance
2.6 Grounds maintenance
2.7 Client definable costs
7. 3. Operation
3.1 Cleaning
3.2 Utilities
3.3 Administrative costs
3.4 Overheads costs
3.5 Taxes
3.6 Client definable costs
8. 4. Occupancy costs
4.1 Internal moves
4.2 Reception and customer hosting
4.3 Security
4.4 Helpdesk
4..
4.16 Car parking charges
4.17 Client definable costs
9. 5. End of life costs
5.1 Disposal inspection
5.2 Demolition
5.3 Reinstatement to meet contractual requirements
5.4 Client definable costs
10.
11. Purpose of LCC
Scope
Base dates
Time periods (period of analysis)
Occupation
Presentation of costs
Discount rates
Source of data
12. Metrics
Total LCC: Net Present Value
Base date
Period of analysis
Discount rate
Major exclusions or inclusions
13.
14. The Capital elemental cost plan plus:
Future expenditure on:
Replacements
Periodic maintenance
Periodic redecoration
Annual whole building expenditure on:
Minor maintenance
Cleaning
Utilities
Admin
Property insurance
Rates etc
15. Plus
Any occupancy costs
End of life costs as appropriate
Demolition
Disposal inspections
Delapidations or reinstatement
16.
17.
18.
20. FACTORING
Reference service life assumptions
Adjust for project conditions
Quality
Design
Workmanship
Indoor/outdoor environment
In-use conditions
Maintenance levels
21. SMOOTHING
Where cycles stack up is annual expenditure acceptable?
Adjust design
Adjust maintenance regime
Adjust redecorations cycle
22. SENSITIVITY
Test the impact of LCC assumptions
Service life expectancy and replacement cycles
Costing of the replacement cycles
Discount rate
23. LIFE CYCLE COST PLANNING Presented by: Joe Martin, BCIS Executive Director
Date: 14 October 2008