Life Cycle Costing
Life Cycle Costing
Much of the focus of construction cost planning goes to the initial cost of a project, and budgets are often judged on their short term performance. BCQS can offer advice and guidance as to the long term quality and performance of the project. Life cycle costing provides a holistic view of both the financial and non- financial impacts of specific design measures within a building. Utility, operation, and maintenance costs are evaluated against simple pay back, internal rates of return, net present value and time value to evaluate the best option.
