Life Cycle Cost: Category, Costing Technique, and Application
The Constructor
APRIL 11, 2022
Life cycle cost (LCC) is defined as the cost of an asset or its parts throughout its life cycle while fulfilling the required performance. Whole life.
Engineering Life Cycle Management 
Construction Equation: Knowledge Problems + Data Problems + Management Problems = Outcome Problems
Job Order Contracting
JANUARY 25, 2021
Fundamental math for every real property owner… Knowledge Problems + Data Problems + Management Problems = Outcome Problems. Management Problems. Knowledge Problems + Data Problems + Management Problems = Outcome Problems. Knowledge Problems + Data Problems + Management Problems = Outcome Problems. Heralova, R.
Life Cycle 
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BIM Life-cycle Management Competency, Common Terms, and Change Management
Job Order Contracting
SEPTEMBER 13, 2016
BIM Life-cycle Management Competency, Common Terms, and Change Management. Forget 3D visualization, Life-cycle Management Competency and Common Terms are the most critical aspects to achieving efficient renovation, repair, maintenance, sustainability, and new construction of the built environment.
Life Cycle 100
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Total Cost of Ownership Life-cycle Asset Management – Facilities and other Physical Infrastructure
Job Order Contracting
NOVEMBER 1, 2018
Efficient life-cycle total cost of ownership management requires the application of LEAN processes and collaborative construction delivery methods. The post Total Cost of Ownership Life-cycle Asset Management – Facilities and other Physical Infrastructure appeared first on 4BT. Learn more?
Life Cycle 100
100 
LEAN Construction Project Delivery enables efficient life-cycle management of the built environment
Job Order Contracting
DECEMBER 12, 2017
LEAN Construction Project Delivery enables efficient life-cycle management of the built environment via a robust integration of process, actionable standardized and common information, supporting technology, and ongoing training. An example of LEAN Construction Project Delivery is OpenJOC ™ Job Order Contracting.
Life Cycle 100
100 
LEAN Asset Life-cycle Management – Achieve Optimal Construction Outcomes
Job Order Contracting
OCTOBER 6, 2016
Optimal construction outcomes such as 90%+ of project on-time and on-budget and 96% satisfaction levels are achieved daily, however, by less than 5% of all real property owners, contractors, architects and engineers. Life-safety, environmental, economic mismanagement are the norm versus the exception. The net result is 2.5%
Life Cycle 100
100 
Building Trust & Connection are CRITICAL to improving Facilities Management Outcomes
Job Order Contracting
FEBRUARY 2, 2022
Improving facilities management outcomes requires building trust & connection. Real property owners and FMers must become trusted partners with service providers (architects, engineers, and builders) and their building user customers. The real barriers are lack of leadership and enablement.
Management 234
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Improving the PROCURMENT MODEL for Facilities Repair, Renovation, Maintenance and Construction
Job Order Contracting
MARCH 31, 2022
Real property owners, architects, engineers, builders, and other stakeholders have long realized the construction industry and the life-cycle management of built environment have proven wasteful. Poor leadership across the public sector with respect to facilities/built environment asset life-cycle management.
Procurement 198
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Adopting a Program versus a Project Approach Improves Facilities Management and Construction Outcomes.
Job Order Contracting
JANUARY 19, 2021
Adopting a Program versus a Project Approach Improves Facilities Management and Construction Outcomes by… 1. Volumes have been written about the fragmentation of the AECOO (architecture, engineering, construction, operator, owner) and Facilities Management sectors and their relative high levels of economic and environmental waste.
Management 232
232 BIM – Building Information Management, PLM – Product Life Cycle Management, TCO – Total Cost of Ownership, Life-cycle Management of the Built Environment
Building Information Management
NOVEMBER 1, 2013
Building Information Modeling is the life-cycle management of the built environment supported by digital technology. In the manufacturing world, PLM, product lifecycle management (PLM) is the process of managing the entire life-cycle of a product from its conception, through design and manufacture, to service and disposal.
Life Cycle 45
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2018 – LEAN Facilities Management Trends
Job Order Contracting
JANUARY 8, 2018
AECOO Transformation – 2018 – LEAN Facilities Management Trends. A common and appropriate framework for LEAN project management. Life-cycle asset management focus versus myopic first cost driven decision-making. A common and appropriate framework for project management. www,4bt.us.
Management 100
100 
BIM, Big Data, and Efficient Life-cycle Management of the Built Environment
Building Information Management
AUGUST 6, 2012
Efficient life-cycle management of the built environment comes down to analyzing large data sets— big data—from several knowledge domains. Evidence-based Management. Big Data for BIM / Efficient Facility Life-cycle Management. Collaboration. Granularity.
Life Cycle 81
81 
Facilities Lifecycle Management
Job Order Contracting
APRIL 13, 2017
Facilities Lifecycle Management requires increased competency on the part of facilities owners and facilities management. See asset life-cycle model… A total cost of ownership perspective is also required as opposed to the more prevalent practice of first-cost dominance. contact-form].
Management 100
100 
Integrated Construction Planning, Procurement, and Project Delivery Solution
Job Order Contracting
MAY 6, 2022
The ultimate benefit provided by integrated construction planning, procurement, and project delivery solution is significantly improved life-cycle total cost of ownership asset management. Engineering, Construction and Architectural Management, 26(1), 104–. Construction Management at Risk in Health Care Projects.
Procurement 224
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Bring Your Facility Manager to Your Next Design-Build Project
Autodesk Construction Cloud
FEBRUARY 14, 2023
Close the data gap from AEC to operations The critical step for closing the AEC and operations data gap : involve facility managers in design and build data management processes as early as possible. While the formative stages of new projects bring together design and construction teams, facility managers often have more limited representation.
Management 98
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What Does It Take to Practice LEAN Facilities Management
Job Order Contracting
OCTOBER 29, 2019
LEAN Facilities management is a process that optimizes physical asset life-cycle reinvestment by focusing upon best value outcomes among all participants and stakeholders. All the tools and services are readily available to support associated required change management, LEAN process implementation, and continuous improvement.
Management 100
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Efficient Construction Delivery – Life-cycle management of the build envrionment
Building Information Management
OCTOBER 20, 2014
Certainly it has been don within certain areas such as cost estimating using common / well designed cost databases with integrated contract, project, and document management. However across the full life-cycle of a structure? Uncategorized aecoo convergence integrated project devllivery job order contracting life-cycle Owners'
Life Cycle 40
40 
Big data, LEAN Construction Delivery, High Performance Buildings = Productive Life-cycle Facility Managment
Building Information Management
APRIL 12, 2016
Our education and professional development systems are failing to properly address the fundamental concepts of life-cycle and total-cost-of-ownership management specific to the built environment.
Life Cycle 40
40 
Big data, LEAN Construction Delivery, High Performance Buildings = Productive Life-cycle Facility Managment
Building Information Management
APRIL 12, 2016
Our education and professional development systems are failing to properly address the fundamental concepts of life-cycle and total-cost-of-ownership management specific to the built environment.
Life Cycle 40
40 
Big Data, BIM, Cloud Computing, and Efficient Life-cycle Management of the Built Environment
Building Information Management
NOVEMBER 8, 2013
Big data” — the ability to acquire, process and sort vast quantities of information for timely decision support is critical to the efficient life-cycle management of the built environment. Using Big Data for life-cycle facility management is NOT just about technology. . - Eric Schmidt, Chairman of Google.
Life Cycle 55
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BIM / BLM Onology – Building Information Modeling / Built-environment Life-cycle Management – 2014
Building Information Management
APRIL 8, 2014
Ontology is now a rapidly evolving science in response to increasing complex information systems and/or “big data” Specific to the built-environment life-cycle management BLM / BIM, ontology is a fundamental requirement as it’s needed to establish robust, coherent, and consistent representations of ever-changing information.
Life Cycle 40
40 BIM / BLM Onology – Building Information Modeling / Built-environment Life-cycle Management – 2014
Building Information Management
APRIL 8, 2014
Ontology is now a rapidly evolving science in response to increasing complex information systems and/or “big data” Specific to the built-environment life-cycle management BLM / BIM, ontology is a fundamental requirement as it’s needed to establish robust, coherent, and consistent representations of ever-changing information.
Life Cycle 40
40 
BIM in Chains – Sustainability and Life-cycle Management of the Built Environment Stalled?
Building Information Management
OCTOBER 1, 2012
BIM (Building Information Modeling) is the life-cycle management of the built environment supported by digital technology. Further life-cycle management of the built environment requires significant “change management” in most organizations whether Owners, AEs, Contractors, Oversight Groups, etc.
Life Cycle 61
61 Asset Life-cycle Model, Asset Information Model, and Why BIM Won’t Work
Building Information Management
JULY 11, 2016
At the end of there day BIM represents nothing new relative to the efficient life-cycle management of the built environment. Large, multi-site, multi-national real property portfolios can be efficiently managed WITHOUT 3D visualization and BIM software as now available. It’s not even the most important tool.
Life Cycle 40
40 
Credible Construction Estimate Core Elements
Job Order Contracting
AUGUST 20, 2023
Education, key performance indicators, common terms and definitions, collaborative construction delivery methods, and current, objective, local market granular cost data as well as supporting technology can to be leveraged to enable significant cost savings via signifincant improvements in cost visibility, cost management, and productivity.
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LOD – Level of Development – BIM – Life-cycle
Building Information Management
NOVEMBER 14, 2013
Level of development (LOD) relative to the life-cycle management of the built environment (BIM) should have a solid framework relative to ONTOLOGY. While the definition of “life-cycle” has many permutations, and is likely to undergo ongoing improvement, the relationship to LOD needs to be developed in parallel.
Life Cycle 40
40 
Forget “BIM”, and Get on Board with BLM – Building / Built Environment Life-cycle Management
Building Information Management
FEBRUARY 25, 2014
BIM is the life-cycle management of the built environment supported by digital technology. BLM – Building Life-cycle Management requires fundamental process changes within all participating organizations / stakeholders and the associated integration and use of multiple competencies, processes, and technologies.
Life Cycle 45
45 Construction Project Management
Job Order Contracting
APRIL 20, 2017
Construction Project Management activities, adequately supported by LEAN construction processes (JOC, IPD,PPP), a common data environment(CDE) , and technologies such as the Cloud and BIM allow savvy AECOO[1] organizations to more consistently achieve a higher quality and productivity gains. 2017, Cholakis, P. Four BT ) Moscardi, L.
Job Order Contract Facilities Management Software
Job Order Contracting
SEPTEMBER 14, 2017
Job Order Contract Facilities Management Software. 4BT-CE Building in Cloud – Job Order Contract Facilities Management Software – Independent, Objective, Best Value. The data for every building is stored in a constantly accessible and manageable online archive. Document Management. Project Management.
Software 100
100 
Big Data, BIM, Cloud Computing, and Efficient Life-cycle Management of the Built Environment
Building Information Management
NOVEMBER 8, 2013
Big data” — the ability to acquire, process and sort vast quantities of information for timely decision support is critical to the efficient life-cycle management of the built environment. Using Big Data for life-cycle facility management is NOT just about technology. . - Eric Schmidt, Chairman of Google.
Life Cycle 40
40 
Best Value Facilities Repair, Renovation Work Order Delivery
Job Order Contracting
MARCH 24, 2021
All parties can visualize project and work order requirements at a granular level and drive efficient life-cycle management. Best value management of the total cost of ownership for facilities and other physical infrastructure is best accomplished with implementation of robust programmatic methods.
Renovating 185
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Facilities Operations & Maintenance Management
Job Order Contracting
JUNE 26, 2017
Facilities Operations & Maintenance Management considerations span several areas. Facilities Operations & Maintenance Management. A comprehensive written facilities management operations and maintenance manual and/or execution guide is a fundamental requirement. Budgeting/Capital Planning.
Management 100
100 
Behind the Build: Interview with Isabel Harlan, Sr. Engineer and Project Manager at Hatch LTK
Autodesk Construction Cloud
JANUARY 14, 2022
Isabel Harlan , Senior Engineer and Project Manager at Hatch LTK , has learned to expect unexpected challenges in engineering. We recently spoke with Isabel to discuss her role and how LTK Engineering Services was acquired into the new Hatch LTK organization. Before I started engineering, I’d never even taken physics.
” Evidence-based ” Life-cycle Federal Facility Management, BIM, and the Status Quo – NIBS, FFC
Building Information Management
JUNE 20, 2012
Key Topics / Take Aways: Identify and advance technologies, processes, and management practices that improve the performance of federal facilities over their entire life-cycle, from planning to disposal. You can’t manage what you don’t measure. Expected Life-cycle and Deterioration Rates for Physical Assets.
Life Cycle 61
61 
Construction is NOT complex…. People are. Successful Construction Project Delivery Requirements
Job Order Contracting
MARCH 6, 2021
Understanding core requirements is critical for real property owners and facilities management professionals. Principles, Culture, and Robust Workflows should be the primary focus of any facilities management professional. A robust processes assures answers to the following questions are known. Email Address. Additional Information.
Life Cycle 130
130 
Life-cycle management of the built environment – To BIM or Not to BIM?
Building Information Management
OCTOBER 25, 2013
Waste is rampant in the Architecture, Engineering, Construction, and Building Owner and Operations Sector (AECOO). BIM, building information modeling, is defined as the life-cycle management of the built environment supported by digital technology. That said, we are not acting as stakeholders of our built infrastructure.
Life Cycle 40
40 Everything you need for building and project management
Job Order Contracting
MARCH 28, 2018
Data security and permissions are regulated by AEC (Architectural, Engineering and Construction) tailored workgroups. All Project Management, Asset Management and Facility Management activities are always updated and available wherever you are so you can make the right decision at the right time. Project Management.
Get a competitive edge in your construction projects with value engineering
BD+C
MAY 18, 2023
Get a competitive edge in your construction projects with value engineering 1 kcichowicz Thu, 05/18/2023 - 11:53 Trimble Over the past half-century, value engineering (VE) has proven to be an effective tool to manage time, costs, and quality with an aim to maximize value. What is value engineering?
Engineering 52
52 
Top Ten Considerations for a Business Strategy for The Life-cycle Management of the Built Environment – BLM, LMB
Building Information Management
MARCH 10, 2014
Current Business Environment – Deconstruction of the AECOO Sector (Architecture, Engineering, Construction, Operations, Owner). Life-cycle Cost vs. First-Cost Focus. Falling Transaction Costs. Falling Computing Costs. Falling Communication Costs. Increasing Collaboration and Communication.
Life Cycle 45
45 
Best Value FM policies and procedures – Cohesive, seamless, and proven
Job Order Contracting
JANUARY 23, 2021
Collaborative, integrated construction planning, procurement, and project delivery, as well as asset life-cycle total cost of ownership management, has been proven, and available for decades. Nowhere is the issue of poor facilities management more pronounced than in the federal sector. CONSTRUCTION PRODUCTIVITY.
Life Cycle 149
149 
Suffolk Construction establishes Suffolk Sustainability Group
BD+C
DECEMBER 14, 2023
On average, Burke managed about 40 sustainability projects per year worth over $1 billion. Prior to his role at Consigli, Burke was Sustainability Manager at SMMA, where he managed a sustainability team of 12 employees, led R&D, and advocated to advance the sustainability efforts within SMMA and the AEC industry.
Sustainability 105
105 Construction Document Information Management
Job Order Contracting
APRIL 7, 2017
Construction Document Information Management is central to productivity improvement. Construction Document Information Management. Imagine the ability to rapidly organize data and leverage mobile tools to enable access to, and the management of, actionable, standardized, defensible information… anytime and anywhere.
Documentation 100
100 
Construction Classification Criticality – A Draft White Paper
Job Order Contracting
AUGUST 6, 2016
. – Architecture, Engineering, Construction, Facilities Management, & Life-cycle Management of the Built Environment. The combination of information related to all aspects of physical assets life-cycle is best called a physical asset model.
Drafting 100
100 
LEAN Job Order Contracting
Job Order Contracting
APRIL 20, 2020
Public and private sector real property owners and facilities management professionals can leverage LEAN JOC to achieve more efficient use of existing capital resources in a full transparent and compliant planning and operating environment. Asset Life-cycle Total-cost-of-ownership (TCO) Management www.4BT.us.
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