article thumbnail

Improving Public Sector Facilities Life-cycle Management – Hard Questions MUST be asked and ANSWERED!

Job Order Contracting

Improving public sector facilities life-cycle management is critical to the economy, the environment, and to our safety. How can we better leverage standardized information to improve outcomes? contact-form] The post Improving Public Sector Facilities Life-cycle Management – Hard Questions MUST be asked and ANSWERED!

article thumbnail

Building Life-cycle Costs and Physical Asset Total Cost of Ownership Management (TCO)

Job Order Contracting

Creating and monitoring building life-cycle costs is a key component of physical asset total cost of ownership management. Initial design, procurement, and construction costs of a facility account for only 10%-20% of total capital expenditures throughout its useful life. Life-Cycle Cost Calculation. Demolition.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Construction Equation: Knowledge Problems + Data Problems + Management Problems = Outcome Problems

Job Order Contracting

Lack of recognition by senior management of the linkage between between the built environment and organizational mission Low level of understanding of both life-cycle total-cost-of-ownership management and integrated lean planning, procurement, and project delivery principles and processes. Building Research & Information.

article thumbnail

LEAN, BIM, and Measurably Improving Facilities Life-Cycle Management

Job Order Contracting

BIM (Building Information Modeling) is the efficient management of the life-cycle of the built environment supported by digital technology. The most significant benefit is total-cost-of-ownership management throughout the life-cycle of a physical asset.

article thumbnail

Estimating Facility Life-cycle Costs

Job Order Contracting

Estimating Facility Life-cycle Costs is a critical aspect of facilities management. Key elements associated with Estimating Facility Life-cycle Costs include the following: Experience. Systems costs and systems life-cycles. D etailed unit price line item information. Current percentage of life used.

article thumbnail

LEAN Facilities Asset Life-cycle Management

Job Order Contracting

LEAN Facilities Asset Life-cycle Management can be accomplished by integrating previously disparate competencies, technologies, and information. The post LEAN Facilities Asset Life-cycle Management appeared first on 4BT. It requires that the owner demonstrate leadership and possess requisite skills. Learn more?

article thumbnail

Building information modeling for infrastructure: An engineer's perspective

Construction Dive

Dive deeper into the transportation asset life cycle with Building Information Modeling (BIM) for infrastructure.

Modeling 152