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.
Life Cycle Related Topics 
Improving Public Sector Facilities Life-cycle Management – Hard Questions MUST be asked and ANSWERED!
Job Order Contracting
AUGUST 25, 2022
Improving public sector facilities life-cycle management is critical to the economy, the environment, and to our safety. contact-form] The post Improving Public Sector Facilities Life-cycle Management – Hard Questions MUST be asked and ANSWERED! appeared first on 4BT.
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Life-cycle FM – Asset Total Cost of Ownership Management
Job Order Contracting
JANUARY 24, 2021
Life-cycle FM – Asset Total Cost of Ownership Management considers the cost off facilities planning, design, acquisition, operation, maintenance and disposal costs. The post Life-cycle FM – Asset Total Cost of Ownership Management appeared first on 4BT.
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LEAN Life-cycle Management of the Built Environment
Job Order Contracting
MAY 22, 2020
LEAN Life-cycle Management of the Built Environment is a robust, collaborative approach integrating planning, design, acquisition, operation, maintenance & disposal. LEAN Life-cycle Management of the Built Environment. LEAN Life-cycle Management of the Built Environment. Henry Ford.
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Optimizing Fleet Life Cycle Strategies
Construction Business Owner
APRIL 17, 2017
Maximizing uptime and reducing costs are fundamental drivers of construction fleet management decisions, but a firm’s diverse range of equipment can make life cycle optimization challenging.
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Building Life-cycle Costs and Physical Asset Total Cost of Ownership Management (TCO)
Job Order Contracting
APRIL 27, 2020
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.
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LEAN, BIM, and Measurably Improving Facilities Life-Cycle Management
Job Order Contracting
OCTOBER 4, 2019
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.
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Estimating Facility Life-cycle Costs
Job Order Contracting
AUGUST 4, 2017
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. Expected system/assembly life-times. Current percentage of life used.
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LIFE CYCLE COST IN CONSTRUCTION PROJECTS
The Constructor
APRIL 22, 2014
Life cycle cost in construction projects is a process of economic decision analysis, which helps taking decisions on investments in new construction. Construction Construction Costing Construction Management Construction Project Project Management'
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Life-cycle Costs for a Commercial Building
Job Order Contracting
APRIL 25, 2018
Understanding facility life-cycle costs for a commercial building is the first step towards maximizing efficiency and positive outcomes. There are many components of life-cycle costs: First Costs – Planning, Selection, Acquisition, Construction. Facility Life-cycle Costs.
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LEAN Facilities Asset Life-cycle Management
Job Order Contracting
DECEMBER 4, 2017
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?
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Job Order Contracting Life-cycle Facilities Value Management
Job Order Contracting
AUGUST 28, 2017
Job Order Contracting Life-cycle Facilities Value Management and improving AECOO outcomes for all participants and stakeholders. Job Order Contracting Life-cycle Facilities Value Management enables the efficient use of available funds targeted for executing renovation, repair, maintenance, and minor new construction projects.
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Efficient Life-cycle Management of the Built Environment – An Elusive Goal in the Public Sector
Job Order Contracting
MAY 12, 2020
Efficient life-cycle management of the built environment in the public sector has remained an elusive goal. The post Efficient Life-cycle Management of the Built Environment – An Elusive Goal in the Public Sector appeared first on 4BT. ” Henry ford. The barrier is a simple one.
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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. contact-form].
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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.
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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.
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LEAN Asset Life-cycle Management – Achieve Optimal Construction Outcomes
Job Order Contracting
OCTOBER 6, 2016
Efficient life-cycle management of physical infrastructure (facilities, roads, dams, bridges, airports, mass transit, … ) has proved equally elusive. Life-safety, environmental, economic mismanagement are the norm versus the exception. Owners pay the bills and allow poor outcomes to be acceptable.
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PROJECT LIFE CYCLE
The Constructor
JANUARY 14, 2013
Project Life Cycle The acquisition of a constructed facility usually represents a major capital investment, whether its owner happens to be an.
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LIFE CYCLE COST IN CONSTRUCTION
The Constructor
APRIL 22, 2014
Life cycle cost in construction projects is a process of economic decision analysis, which helps taking decisions on investments in new construction. Construction Construction Costing Construction Management Construction Project Project Management'
Life Cycle 100
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LEAN Construction Project Delivery and Facilities Operations, Maintenance, and Life-cycle Management
Job Order Contracting
AUGUST 30, 2018
Life-cycle Management. COBie is an information exchange specification for the life-cycle capture and delivery of information needed by facility managers. Here, a somewhat pervasive focus upon first-costs versus life-cycle costs must be addressed and altered. Capital planning and management. Space management.
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Ready mix concrete life cycle
GCP Applied Technologies
MARCH 3, 2020
Ready mix concrete life cycle. Ready mix concrete life cycle. michael.delros…. Tue, 03/03/2020 - 19:28. GCP Applied Technologies. March 03, 2020. The following articles are filled with tips and techniques for concrete production, from the selection of materials through the successful delivery of each concrete batch. .
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4 Ways to Ensure Your Next Green Building Project Makes a Real Difference
Construction Business Owner
MARCH 23, 2023
Above all, it’s vital to find new ways to leverage digitization and new technologies to make our work more sustainable across the entire building life cycle. All of those are important, but it’s also important to step back and think about the construction process itself.
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Managing Cash Flow During the Slow Season
Construction Business Owner
OCTOBER 15, 2024
While weather can be an obvious culprit for midsized general contractors — particularly those in nonresidential construction such as commercial, road and highway, or heavy construction — a slow season can also be related to factors such as project life cycles, regional labor shortages, or a poorly quoted or scoped job.
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Facility Systems Service Life
Job Order Contracting
JANUARY 14, 2022
A thorough understanding of facilities system service life is critical to efficient life-cycle asset management of any real property portfolio. The post Facility Systems Service Life appeared first on 4BT. Request the full list here. Design and build costs represent only a fraction of the total cost of a building.
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Construction Equation: Knowledge Problems + Data Problems + Management Problems = Outcome Problems
Job Order Contracting
JANUARY 25, 2021
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. Service life planning. Data Problems.
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What is Embodied Energy of Building Materials?
The Constructor
OCTOBER 8, 2022
The embodied energy of building material is the total non-renewable energy or primary energy (carbon released) used throughout its entire life cycle, i.e., extraction, manufacturing, construction, maintenance, and disposal. In other words, it is the sum of greenhouse gas emissions attributed to the material during its life cycle.
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235 Digital Twin – Aligning the physical and functional status of buildings and other physical objects with a corresponding digital model makes it possible to monitor and optimally manage capital reinvestment throughout their life-cycle.
Job Order Contracting
SEPTEMBER 26, 2019
Aligning the physical and functional status of buildings and other physical objects with a corresponding digital model makes it possible to monitor and optimally manage capital reinvestment throughout their life-cycle. Requisite Components of a Physical Asset Life-cycle Management Solution. appeared first on 4BT.
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Robust Management Practices Lead to Sustainable Lifecycle Building Management
Job Order Contracting
SEPTEMBER 22, 2024
Collaborative repair, renovation, maintenance, and new construction, sustainability and the life cycle management of buildings are interrelated.
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3 Important Cases of Building Collapse Due to Poor Construction Management
The Constructor
FEBRUARY 14, 2021
Construction is perhaps the most critical stage in the life cycle of structures, mainly because of the danger of failure and the high chances of.
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Where Are You in Your Entrepreneurial Life Cycle?
Construction Business Owner
MAY 23, 2018
Just as we experience spring, summer, fall and winter each year, there are four main cycles for entrepreneurs as well. As a business owner, it is important to understand which cycle you are presently in, as it determines how you approach growth, helps pinpoint your most comfortable financial options and reveals your risk tolerance level.
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Tool helps cities develop framework for life-cycle energy policies and track progress
BD+C
MARCH 22, 2019
The National Institute of Building Sciences (NIBS) and New Buildings Institute (NBI) developed a new tool to help cities devise a framework for life-cycle energy policies and track their progress toward efficiency goals.
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Construction Project Life Cycle – Phases in Life Cycle of a Construction Project
The Constructor
NOVEMBER 25, 2016
Every individual involved in the process of planning, designing, financing, constructing and operating physical facilities related to the project.
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How Project Managers Can Promote Principled Approaches & Better Project Results
Construction Business Owner
APRIL 25, 2022
For construction projects, this means prioritizing ethical decision making through the entire project life cycle. No matter the industry or the size of the company, organizations must demonstrate their commitment to doing business ethically.
Understanding the Difference Between Design-Assist & Delegated Design
Construction Business Owner
NOVEMBER 17, 2020
The architecture, engineering and construction industries are chock-full of buzzwords and terminology that—although they may be used casually and often—can have different meanings depending on the teams you are speaking to and the role that team or team member plays in the life cycle of a project. .
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Sustainable Facilities Management and Leadership
Job Order Contracting
JULY 3, 2024
This is not only a fact, but a significant barrier to efficient life-cycle management of the built environment. Sustainable facilities management and leadership are inseparable.
Sustainability 187
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Public Sector Facilities Stewardship and Data-driven Decision Making
Job Order Contracting
OCTOBER 5, 2022
The fundamental reason the assumptions most public sector professionals have are incorrect when it comes to life-cycle management of the built environment. Planning, procurement, and project delivery can be accomplished by disparate teams that lack integration through their respective life cycles.
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Facilities Management and Entropy
Job Order Contracting
AUGUST 29, 2023
Certifications, traditional formal education, and professional training related to facilities life-cycle management and AECOO practices and practices have done little to address “Understanding and dealing with the concept of value.” It’s well beyond time to stop running with the pack. Where has that gotten us?
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Primer Debuts on Life-Cycle Assessments of Embodied Carbon in Buildings
ENR Construction
JULY 17, 2018
A recently released primer for the use of a life-cycle assessment approach to analyze the environmental impacts of buildings is called a necessary baby step toward the ambitious goal of getting to net-zero embodied carbon and operational greenhouse gas emissions in the construction, operation and decommissioning of buildings.
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How Surety Bonds Can Better Your Business
Construction Business Owner
SEPTEMBER 28, 2023
This report, conducted in collaboration with the Surety & Fidelity Association of America (SFAA), included analysis that quantifies the benefits of surety bonding throughout the life cycle of a construction project.
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Digital Twins for the Construction Life Cycle Go Beyond the Finished Project
ENR Construction
OCTOBER 7, 2021
Digital twins are often touted because of their use for owners and facilities managers, but what about a digital twin for contractors that documents the ever-changing work site?
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Best Value Pre-Construction Tools and Services… and more
Job Order Contracting
MAY 14, 2020
Robust LEAN construction planning, procurement, and project delivery processes provide a proven way to improve pre-construction stages as well as the full life-cycle from concept through completion and beyond.
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BIM & Efficient Life-cycle Management of Facilities & Infrastructure
Building Information Management
APRIL 22, 2016
Efficient life-cycle management of facilities and other physical infrastructure is impossible until real property owners are better educated and truly capable in their role as stewards of the built environment.
Life Cycle 40
40 BIM & Efficient Life-cycle Management of Facilities & Infrastructure
Building Information Management
APRIL 22, 2016
Efficient life-cycle management of facilities and other physical infrastructure is impossible until real property owners are better educated and truly capable in their role as stewards of the built environment.
Life Cycle 40
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BIM ONTOLOGY – Prerequisite to BLM – Built-Environment Life-cycle Managment
Building Information Management
MARCH 31, 2014
Life-cycle management of the built environment is not mainstream due to the following factors. Focus upon life-cycle cost vs. first-costs. . Focus upon life-cycle cost vs. first-costs. People – Process – Technology are traditionally considered the cornerstones of BIM.
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