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 
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'
Life Cycle 
250
250 Join 116,000+
professionals
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
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.
Life Cycle 196
196 
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.
Life Cycle 209
209 
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.
Life Cycle 172
172 
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.
Life Cycle 149
149 
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.
Life Cycle 149
149 
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.
Green 411
411 
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.
Life Cycle 331
331 
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.
Life Cycle 115
115 
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.
Life Cycle 255
255 
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. .
Design 348
348 
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.
Life Cycle 100
100 
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.
Materials 264
264 
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.
Cash Flow 315
315 
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.
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.
Life Cycle 229
229 
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.
Life Cycle 117
117 
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].
Life Cycle 100
100 
ULTRA-HIGH PERFORMANCE CONCRETE (UHPC)
The Constructor
OCTOBER 19, 2012
Ultra-High Performance Concrete (UHPC) is a solution developed to address some of the main design, service life and life cycle costing issues.
Concrete 244
244 
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.
Life Cycle 255
255 
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.
Life Cycle 136
136 
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.
Life Cycle 100
100 
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.
Life Cycle 100
100 
Facilities Procurement 101
Job Order Contracting
JUNE 24, 2020
Facilities procurement 101 involves an understanding of LEAN construction planning, procurement, and project delivery and life-cycle total cost of ownership asset management.
Procurement 263
263 
The Project Manager’s MBA: Efficient Operations Management
Construction Business Owner
MARCH 29, 2013
Project managers and superintendents often find comfort in operations management, the portion of the project life cycle dictated by process and procedure. However, attempts at defining elements of operations management at the project level often yield nebulous collections of tasks with poorly established starting and terminal points.
Management 222
222 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.
Life Cycle 103
103 
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.
Sustainability 232
232 
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.
Life Cycle 228
228 
Lean Asset Management
Job Order Contracting
FEBRUARY 7, 2021
Lean Asset Management significant improve the availability, dependability, usefulness, safety of facilities and other physical assets, while also lowering life-cycle costs. Lean Asset Management differs from traditional approaches in several ways.
Management 263
263 
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. .
Life Cycle 78
78 
How Construction Businesses Win with Technology
Construction Business Owner
JANUARY 21, 2020
Mark Schwartz is responsible for product life cycle, strategic planning and successful release of new operations functionality in Viewpoint's Spectrum construction software. We’ll send you a link to the playback. Fill out the form on this page to sign-up today! . Mark Schwartz Senior Product Manager.
Viewpoint 266
266 
Driving Profitability with Project Controls
Construction Business Owner
SEPTEMBER 27, 2013
Project controls, including standardized approaches, processes and reporting, are designed to manage all costs and financial aspects of a project through its life cycle—from initial estimating and budgeting to forecasting, measuring progress, controlling change, reconciling actual expenditures and closing out the project.
Profitability 189
189 
JOC Programs that make sense.
Job Order Contracting
JULY 28, 2022
4BT (Four BT LLC) JOC and physical asset life-cycle management expertise and technical capabilities are embodied in its 4BT-PEP JOC Knowledge management system. Robust programmatic process for all repair, renovation, maintenance, and new construction projects.
Life Cycle 227
227 
Building Trust & Connection are CRITICAL to improving Facilities Management Outcomes
Job Order Contracting
FEBRUARY 2, 2022
All the tools and support services are readily available to enable LEAN facilities/built environment life-cycle management. An integrated approach, with all parties focusing upon shared best value outcomes, is a sustainable and advantageous environment for everyone. The real barriers are lack of leadership and enablement.
Management 234
234 
LEAN Facilities Repair and Renovation
Job Order Contracting
JULY 18, 2021
With appropriate leadership and support, any public sector organization can implement a LEAN facilities repair and renovation framework and significantly improve life-cycle outcomes. This fact has been proven via numerous research projects and case studies. The single biggest barrier is cultural resistance to change.
Renovating 258
258 
DoD Real Property Management Failures
Job Order Contracting
FEBRUARY 4, 2022
Tools and support services are readily available to support efficient facilities planning, procurement, and project delivery to enable asset life-cycle total cost of ownership management. The DOD’s failure to implement a sustainment management system remains an unacceptable reality.
Management 234
234 
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
198 
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?
Management 201
201 
Building information modeling for infrastructure: An engineer's perspective
Construction Dive
MAY 19, 2020
Dive deeper into the transportation asset life cycle with Building Information Modeling (BIM) for infrastructure.
Modeling 152
152 
Strategic Construction Marketing Tools
Construction Marketing
MARCH 12, 2013
Below we will share several popular strategic marketing tools including internet-based competitive intelligence, market segmentation, perceptual maps, the growth-share matrix, and product life cycle analysis. Product Life Cycle Analysis. Internet-Based Competitive Intelligence.
Life Cycle 251
251 
Facilities Maintenance and Repair Goals
Job Order Contracting
AUGUST 30, 2022
Life-cycle management in concert with organizational mission. Facilities Maintenance and Repair Goals include… Optimizing asset value. Maximization of maintenance and repair cost visibility and cost management. Mitigation of unplanned events. Enhancement of facility user experiences and satisfaction.
Life Cycle 202
202 
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.
Life Cycle 130
130 
Best Value Construction Procurement Planning and Project Delivery
Job Order Contracting
JUNE 24, 2020
Real property owner leadership and competency is a prerequisite for efficient life-cycle management of the built environment. Best value construction procurement planning and project delivery is based upon solid leadership, and supported by collaborative teams and integrated robust processes, tools, and support services.
Procurement 264
264 
Let's personalize your content