- Case studies
- Projects seeking partners
- Lessons learnt
- Best practice today
- Life-cycle costing made simple
- Sustainable refurbishment
Life-cycle costing made simple
1. Develop an organisational policy on Life Cycle Costing, Value and Performance
This should cover both new build and the renovation and maintenance of the older stock. Address Life Cycle Costs as an integral priority within the organisation's corporate policies and Asset Management strategies:
- Business Plans
- Investment Options Appraisal systems
- Development and Design guidance
- Project Briefing Manuals, including health and safety plans, energy and sustainability policies, lifetime homes and future adaptability
Set out an Action Plan to ensure that the policy is implemented - this needs to be backed up by adequate resources to ensure its success.
Set Targets in order to achieve the Action Plan. The targets need to be agreed on and provision made for regularly reviewing these through monitoring feedback.
Set clear Standards - this will maximise functionality and value.