Whole Life Performance-Cost

Changes in technology used in buildings not only impact on the way people within a building work but also on the way that building itself operates. They also affect the nature of the physical structure and configuration of the building. There have, in addition, been a number of developments in the way that buildings are procured. An example within the Public Sector is the introduction of the Private Finance Initiatives. These are bringing a Whole Life Cost approach to the procurement of various types of public buildings.

Is it possible to use "Whole Life Performance-Cost approach" in the assessment of building quality and building performance? Is it possible to integrate in a practical tool the ability to assess the cost of the quality?

Assessment of the whole life performance and cost of an asset over its lifetime takes into consideration initial capital costs and future costs, including operational costs, maintenance costs and replacement / disposal costs at the end of its life. It enables investment options to be evaluated more effectively by taking into account the impact of all costs, and permits optimisations of construction spending and timing.

The main objectives of the Whole Life Performance-Cost approach to the building assessment are to:

give to the clients assurance of their buildings’ long-term performance and costs
allow developers, manufactures, design and construction teams to know how much a building will cost to occupy and how successfully it will continue to meet the occupier’s business requirements