Whole Life Cycle Costing

Author: Abdelhalim Boussabaine
Publisher: John Wiley & Sons
ISBN: 0470759151
Format: PDF, ePub
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Whole life-cycle costing (WLCC) is rapidly becoming the standard method for the long-term cost appraisal of buildings and civil infrastructure projects. With clients now demanding buildings that demonstrate value for money over the long term, WLCC has become an essential tool for those involved in the design, construction, operation and risk analysis of construction projects. Whole-life costing: risk and risk responses offers a thorough grounding in both the theory and practical application of WLCC. Part I deals with the fundamentals, providing the general background to appreciate WLCC concepts and whole life risk management techniques at the key decision-making milestones through a project’s life. Part II covers the design stage, including service life forecasting and environmental life-cycle assessment techniques in WLCC. Practical frameworks both for assessing whole life risks and risk responses, as well as guidance on developing WLCC budget estimates are also developed. In Part III, the authors consider WLCC during the construction and operations stages, with a strong emphasis upon risk analysis methods and dynamic WLCC assessment. With its mixture of established theory, best practice and innovative approaches, this book will help you make more accurate assessments of the long-term cost effectiveness of projects by: providing a thorough grounding in the theory of WLCC demonstrating how decision-making uncertainty can be reduced by basing choices on sound risk management principles identifying a systematic approach to planning the post-occupancy costs.

Projektabwicklung in der Bauwirtschaft

Author: Gerhard Girmscheid
Publisher: Springer-Verlag
ISBN: 3540725555
Format: PDF, Docs
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Ein lifecycle-orientiertes Buch für Auftraggeber und Leistungsanbieter: Aus betriebswirtschaftlicher und prozessbezogener, baubetrieblicher Sicht vergleicht es die Vor- und Nachteile diverser Projektabwicklungsformen. Dabei betrachtet es deren Vorteile aus Sicht des Bauherrn und des Unternehmers. Plus: branchenspezifische Auswirkungen von Kundenanforderungen, Anreizsysteme, Mehrwert, u.v.a.m. Bewährte Darstellung in 2., aktualisierter Auflage.

Maintenance Costs and Life Cycle Cost Analysis

Author: Diego Galar
Publisher: CRC Press
ISBN: 1351650238
Format: PDF, ePub, Mobi
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Authors have attempted to create coherent chapters and sections on how the fundamentals of maintenance cost should be organized, to present them in a logical and sequential order. Necessarily, the text starts with importance of maintenance function in the organization and moves to life cycle cost (LCC) considerations followed by the budgeting constraints. In the process, they have intentionally postponed the discussion about intangible costs and downtime costs later on in the book mainly due to the controversial part of it when arguing with managers. The book will be concluding with a short description of a number of sectors where maintenance cost is of critical importance. The goal is to train the readers for a deeper study and understanding of these elements for decision making in maintenance, more specifically in the context of asset management. This book is intended for managers, engineers, researchers, and practitioners, directly or indirectly involved in the area of maintenance. The book is focused to contribute towards better understanding of maintenance cost and use of this knowledge to improve the maintenance process. Key Features: • Emphasis on maintenance cost and life cycle cost especially under uncertainty. • Systematic approach of how cost models can be applied and used in the maintenance field. • Compiles and reviews existing maintenance cost models. • Consequential and direct costs considered. • Comparison of maintenance costs in different sectors, infrastructure, manufacturing, transport.

Value Management of Construction Projects

Author: John Kelly
Publisher: John Wiley & Sons
ISBN: 1118355148
Format: PDF, ePub, Docs
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Value Management is a philosophy, set of principles and a structured management methodology for improving organisational decision-making and value-for-money. The second edition builds on the success of the first edition by extending the integrated value philosophy, methodology and tool kit to describe the application of Value Management to the areas of service delivery, asset management, and, Programmes, in addition to Projects, products and processes. Value Management is a well-established methodology in the international construction industry, and in the UK has been endorsed as good practice in a range of government sponsored reports. In this book the authors have addressed the practical opportunities and difficulties of Value Management by synthesising the background, international developments, benchmarking and their own extensive consultancy and action research experience in Value Management to provide a comprehensive package of theory and practice. The second edition retains the structure of the first edition, covering methods and practices, frameworks of value and the future of value management. It has been thoroughly updated, and a number of new chapters added to encapsulate further extensions to current theory and practice. In particular, the new edition responds to: A range of recent UK industry and government publications; and most notably BS EN 16271:2012 - Value management: Functional expression of the need and functional performance specification; the imminent update of BS EN 12973:2000 Value Management; BS EN 1325 Value Management – Vocabulary, Terms and definitions; the changes to "Value for Europe" governing the training and certification of Value Management in European Union countries; the UK Government’s Management of Value (MoV) initiative, together with other leading reports, international guidance and standards on Value Management. Research in Value Management undertaken since publication of the first edition. Changes in Value Management practice particularly in Programmes and Projects. Developments in the theory of value, principally value for money measures, whole life value option appraisal, and benefits realisation. Initiatives in asset management initiatives covering the management of physical infrastructure, for example the recent launch of a suite of three standards under the generic title of BS ISO 55000: 2014 Asset Management, and its predecessor BSI PAS55 2008 “Asset Management: Specification For The Optimized Management Of Physical Assets” The second edition contains a dedicated chapter of exemplar case studies drawn from the authors’ experience, selected to demonstrate the new areas of theory and practice. An Appendix includes an extensive set of tools and techniques of use in Value Management practice. Construction clients, including those in both the public and private sectors, and professionals such as construction cost consultants, quantity surveyors, architects, asset managers, construction engineers, and construction managers will all find Value Management of Construction Projects to be essential reading. It will also be of interest to researchers and students on construction related courses in Higher Education – particularly those at final year undergraduate and at Masters level.

Ferry and Brandon s Cost Planning of Buildings

Author: Richard Kirkham
Publisher: John Wiley & Sons
ISBN: 1118887581
Format: PDF, Mobi
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This new edition of the classic quantity surveyingtextbook retains its basic structure but has been thoroughlyupdated to reflect recent changes in the industry, especially inprocurement. Although over the last 20 years a number of new procurementmethods have evolved and become adopted, the recession has seenmany clients revert to established traditional methods ofprocurement so the fundamentals of cost planning still apply - andshould not be ignored. The first edition of this leading textbook was published in 1964and it continues to provide a comprehensive introduction to thepractice and procedures of cost planning in the procurement ofbuildings. This 9th edition has been thoroughly updated toreflect changes that have occurred in the UK construction industryin the past six years. Whilst retaining its core structure of thethree-phase cost planning process originally developed by Ferry andBrandon, the text provides a thorough grounding in contemporaryissues including procurement innovation, whole life cycle costingand modelling techniques. Designed to support the core cost planning studies covered bystudents reading for degrees in quantity surveying and constructionmanagement, it provides a platform for understanding thefundamental importance of effective cost planning practice. The principals of elemental cost planning are covered from bothpre- and post- contract perspectives; the role of effectivebriefing and client/stakeholder engagement as best practice is alsoreinforced in this text. This new edition: Addresses The Soft Landings Framework (a new govt. initiative,especially for schools) to make buildings perform radically betterand much more sustainably. Puts focus on actual performance in useat brief stage, during design and construction, and especiallybefore and after handover. Covers recent changes in procurement, especially under the NECand PFI Provides more on PPP and long-term maintenanceissues Offers an improved companion website with tutorial worksheetsfor lecturers and Interactive spreadsheets for students, e.g. developmentappraisal models; lifecycle costing models

Cost Planning of PFI and PPP Building Projects

Author: Abdelhalim Boussabaine
Publisher: Routledge
ISBN: 1134224885
Format: PDF, Docs
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This topical and timely book presents and innovative approach to dealing with the complexities of cost planning in PFI. PFI/PPP projects have a significantly different costing environment from conventionally procured projects, requiring cost analysts to use their expertise and innovative thinking to develop whole-life cost solutions that deliver value for money to the client, thus improving public building assets performance. Abdelhalim Boussabaine provides a thorough grounding in the theory of PFI, from its early evolution through to examples of current projects. In particular, the rationale for private financing of public services, arguments for and against PFI and 'value for money' mechanisms are discussed. The book presents an innovative framework for whole-life value and calls for changes in the way whole life cycle value is perceived, created and exchanged. Cost Planning of PFI and PPP Building Projects provides the reader with existing knowledge as well as present innovative thinking for future development and management of PFI/PPP cost planning processes. Given the importance and novelty of this book, academics, professionals, undergraduate and postgraduate students will find this book valuable.

Policy Management and Finance for Public Private Partnerships

Author: Akintola Akintoye
Publisher: Wiley-Blackwell
ISBN: 9781405177917
Format: PDF
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This book examines some of the key policy, financial and managerial aspects of public-private partnerships within the context of the global spread of this form of procurement. The chapters investigate political and institutional issues surrounding PPPs, together with the financial and managerial strategies employed by the private sector. Adopting a cross-disciplinary perspective, the book highlights the often politically sensitive nature of these projects and identifies a need for the private sector to investigate a broad set of parameters which relate to the particular political economy of individual partnerships. Policy, Finance & Management for Public-Private Partnerships covers a range of specific issues, including: partnerships in developing countries; innovation in partnership-based procurement; government and business interaction; institutional and organisational approaches to facilitating partnership; project and corporate financing; risk and value management; market analysis, modelling and forecasting; capital structure decisions and management; investment theory and practice; pricing and cost evaluation; statutory regulations and their financial implications; option pricing; financial monitoring; syndicate funding; new roles for the financial and insurance sectors; institutional and multilateral funding; payment mechanisms; concession period determination; risk analysis and management; whole life value methodology; cost comparators and best value; team building, team work and skill development. Contributions from Australia, Europe, the Far East, South Africa and the United States together present the current thinking and state-of-the-art approaches to public-private partnerships.

Life Cycle and Sustainability of Civil Infrastructure Systems

Author: Alfred Strauss
Publisher: CRC Press
ISBN: 020310336X
Format: PDF, Kindle
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Life-Cycle and Sustainability of Civil Infrastructure Systems contains the lectures and papers presented at the Third International Symposium on Life-Cycle Civil Engineering (IALCCE 2012) held in one of Vienna’s most famous venues, the Hofburg Palace, October 3rd-6th, 2012. This volume consists of a book of extended abstracts (516 pp) and a DVD-ROM with 344 full papers (2515 pp) presented at IALCCE 2012, including the Fazlur R. Khan Lecture, 10 Keynote Lectures, and 333 Technical Papers from 52 countries. All major aspects of life-cycle civil engineering are addressed, including aging of structures, deterioration modeling, durable materials, earthquake and accidental loadings, sustainability, fatigue and damage, structure-environment interaction, design for durability, failure analysis and risk prevention, lifetime structural optimization, long-term performance analysis, performance-based design, service life prediction, time-variant reliability, uncertainty modeling, damage identification, field testing, health monitoring, inspection and evaluation, maintenance strategies, rehabilitation techniques, strengthening and repair, structural integrity, decisionmaking processes, human factors in life-cycle engineering, life-cycle cost models, project management, lifetime risk analysis and optimization, whole life costing, artificial intelligence methods, bridges and viaducts, high rise buildings, offshore structures, precast systems, runway and highway pavements, tunnels and underground structures. This volume provides both an up-to-date overview of the field of life-cycle and sustainability in civil engineering and significant contributions to the decisionmaking process for the purpose of enhancing the welfare of society. The aim of the editors is to provide a valuable source of information for anyone interested in life-cycle and sustainability of civil infrastructure systems, including students, researchers and practitioners from all areas of engineering and industry.