Life-cycle FM – Asset Total Cost of Ownership Management considers the cost off facilities planning, design, acquisition, operation, maintenance and disposal costs. It can be used, in addition to LEAN repair, renovation, and construction delivery methods (Integrated Project Delivery and LEAN job order contracting) to optimize resource utilization.
When considered during the planning and procurement phases, Life-cycle FM – Asset Total Cost of Ownership Management can greatly improve the likelihood of best value outcome attainment for all participants and stakeholders.
Increasing added value per dollars expended has been problematic for most real property portfolio owners, but especially so within the public sector.
In order to effect measurable positive advancement it is important to understand the full costs of repair, renovation, maintenance, and new build projects and opportunities to optimize the supply chain.
Conventional procurement approaches lack the robust, collaborative processes that are required to provide requisite levels of either 1.) financial and technical visibility and transparency, or 2.) principles, systems, and workflow to support integrated planning, procurement, and project delivery.
The significance of adopting readily available tools and services to support efficient Life-cycle FM – Asset Total Cost of Ownership Management is far from trivial. Projected cost savings could easily reach 30%-40%, while consistent delivery of quality repair, renovation, or new construction projects on-time and on-budget is virtually guaranteed.
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