Insights on Total Cost of Ownership
How can BIM help reduce operations and maintenance costs? What data yields the biggest results? Why isn't it being captured? What is "total cost of ownership" (TCO) anyway?
DPR's Director of Consulting Andrew Arnold answers all these questions in a Q&A for the latest edition of the DPR Review. In the article, Andrew explains that the cost of designing and constructing a building is only 10 percent of the cost over the lifecycle of the building. The operation cost, which includes regular service and preventive maintenance for building systems, ongoing repairs, consumables and energy consumption, is 90 percent. This is why owners are realizing the importance of designing for TCO–often, investing a little more up front in a better building will mean savings over the long term.
Andrew highlights the value that building information modeling (BIM) can provide to operations and maintenance teams. When the right BIM data flows easily to operations teams, they can manage a building more efficiently and effectively.
Read Andrew's entire Q&A here.
Posted on September 22, 2014
Last Updated August 23, 2022