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AACE / ESWP Luncheon Meeting
November 29, 2018 @ 11:30 am - 2:00 pm
Topic: Total Cost of Ownership (TCO)
11:30am-Registration and Networking
12noon-Buffet Lunch with presentation immediately following (purchase your tickets below)
Join us for a luncheon meeting featuring Michael D. Sell’Sola, Crawford’s Expert Services Group
Owners today are increasingly committed to ensuring that facilities will provide the lowest overall Total Cost of Ownership (TCO) while meeting capital budgets and addressing scope, goals and objectives.
Life-cycle costing (LCC) is the method used to ascertain and demonstrate the life cycle cost performance of facilities. LCC considers all significant costs of acquiring, owning, and using a facility over its projected effective useful life.
During design, alternatives need to be selected to reflect differing performance of systems relative to their functional requirements, useful life, required maintenance and energy consumption, all in order identify the most effective choice. Commissioning through construction is essential.
During operations, information is passed through from design and construction, often through Building Information Modeling (BIM), and updated on older facilities from Facility Condition Assessments. Maintenance and replacements should be planned and targeted to achieve effective and dependable use of facilities.
TCO has application over the entire life of a facility.
- Understand industry direction for TCO.
- Responding to owner’s needs for lifecycle performance of facilities.
- Using Lifecycle Costing (LCC) to manage the costs of acquiring, owning, and using facility over its useful life.
- Developing and using an overall TCO model to serve as a benchmark for the facility.
- How to implement TCO during planning, design, construction and operations.
- How do professional estimators and engineers fit in?
Michael D. Dell’Isola, PE, CVS, FRICS
Mike, the head of Crawford’s Expert Services Group, has over 40 years’ experience in the construction industry and is an internationally recognized facilitator, speaker and author on cost, value, construction economics and project delivery.
He is one of the industry’s pioneers in life cycle costing (LCC) having contributed to the development of LCC standards for NAVFAC, the US Army Corps of Engineers, NASA and GSA and has provided training and education in LCC since the 1980’s.
He is co-author of the section on “Life Cycle Costing” in the AIA’s Handbook of Professional practice. His book, Architect’s Essentials of Cost Management, was published by John A. Wiley & Sons in 2002.