USING LIFE CYCLE CONCEPTS TO ESTIMATE BUILDING COSTS

Abstract

While it is true that library building construction and operating costs can be budgeted and controlled independently, they are very interdependent. When initial construction decisions are made without considering that interdependence, they can affect the operating costs of the library every year the facility is in use. Still, for many library managers, state‐of‐the‐art estimation and attribution of costs in library construction is a moving target: pursued but rarely captured. Following a few rules of thumb based on the concept of a building's life cycle can help you determine how construction and operating costs interrelate and impact on the library's financial future.

Citation

Cummins, T.R. and Jenks, T. (1989), "USING LIFE CYCLE CONCEPTS TO ESTIMATE BUILDING COSTS", The Bottom Line, Vol. 2 No. 2, pp. 15-17. https://doi.org/10.1108/eb025166