Commercial Construction – Spending More Now to Save in the Future
written by Pugh Constructors
When constructing a new building or renovating an old one, the consideration of life cycle costs will lead to the long term best value for your company. Spending more today could save even more in the future. Often companies will pursue vigorous cost cutting measures during the design and construction phases only to move the burden to higher operating and maintenance costs. The potential to reduce life-cycle costs is dependent on the quality of both design and construction. This process encourages the selection of building components and systems based on their performance and durability making sure that they are appropriate to the function and expected life of the asset.
Analyzing the long-cycle costing or whole-life costing of a building or project involves looking at the costs of funding, design, construction, maintenance and repair, and operation of a building. The construction or renovation of a building accounts for only a fraction of the long-term costs. Some reports estimate that over the life of a building, maintenance, repair, renovation and operation costs will be 2 to 8 times the initial investment. Your new asset on your balance sheet has now become a bigger expense on your future income statements. Designing and constructing with the end in mind will lead to more consistent financial results.
Someone once said, “It is unwise to pay too much, but it is foolish to spend too little.” This is never truer than when designing and building your new facility. Work with a high quality commercial construction contractor that can recommend products for your unique needs. Simple things like eliminating the suspended ceiling, using spiral duct and polished concrete floors in our office led to lower operating and maintenance costs. Using the spiral ducts also improves air quality because they are resistant to mold and easy to clean. It also improves accessibility to various building elements for foreseeable maintenance and replacement work.
To incorporate whole-life cost planning into your project, bring your commercial construction firm in during the design phase as your Commercial Construction Manager at Risk. Their team can assist you with life cycle cost issues, constructability reviews, budgeting services, cost estimating, and scheduling.
4834 Whirlwind Drive
San Antonio, TX 78217