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Capital and Life Cycle

Costs in BIM
Steven Begley, 3327311

Capital and Life Cycle Costs in BIM:


Introduction
Total Asset Cost

Cost planning is about ensuring a building


delivers value for a client

Since eighty percent of a buildings costs are


in its usage, without knowing the costs to run
a building, a client cannot make a truly
informed decision

Cost in Use
Steven Begley, 3327311

Construction Cost

Capital and Life Cycle Costs in BIM:


Design

BIM is useful at every stage of deciding capital and


life cycle costs

The 3D model aspect can inform crucial design


decisions

This allows us to determine our options regarding


pump types (submersible pumps vs surface pumps)

Full costs of each type, taking into account connection


requirements, such as mains discharge, cable ducts,
foul inlets etc.

In other words, BIM informs design decisions,


which in-turn facilitate specification choice for
different building and engineering components.

Steven Begley, 3327311

Source: BSI, 2013

Capital and Life Cycle Costs in


BIM: Modelling/Decision Making

But BIM is more than just 3D models, there are


also data models

COBie translates building information models


into spreadsheet form

This link to the automatic take-off ensures


nothing is missed

Furthermore, the shared data environment


allows for efficient collaborative production of
these models

This is a basic type of Decision Modelling

Steven Begley, 3327311

Reduced Risk,
Increased Cost

Increased Risk,
Reduced Cost

Capital and Life Cycle Costs in BIM:


Modelling/Decision Making

Collaborative working via BIM and the data provided to us via BIM help
us make more informed decisions about complex questions with many
variables.

Steven Begley, 3327311

Operation Phase

BIM

Steven Begley, 3327311

Source: Carbon Trust, 2011

Capital
and
Life
Cycle
Costs
in
BIM
Bibliography
Basement and Drainage Systems. (2016). Packaged Pump Chamber Civil Installation
Instructions. Warrington: Drainage Systems Online.
BSI. (2008). Buildings and constructed assets - Service Life Planning, Part 5: Life cycle
costing. London: BSI Standards Limited.
BSI. (2013). Guide for life cycle costing of maintenance during the in use phase of
buildings (BS 8544:2013). London: BSI Standards Limited.
BSI. (2014). PAS 1192-3:2014, Specification for Information Management For The
Operational Phase of Assets Using Building Information Modelling. London: BSI Standards
Limited.
Carbon Trust. (2011). Green Gauges: Lessons Learnt from Installing and Using Metering
and Monitoring Systems in Low Carbon Buildings. London: Carbon Trust.
Cowan, A. (n.d.). Whole Life and Lifecycle Costing. Retrieved from iSurv, Building Value
from Knowledge: https://www.isurv.com/site/scripts/documents.aspx?categoryID=73
Cruse, A. (2015, May 13). Submersible Pumps vs Self Priming Pumps. Retrieved from
Know+How: http://knowhow.eriks.co.uk/submersible-pumps-vs-self-priming-pumps
Fuller, S. (2010, 06 28 ). Life-Cycle Cost Analysis (LCCA). Retrieved from WBDG (Whole
Building Design Guide: https://www.wbdg.org/resources/lcca.php
Kehiley, D., McAuley, B., & Hore, A. (2012). Leveraging Whole Life Cycle Costs When
Utilising Building Information Modelling Technologies. International Journal of 3-D
Information Modeling, 40 - 49.