Wade Energy has worked with government and academic bodies to develop an LCCA for projects that require extensive capital investment. Our recomendations have been reviewed and implemented based on our analysis.
Life-cycle cost analysis (LCCA) is a method for assessing the total cost of facility ownership. It accounts for all costs of acquiring, owning, and disposing of a building or building system. LCCA is useful when project alternatives fulfill the same performance requirements, but differ with respect to initial costs and operating costs. For example, LCCA will help determine whether the incorporation of a high-performance HVAC, lighting or glazing system, which may increase initial cost but result in dramatically reduced operating and maintenance costs, is cost-effective or not.
Building economists, cost engineers, architects, quantity surveyors, operations researchers, and others might use any or several techniques to evaluate a project. The approach to making cost-effective choices for building-related projects can be quite similar whether it is called cost estimating, value engineering, or economic analysis.
Contact us today to discuss more about using our energy management services for projects that would benefit from a LCCA.