The Time to Shape Future Life-Cycle Costs is at the Infrastructure Planning ‘Front-End’!
Life Cycle Costing Tool for Community Infrastructure Planning
The Life Cycle Costing Tool for Community Infrastructure Planning was created by Canada Mortgage & Housing Corporation to allow a user to estimate the major costs of community development, and to compare alternative development scenarios.
“A good measure of the applicability of the Tool to a given project is whether or not alternatives can be conceived that would result in significantly different densities or infrastructure requirements, or make use of different green infrastructure alternatives,” writes Dr. Penny Burns in the February 2011 issue of her Strategic Asset Management newsletter.
Based in Australia, Dr. Burns is an internationally recognized economist; and is acknowledged as the first person to write about asset management (in 1984).
“How many asset managers get involved in evaluating the life cycle costs of new planned developments? If we don’t get involved at this upfront stage, we have no opportunity to shape future life cycle costs.”
“Perhaps if new developments were only accepted when they could demonstrate that their life cycle costs would be covered by life cycle revenues or if the local community voted to subsidise the new development through increased rates, there would then be more encouragement to design sustainable developments?”
To Learn More:
To read the complete story posted elsewhere on the Green Infrastructure Community-of-Interest, click on Life Cycle Costing Tool for Community Infrastructure Planning.
Posted April 2011