Whole life costs and project procurement in port, coastal and fluvial engineering

Whole life costs and project procurement in port, coastal and fluvial engineering.
Simm, J.D.and Masters, N.
Technical Report. Thomas Telford . (2003)

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Official URL:http://www.icevirtuallibrary.com/content/book/101111
Abstract:There is a clear need in port, coastal and fluvial engineering to gain an understanding of the costs incurred throughout the life of a particular structure or engineering scheme. A better understanding of these costs will lead to more informed decisions at the project appraisal stage and result in more cost-effective project choices. Whole life costing encourages the choice of solution with the optimum balance between capital and maintenance costs. It also reduces the risk of failure during service life or loss of functionality of the construction by encouraging a planned monitoring and maintenance regime. Whole life costing is not a new concept. However, thinking about costs has traditionally been segregated into 'boxes' of capital, maintenance, operational and disruption costs, a split often emphasised by divisions of responsibility within organisations. Experts at HR Wallingford have produced a new guide "Whole life costs and project procurement in port, coastal and fluvial engineering – how to escape the costs boxes", that gives the necessary advice and data to break down the barriers between cost boxes, so that costs can be considered holistically. The guide provides detailed information, including how to access a database containing historic maintenance costs information, to facilitate the use of whole life costing. Case studies are presented showing the application of whole life costing at various stages in numerous port, coastal and fluvial engineering projects. The publication is aimed at all those who are involved in the estimation and calculation of project cost for port, coastal and fluvial engineering schemes. It is designed to inform the needs of owners and project funders (such as DEFRA, Environment Agency, local authorities, port authorities and internal drainage boards), consulting engineers and contractors. Contents: Background and use of the guide. Part A: An overview of whole life costing methodologies; Whole life costing as part of the project process; Whole life costs: influences and tools; Banishing the 'cost boxes' viewing costs holistically; References; Appendices. Part B; Case studies
Item Type:Monograph (Technical Report)
Subjects:Floods > General
ID Code:826
Deposited On:12 May 2014 10:18
Last Modified:07 Aug 2014 07:20

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