Life Cycle Cost Analysis

Axias’ approach to Life Cycle Cost Analysis assesses the Total Cost of Ownership (TCO) of a facility, a specific component, or a discrete building system. This analysis can help evaluate the alternate scenarios to determine which can provide the lowest total ownership cost while maintaining performance, quality, reliability, and safety goals. This analysis is particularly useful when project alternatives that fulfill the same performance requirements but differ in initial costs and operating costs need comparison to select the best return on the investment.

Accurate cost data and an understanding of the operations and maintenance requirements of all components being analyzed are critical to the accuracy and effectiveness of the Life Cycle Cost Analysis. Axias is actively engaged in local market research across the country, and globally, to obtain accurate prices to support the project budget development process from early concept to total facility life cycle costs for construction.