Whole life cost calculation

Checklist of categories of costs and values to be considered. Items may need to be added and some may not be applicable to particular projects.

Capital costs

• Land.
• Fees on acquisition.
• Design team professional fees.
• Demolition and site clearance.
• Construction price for building work.
• Cost of statutory consents.
• Development land tax.
• Capital gains tax.
• Value-added tax.
• Furnishings.
• Other capital costs.
• Commissioning expenses.
• Decanting charges.

Financing costs

• Finance for land purchase and during construction.
• Finance during period of intended occupation.
• Loan charges (public sector).

Operation costs

• Energy.
• Cleaning.
• Water and drainage.
• Property management.
• Staff engaged in servicing the building.
• Waste management/disposal.
• Property insurance.
• Rates and other local charges.
• Insurances.

Major repairs and replacement

Subsequent refurbishment and adaptation, redecorations, planned maintenance, reactive, responsive and corrective maintenance, proactive maintenance and grounds maintenance

• Substructure.
• Superstructure.
• Finishes.
• Fittings.
• Services.
• External works.

Occupancy costs

• Rates.
• Internal planting.
• Security and health.
• Staff (related to the building).
• Client's occupancy costs.

Residual values

• Resale value - building, land and plant and equipment.
• Related costs - demolition and site clearance and disposal fees and charges.
• Capital gains tax and balancing charges.