Lifecycle Cost Analysis (LCCA)

Tender description

The London Borough of Barking and Dagenham is currently progressing 32 new build housing projects (appendix 1) which will deliver circa 3,000 new homes by 2025. These homes will be delivered across the borough comprising a mixture of houses and flats, in low-rise to high rise buildings. The current operational costs allowances (appendix 2) used for development viability purposes have been based on housing stock currently managed by the Council through its asset management company My Place. However, this includes older housing stock and is not tailored to modern, new build residential. The Council now require, through this commission, benchmarked target costs for all the operational costs likely to be incurred during the lifespan of these new build residential assets. These should include major repairs, cyclical renewal, maintenance and management/admin costs. These targets will sit alongside individual project lifecycle costs analysis, being undertaken by each project Quantity Surveyor.