Overview
- Provides life cycle costs for all types of asset maintenance categories and services, including Buildings, Communities, Amenities, Infrastructure, and Utilities.
- Covers all associated “Soft” FM costs, including Cleaning, Security, Transportation, Landscaping, Management, Administration, Manpower and Labor, Consumables, Spare Parts, and other related expenses, including inflation, legal fees, and insurance costs.
- Demarcates service charges and service categories between utilities, infrastructure, buildings, support facilities, and end users.
- Confirms annual service charge revenue and cost requirements for Operations and Maintenance services, as well as Capital Replacement fund projections (sinking funds) for a development.
- Supports the preparation of FM operating budgets.
- Facilitates benchmarking of FM Operator and Service Provider costs.
- Details each line item for each service category (technical and non-technical services) calculated on a m² and ft² basis and in monetary terms to meet client obligations to owners, tenants, and concessionaires under the Service Charge Fund asset owners.
- Ensures that all individual Community, Infrastructure, Utilities, Building, and support service elements and assets are analyzed, captured, apportioned, and included in the service charge provisions based on Life Cycle Analysis principles.
Methodology (Process):
Step 1:
Various meetings will be held with site development personnel and project managers to gather information, drawings, technical specifications, tender documents, existing contracts, and Bills of Quantities.
Step 2:
Once all available data and information about process requirements have been collected and collated, we will review and analyze the data to determine:
o Validity
o Completeness
o Gaps
o Assumption criteria
This step includes determining the interconnection between data for individual utilities and how these interrelationships affect the overall development and expense appropriation and allocation.
Step 3:
o Model Development: Once the background information and assumption criteria have been collected and synthesized, the initial draft financial models are constructed, edited, and revised to incorporate all necessary categories of information/data for the operating and capital cost models.
o Calibrate Model: Once the structure and model elements have been developed, the model is calibrated in terms of data ranges being checked and the model operation confirmed before it is applied, and conclusions are drawn and provided.
o Mixed-Use Development: An Applied “Weighted Criteria Assessment Matrix” will be used for the fair and reasonable apportionment of common areas and other services.
Step 4:
o Based on the findings of the cost model, several conclusions are drawn to assist the Client in budgeting future operations, maintenance, and capital replacement activities and projects by undertaking sensitivity analysis and risk analysis within the context of their Master and Financial Plans.
o Risk analysis is a subset of sensitivity analysis, where parameters that cause the greatest changes in the bottom line are determined. This helps establish where greater controls and insurances may be required.
Why Choose Us
Expertise in Comprehensive Modeling
Tailored Solutions for Diverse Needs
Enhanced Financial Planning
Benchmarking for Cost Efficiency
In-depth Risk and Sensitivity Analysis
