Government department lifecycle cost forecasting exercise

BWA were commissioned to undertake strategic life cycle replacement (LCR) cost and maintenance cost forecasting as part of a strategic asset management project by a Government department. The methodology adopted for strategic forecasting was centred around the construction of 55 cost models representing different parts of the estate (approx. 2,000 properties) with the principal objective of building up consistent cost metrics over a 25 year period to understand the long term funding requirement. This approach was adopted in response to the restricted timescale and budget available, whilst still providing sufficient evidence for informing portfolio budget negotiations.