Architecture / June 17, 2018 /
It is clear that the purpose of a building will have a major bearing on its cost. Housing has a very different cost range to apartments and commercial development. Likewish the cost of providing public amenities such as conference centres, theatres and sports stadia cannot be directly related to the provision of public infrastructure such as hospitals or schools. The cost of each building must be related to its individual design, which may be benchmarked against similar national and international projects.
The clients attitude towards initial versus the whole life cost of the building can significantly influence the specification. Buildings incur costs over their life time; these include initial capital costs, operating costs, maintenance, disposal and finance costs. The key decision is whether to spend more money initially on better alternatives in order to save money in maintaining and operating the facility