Tag Archives: life-cycle costs

Lifetime Costs of Real Capital Ownership

A major responsibility of a school board is management of the district’s real capital budget. Paul A. Samuelson, in his classic textbook Economics, defines real capital as “equipment, buildings, and inventories.” Any item of real capital has both a first and a life-cycle cost. The car you drive has a life-cycle cost, and the local [...]

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Facility Planning: Invest Now or Pay Later

I recently was struck by the size of the General Accounting Office’s estimate of the financial need of school districts to renovate and modernize their existing building stock. I wondered why the numbers were so high, what types of repairs and modernizations they represented, and how architects and school districts could learn from the past [...]

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A New Approach to Campus Construction

About 30 years ago, a new kind of player began to appear in American architectural practice. Traditionally, most architects supervised the construction of the buildings they had designed, as idealized in Ayn Rand’s 1943 popular novel, The Fountainhead. But by the early 1970s a new kind of professional, often an architect, appeared to handle the [...]

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