International Construction Project Management;5 Cost Estimation;CONTENTS;CONTENTS;5.1 Costs Associated with Constructed Facilities;What parts of Costs Associated with Constructed Facilities?;Initial capital cost;Initial capital cost;Operation and maintenance costs;Operation and maintenance costs;What is the most important cost?; From the owner’s perspective, it is equally important to estimate the corresponding operation and maintenance cost of each alternative for a proposed facility in order to analyze the life cycle costs.
The large expenditures needed for facility maintenance,
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