In an age of decreased budgets and increased demands, facility owners and managers are facing challenges, such as…
- Inadequate funding of operations and maintenance
- Program needs evaluated independently of current conditions
- Defining, managing, and reporting deferred maintenance backlog and capital renewal needs
We talk to our clients every day about how to use the Total Cost of Ownership (TCO) framework to improve asset management. Developed by APPA, TCO considers all of the costs associated with designing, building, operating, maintaining, and renewing physical assets by integrating programming, operations, and capital renewal planning.
TCO is a framework to enable defensible funding requests, enabling communities, organizations, and buildings that are effective, efficient, and enduring.
We spoke about TCO at the Virginia APPA conference in 2023 and we have several other upcoming speaking engagements where we will discuss how to apply the TCO framework. Give us a call at 703.591.4855 if you are interested in learning more.
