Ask OMS: Accounting Meets Architecture with Life-Cycle Costing
June 19, 2013 · Matthew Mayol · Ask OMS · 0 CommentsAs a reminder, OMS has a new feature on its website called Ask OMS. The purpose of Ask OMS is for you to post your questions related to architecture, and then we’ll provide the answers. Do you know what life-cycle costing is or how it relates to architecture? The definition of life-cycle costing is below.
Definition: an accounting methodology used to evaluate the economic performance of a product or system over its useful life. It considers operating costs, maintenance expenses, and other economic factors.
Definition Source: United States Green Building Council
At OMS we take life-cycle costing into account, as we work with our clients to deliver architectural solutions.
Tags: accounting, Architecture, ask oms, life-cycle costing