MEFMA to release report on life cycle costing
Report to be unveiled on Jan 15 at Dubai World Trade Centre
For the first time in the Middle East, facility managers have a new resource by which they can calculate the life expectancy of buildings in the region.
Commissioned by the Middle East Facility Management Association (MEFMA), the Facility and Equipment Reference and Estimated Service Life Research Report is a qualitative review of the various standards and data sources that help facility managers calculate life cycle costing.
The report was commissioned after research revealed that life expectancy values in the Middle East were based on little more than the opinions of a number of survey respondents. As a consequence, the bibliography of resources and international standards can be accessed by MEFMA members to help them calculate service life data of specific equipment, ranging from manufacturer data to empirical data.
The report also identifies thousands of data sources which should be of considerable value to MEFMA members tasked with assessing facility component life expectancies.
All the referenced data, sources adhere to international standards and provide a simple means to estimate component service life across seven modifying factors; quality of components, design level, work execution level, indoor environment, outdoor environment, in-use conditions and maintenance levels.
Speaking about the report, Tariq Chauhan, group CEO, EFS Facilities Services, said: “The research makes it clear that facility managers cannot avoid the link between finance and budgeting, adequate levels of maintenance and service design life. Inadequate budgeting can lead to less than optimum maintenance, which can have an adverse effect on facility component service life.”
Ali Al Suwaidi, board member, MEFMA, highlighted the need for more performance-related data in the Middle East.
“MEFMA members should contribute to a database of regional facility component life expectancy data,” Al Suwaidi said. “Properly designed, such data would support the development of locally relevant equipment and component life cycle distribution curves which should improve the accuracy of, amongst other things, forward funding assessments.”
The report will be revealed to MEFMA members on 15 January at an event that will review the report and discuss estimated service life calculations in the Middle East. The event is sponsored by EFS Facilities Management and will start at 5pm at The Club on level 33 of the Dubai World Trade Centre.