Prior to finalization of plans for the construction of new buildings or for major remodeling of existing buildings and sites, a life cycle cost analysis shall be prepared. The life cycle analysis shall be approved by the board before contracts for construction or renovation are let.
The analysis will consider certain costs of owning, using, and operating a building over its economic life. Other factors the analysis will include, but not be limited to, are the initial costs, system repair and replacement costs, maintenance costs, operating costs, including energy costs, and salvage value.
It shall be the responsibility of the superintendent to have this analysis prepared.
Approved: 7-1-92
Reviewed: 12-11-95, 11-13-00, 10-14-03, 04-09-07, 01-19-10, 6-11-14
Revised: 7-11-22
