The British Polish Chamber of Commerce in associations with the Royal
Institution of Chartered Surveyors (RICS) has recently hosted an RICS
CPD event on Life Cycle Costing.
Over 35 senior professionals from the property industry – both members
and non-members - gathered on a Thursday morning to learn and share
information and knowledge about this topic.
Joe Martin, Executive Director of BCIS (Building Cost Information
Service) at RICS gave a presentation on Life Cycle Costing covering the
current issues including:
· The growing importance of LCC particularly in public sector
procurement and for private clients with a high profile ‘green agenda’.
· The necessity to include only costs that will accrue to the client in
a LCC plan as the client cannot judge the value for money of an
investment unless they are allowed to judge value against a clearly
defined cost.
· Current standards for defining LCC including the proposed ISO
15686.2; the UK supplement to the ISO, which provides a defined data
structure; and the EC guidance all of which are due for publication
early in 2008.
· Thre mechanics of preparing a LCC plan and calculating Net Present Value (NPV).
· The data requirements and sources
· Assessing the period of analysis which could be as short as 5 years
in retail and over 60 years for some public sector schemes
· Assessing life expectancy of components. It is important to consider
that many components are replace not because they are physically worn
out but because they are obsolecent for some other reason such as
technically redundant.
The presentation were followed by a lively debate. It was apparent that
while LCC was not routinely carried out in Poland at the moment, EC
procurement rules and inward investment from major international firms
was likely to promote its practice in the forseeable future.
Jonathan Steer FRICS, Director at Europtima, specialists in managing
construction and real estate projects across Europe and sponsor of the
CPD event, added:“ Contrary to logic many major real estate projects
fail to address the life cycle costs of a building with a concentration
on initial capital cost only. With the focus shifting to sustainability
and increasing tenant awareness developers will soon have to embrace
Life Cycle Costing. ”
RICS Polska is planning to organise more CPD events in the near future
and the next one in December will cover the new RICS Measurement
Initiative and topics of the upcoming RICS events will be released in
due course.
|
About the Royal Institution of Chartered Surveyors
Created in 1868 and with 140 000 members in 120 countries,
RICS represents professionals working in property, land and the built
environment all around the world.
RICS has become the mark of property professionalism worldwide by
setting standards and regulating the profession based on a strict code
of ethics. Also, it is the leading source of property-related knowledge
and provides independent, impartial advice to members, governments and
global organisations.
RICS members are known as chartered surveyors, and are recognised by
the globally recognised designation after their name - FRICS (for
Fellow of RICS) or MRICS (for Member of RICS).
The members benefit from networking opportunities through an
international professional community and continuous guidance,
information and support services.
RICS Europe is the European headquarters of RICS based in Brussels and
represents 17 European National Associations across mainland Europe,
one of which is RICS Polska that was established over a decade now.
Today RICS Polska is an association of over 90 fully qualified members
and some 70 trainee and student members who are still gathering
practical experience and/or are undertaking an on-the-job structured
training before they become fully qualified members.
Maintaining the highest educational and professional standards is high
on the association’s agenda for the next couple of years.
As a chartered surveyor you must complete a minimum 60-hour qualifying
activity for Life Long Learning in any three-year period (with at least
10 hours in any single year) to ensure each surveyor is kept up to date
with best practice and current issues in the real estate industry.
RICS Polska has addressed this requirement by offering short but
focussed CPD (Continuous Professional Development) events on a regular
basis. Participating in continuing education is a commitment to being
professional, keeping up-to-date and continuously seeking to improve
your knowledge. It allows you to keep up with the latest professional
standards and practices, while also keeping track of your own levels of
skills
tresc
|
