Whitestone Report: Current and Future M&R Funding Needs for a Historic School
SANTA BARBARA,
CA-August 16, 2002-Decisions about the economic viability of a 100-year old school in Delaware depended on accurate estimates of current and future M&R funding requirements. Current M&R requirements were estimated with a conventional facility assessment, and also estimated using the Whitestone MARS life cycle cost model. The difference between the two estimates was less than 10 percent, demonstrating that a life cycle model can be a cost-effective alternative to physical inspection for estimating deferred maintenance. The same model showed that future M&R costs for the historic school would average almost 40% higher than those of a new school.
Whitestone Research, with headquarters
in Santa Barbara, California, specializes in applied economic research
and software development. Whitestone products and services are used
every year by hundreds of major corporations, government agencies,
and public and private institutions.
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