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Dana Smith

TCO-SAM (Total Cost of Ownership - Strategic Asset Management)



Deke is a facility and IT architect. He is co-author of Building Information Modeling: A Strategic Implementation Guide, published in 2009 by Wiley, and Developing BIM Talent: A Guide to the BIM Body of Knowledge With Metrics, KSA’s, and Learning Objectives, published by Wiley in 2021. Deke co-chaired the development of the two-part APPA TCO Standard, and has a background in cost estimating, life cycle costing and value engineering.

 What to expect during the event

Good designers understand they have responsibilities long after the initial design is complete, the structure is built, and the handover has been completed to the owner. The initial design will affect the project’s entire life. An owner will either evolve through the life cycle of their facility easily or be faced with complex challenges at each step of the process. The cost impact on the owner could be minimal or significant. Those early design decisions will determine the long-term effects on the structure. Designers should provide enough information to ensure that future decisions and costs borne by the owner are minimized. The best way to accomplish this is by the designer thinking through what the total cost to the owner will entail. Designers need to be knowledgeable about their design responsibilities and the more holistic implications of their decisions. • The importance of looking at the total cost of a structure. • The reason owners should demand the total cost versus the first cost. • The importance of design decisions on the life of the facility. • The principles of the total cost of ownership. • Understanding the values of a TCO standard.

Design Decisions Define the Total Cost of the Project for the Owner

  • 07 Sept, 09:00 – 18:00 IST
    Dublin 4, Anglesea Rd, Ballsbridge, Dublin 4, D04 AK83, Ireland
    Live @ RDS Dublin, Ireland + Virtual. Meet and share knowledge with the BIM Heroes of the AEC Industry. A celebration of excellence and digital innovation in Architecture, Engineering and Construction.
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