Understanding the Lifecycle Cost of a Building Automation System
About this session:
Life cycle cost is something we innately consider when making large-scale and long-term purchasing decisions in our daily lives. Investing in a building automation system should be no different. While many facility managers focus on the initial price tag, the cost and savings over the next 5 to 10+ years should be what really drives this decision. Factors such as maintenance contracts, warranties, controller failure, adding new components, and service calls must be considered. This presentation will help educate facilities managers on the questions they should be asking when evaluating BAS service partners.
1. Recognize why the initial investment is just the tip of the iceberg when it comes to a building automation system
2. Review long-term service and maintenance costs expected with a building automation system
3. List how to better evaluate BAS vendors
4. Explain how increased costs on the front end may be justified by energy savings, incentives, reducing operation costs, etc.