Prior to finalization of plans for the construction of new buildings or for major remodeling of existing facilities, a “life cycle cost analysis” shall be prepared. The “life cycle analysis” shall be approved by the board before any 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.
Legal Reference: Iowa Code §§279.8, 470 (1991)
Cross Reference: 805.01 Purchasing - Bidding
805.03 Requisitions and Purchase Order
805.04 Receiving Goods and Services
Approved: 6-08-92
Reviewed: 3-08-21
Revised:
