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Operations Manual The University of Iowa

PART V. ADMINISTRATIVE, FINANCIAL, AND FACILITIES POLICIES

CHAPTER 34: PROCEDURAL STEPS FOR CAPITAL IMPROVEMENT PROJECTS

(President 11/15/66; amended 9/93; 11/07; 2/08)

34.1 General Policy
34.2 Steps in Planning and Constucting Improvement Projects
34.3 Total-Cost-of-Ownership Decision Framework

34.1 GENERAL POLICY.

34.2 STEPS IN PLANNING AND CONSTRUCTING IMPROVEMENT PROJECTS.
The following is a description of the major steps in planning and constructing improvement projects.

34.3 TOTAL-COST-OF-OWNERSHIP DECISION FRAMEWORK.
(11/07; 2/08)

The University of Iowa employs a broad project decision-making framework based on the total-cost-of-ownership. The total-cost-of-ownership is a composite of financial obligations consisting of the costs for the initial capital design and construction; operations and maintenance; utilities and energy; renewal; and decommissioning or demolition. To take future costs into consideration and aid decision making during the design and construction phases, the University has established the following design standards, policies, and procedures.


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Page last updated August 2009 by Office of the Senior Vice President for Finance and Operations