RElifing®
Rider Levett Bucknall's proprietary RElifing® service is a mathematically-based methodology to help building owners capture the remaining value and extend the life of their buildings after years of service.
How does it work? RElifing® determines the 'useful life' of a building by analysing the cost and service life of its various components-structure, external claddings, internal fit-out, and building systems. From this, we can calculate the total life expectancy.
RElifing® then analyses and prices the recommendations for maintenance, upgrades, renovation, and replacement of various building components necessary to extend the building's life expectancy to certain milestones. When this analysis is compared with the cost to build new, owners are presented with a quantitative tool to determine which investment option will make the best use of functional and financial resources.
Benefits
- Identifies building worth and how much remaining lifespan
- Informs and prioritises capital improvement programmes, identifying when and where money can be spent most effectively
- Supports decisions on whether to renovate, modify or build new
- Demonstrates fiscal responsibility in an era of tight budgets
- Defines cost and programme of scheduled maintenance and component replacement for forecasting capital expenditure
- Reduces environmental impact and improves environmental performance
- Identifies areas of environmental, safety and other legislative non-compliances in existing structures
- Maximises the life of existing assets resources as a sustainability measure
- Provides cost-based valuation assistance for depreciation schedules
- Improves user satisfaction and increased tenant demand
Case Study, Existing Customers and Accolades
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