RElifing

Every asset has a useful life which is derived from its physical attributes as well as the needs of its users. Once a building has aged, owners are faced with the decision to repair, upgrade or replace.

Rider Levett Bucknall's RElifing service is a quantitative based methodology to help building owners and facility managers capture the remaining value and extend the life of their assets after years of service.

RElifing determines the 'useful life' of a building by analysing the cost and service life of its various components, including structure, external claddings, building services and internal fitout. From this, total economic life expectancy is calculated.

RElifing analyses and prices options for refurbishment and particularly the replacement of various building components necessary to extend economic life expectancy. When this analysis is compared with the cost of new construction, owners are presented with a quantitative tool to determine which investment option will make the best use of existing assets and capital.

Benefits

Identifies the present cost of the building and how much life it has remaining
Prioritises your capital improvement program development, identifying effective resource allocation
Supports decisions on whether to maintain, upgrade or replace
Defines cost and program of scheduled maintenance and component replacement for forecasting capital expenditure
Maximises the life of your existing assets as a sustainability measure
Provides cost-based assistance for depreciation schedules

Download RElifing brochure

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