Lindetorpsvägen 7, Stockholm, Sweden
+46-8-602 12 00
Alexander Jan, Director, Transaction Advice at Arup, offers an economist’s point-of-view on whole life costing.
How can contractors best communicate the fact that spending a little more now will produce long-term savings in maintenance?
Communicating that spending more now can save in the long term requires a combination of things. The construction industry needs to take a broad-based perspective in order to demonstrate that investment will generate dividends across the spectrum. Of course there is the hard numbers aspect – in present value terms does the solution demonstrate value for money? Is it a good whole life cost solution? But crucially, you also have to consider user experience – does a more upfront ‘fit and forget’ solution reduce the number of road closures? There may be safety and environmental benefits – a reduction in exposing contractors to risk, and a decrease in road accidents or in carbon, for example.
As an industry, we must continue to make the case to many stakeholders that expenditure on quality solutions is good value. If we can spell out the arguments and rationale, then that will create pressure and enthusiasm for change.
We have to build on existing success with the Highways Agency, devolved administrations and local authorities. They are rightly asking for us to be able to demonstrate value for money and provide a compelling narrative on wider benefits.
If we can focus on how renewing our roads with the best quality technical solutions can help support growth, employment and competitiveness, that would be very powerful.
"Expenditure on quality solutions is good value."
Alexander Jan, Director, Transaction Advice at Arup
More insight online www.arup.com
First published in Performance Magazine Issue 1 2014
March 8th is celebrated around the world as International Women’s Day. At Nynas we value and depend upon the talent and dedication of the many women employees driving us forward in all areas of our business.Read more about Working towards a more balanced future
As the market demand for non-mineral oil-based products continues to increase, Nynas is launching NYTEX BIO 6200, the company’s first tyre and rubber process oil to be produced using renewable feedstock. This new product will support customers in reaching their sustainability goals without sacrificing important technical properties.Read more about Nynas’ first bio-based tyre oil supports tyre producer’s sustainability goals
The International Maritime Organization (IMO) has announced that it will dramatically lower the global limit on sulfur content for marine fuels from the current 3.5% to 0.5% as of 2020. The aim is to significantly curb pollution produced by the world's ships. Three experts reflect on what this means.Read more about The impact of IMO 2020