Implementation Phase—Operational and Maintenance Costs

After installing a building innovation or constructing a building using innovative technologies, other economic considerations appear as these innovations are used. In the implementation phase of an innovation, economic issues can have a major impact on whether adopting the innovation was a good choice. The major economic considerations during the implementation phase are—

• Financing and interest costs.
• Operating costs.
• Maintenance costs.
• Replacement costs.

For the economic analysis during the design phase, you may have chosen to simply analyze the first costs for your decision making process. If so, you should still be aware of the costs you will encounter during the implementation phase. If the design phase included any payback or lifecycle cost analyses, it is likely you have already considered at least some of these costs.