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Whole-of-Life Costing for Commonwealth Property Management

 

-- This has been superseded by RMG 500 – Commonwealth Property Management Framework. Refer to: http://finance.gov.au/property-management-framework/ --

 

The Whole-of-Life Costing for Commonwealth Property Management guidance provides assistance for agencies when undertaking whole-of-life cost estimates for property and capital works projects. It is aimed at providing a holistic approach to the way in which property and capital works projects are developed and considered.

This guidance is intended to be a resource for project planners, property managers and officers:

  • when planning for a property transaction;
  • undertaking cost-benefit analysis;
  • undertaking a project subject to a Two-Stage Capital Works Project;
  • developing a property New Policy Proposal; or
  • throughout the operational phase of a property to inform lease and lease options negotiations.

The guidance is focussed on the whole-of-life costing aspects of domestic properties or capital works. Those officers seeking guidance on capital works or property transactions outside of Australia, would need to incorporate other relevant information when undertaking their whole-of-life costings.

Assistance with whole-of-life costing is available from PropertyFramework@finance.gov.au.

RMG No. 503 Whole-of-Life Costing for Australian Government Property Management

This RMG replaces FMG No. 15 Whole-of-Life Costing for Commonwealth Property Management, January 2012.

The Whole-of-Life Costing for Commonwealth Property Management guidance provides assistance for agencies when undertaking whole-of-life cost estimates for property and capital works projects.

The revised document contains no change in policy, only updated terminology to ensure consistency with the PGPA Act.

Contact for information on this page: PropertyFramework@finance.gov.au.