Building Componentization And Lifing Studies For Higher Education And Research Institutions
Institutions of higher learning, including research universities and academic medical centers, face constant budget pressures along with stringent financial reporting requirements. Transparency in accounting and efficient use of resources are critical – and a comprehensive building componentization program can assist institutions with both, as well as leading to increased indirect cost recovery. Building componentization is defined as the allocation of reported costs for original construction, additions, and capital renovations on a building-by-building basis to appropriate categories/components [...]