A 1,200 pupil school that costs 拢18.75m will (approximately)...

鈥� deliver 200 earners into the economy a year over 40 years at, say, 拢15,000 a year. That equals 拢120m (assuming all are on a relatively low wage and that the school delivers no added value 鈥�)

鈥� employ 60 education professionals over 40 years at an employment cost of, say, 拢40,000 a year each. That equals 拢96m.

鈥� cost in the order of 拢5m a year to maintain, repair, refurbish, heat and cool over 40 years. That equals 拢200m.

All of this equals a total of 拢416m (perhaps more 鈥� QSs, you tell me).

Why, then, the seven pages of concern about a capital cost of less than 拢18.75m 鈥� 4% of the total cost (25 April, page 90). Simple capital cost analyses don鈥檛 tell you the value equation.

Early design quality indicator and structured value management workshops (including time spent listening to and acting on pupil and teacher views) will tell you much more, than a simple capital cost analysis. Try it and see what a difference it makes to your client鈥檚 project (it鈥檚 theirs for 40 years, not yours for two).

Mike Thomas, integrated teamworking facilitator

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