For all of the altruistic (i.e. green building), design, and aesthetic considerations of construction in today’s market, one thing remains to be the priority for developers and property owners – cost. The bottom line is the foundation of the industry, especially here in Alberta.
But cost is so much more than the capital resources required to complete a build. Total cost is the see all, be all. The operating costs of an archetypal building over its lifetime easily exceed its construction cost – sometimes exponentially. Thus, building owners & managers demand to minimize the total cost of the building, instead of just the base cost of construction. Long term thinking prevails when it comes to the financials. Builders that can accommodate this demand will gain a competitive advantage and become industry leaders, especially in today’s economic climate.
This is where insulated concrete forms (ICF) come into play. When it comes to the lifetime operating cost, the total cost of a building, ICF is far superior to other traditional building methods. Let’s find out why.
3 Key Reasons Why ICF Construction Results in a Direct Reduction in Total Operating Costs of a Building
1. Dramatic Reduction in Ongoing Energy Use
Insulated Concrete Form building envelopes can effectively reduce the total heating and cooling requirements by a range of 20 to 70% compared to traditional building materials. In climates such as Alberta (extreme winter temperatures and hot summer days) this reduction leans towards the higher end of the scale. The reason for this is the high thermal resistance of ICF. Insulated concrete forms have an impressive R-Value. NUDURA Insulated Concrete Forms (supplied by Total ICF) have a tested R-Value of 23.59. The ability of ICF to absorb and store heat energy make it the single largest and most cost-effective reduction in a building’s total operating cost.
2. Speed of Construction
Building owners and managers want their project completed quickly. They need this so that they can start earning a profit and begin paying back any loans acquired to complete the project. Enterprises keep track of both operating costs and costs associated with non-operating activities, which include these interest expenses on a loan. Analysts determine how costs are associated with revenue generation (rent, lease, etc.) and whether or not the enterprise can be run more efficiently. The sooner property owners can begin recouping their expenses, the better. ICF is renowned as the fastest means for constructing a quality building. Simply put, with ICF, revenue generation begins sooner.
3. Higher Safety Ratings
The higher a safety rating on a building, the more likely the building will withstand that brunt of natural and manmade disasters alike. When that’s the case, insurance claims and premiums are reduced, which in turn reduces total operating costs. ICF withstands liquid concrete pressure, accommodates reinforcement bars, contains a flame retardant, and has a blast resistance that can take on 50 lbs of TNT with a radius of just 6 feet. The same reasons that make ICF superior for building security (even for panic rooms) and storm proofing provide it with a safety rating that keeps claims and premiums at bay.
Ready to provide your commercial, industrial, municipal, or residential clients with a lower total operating cost on their next build? Contact Total ICF today to get started.