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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 260. Office of Management and Enterprise Services |
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Chapter 65. Construction and Properties |
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Subchapter 11. Life Cycle Costing for State Facilities |
SECTION 260:65-11-4. Results
Latest version.
- (a) The Construction and Properties Department of the Office of Management and Enterprise Services shall sponsor training workshops for Oklahoma State agencies purchasing personnel in the use and/or verification of the Life Cycle Cost Analysis. Until such a time as sufficient expertise is developed in state agencies, the results of the analysis, along with the input data should be submitted by the contractors, vendors or consultants to the Construction and Properties Department of the Office of Management and Enterprise Services for verification.(b) The suggested ranges for applying the Life Cycle Cost Analysis to conduct the analysis without the escalation factors for projects having total costs of more than $7,500, but less than $40,000 (i.e., equations 3.2. and 3.4 in 260:65-11-3(4)). For projects costing more than $40,000, where more accurate estimates are needed, escalation factors are included in the analysis (i.e., equations 3.3 and 3.5 in 360:65-11-3)(4)).