What is the Value of Collecting Total Cost of Occupancy (TCO) for State Owned and Leased Facilities?
- TCO helps the State to plan for present costs and future needs relating to space
- TCO provides detailed information that can be used to improve the accuracy of estimates for space planning purposes
- TCO provides information on the full cost of real estate decisions and their role in agencies’ ability to meet their missions; that is, it supports the link between financial and operational objectives
- TCO serves as supporting data for initiating space changes or recommending the status quo
- TCO helps agencies develop a business case to support a building project, where appropriate
The TCO mandate was included in the 2005-07 biennial budget Act 25.
The below document is intended as guidance to agencies in meeting the TCO mandate for their agency-owned buildings:
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