In this episode Clay, Nick, and Mark discuss cost considerations with new or retrofit BMS related projects, specifically initial cost compared to lifecycle cost. A key part of this process is accurately projecting the life cycle costs associated with the proposed project and comparing different options with Net Present Value (NPV). Our team of experts discusses how to generate a cash flow diagram and why NPV is so valuable in determining the financial impacts of different options within a project. We also discuss that although one option may seem better than others with NPV, there are many other things to consider and ultimately it us up to the owner to decide. This is a very engaging and relatable discussion on cost considerations, tune in for a great discussion!