Here are concrete examples of how the principles of smart metrics made a difference in the client’s bottom line. Facts from the Amgen Center project in Cambridge, Mass.:

Here are concrete examples of how the principles of smart metrics made a difference in the client’s bottom line. Facts from the Amgen Center project in Cambridge, Mass.:

1. Zoning: Project size was increased from 285,000 gsf to 363,000 gsf by using a lawyer to creatively interpret the zoning code. Increase scope was entirely legal (no variances needed) and resulted in an additional 78,000 gsf in the project. At a nominal capital cost of $300/sf, this added $23.4 million of asset value to the project.

2. Inflation: Accelerating the schedule from the conventional (36 months) to HyperTrack (24 months) $4 million was saved, calculated as 12 months x $100 million cost for the shell-and-core at a 4 percent inflation rate.

3. The approvals process in Cambridge for a project of this sort would normally run about 12 months; we completed it in 5½ months. These savings are part of the inflation cost savings noted above.

4. The building uses a unique “distributed mechanical system” which permits each floor to operate independently, so that subsequent changes in the labs can be made without disrupting adjacent floors. Because the building is brand new, these savings have not yet kicked in, but they are expected to save millions of dollars over the useful life of the building.

5. Utilization rates: Normally, lab buildings are 55-60 percent efficient. By BOMA standards, the Amgen lab is 85 percent efficient. This translates to 90,000 feet of additional useful space in the building. At a nominal cost of $300/sf, this is $27 million in added asset value for the client.