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Biochemical engineering 4 It is important, however, that benchmarking does not simply consider construction costs, as these are only a small proportion of whole-life costs, and setting a low benchmark for construction could result in higher operating, maintenance and refurbishment costs throughout the life of the building. BEST Benchmarking in Construction PDF Benchmarking is the process of comparing your own organization, operations, or processes against other organizations in your industry or in the broader marketplace. Benchmarking can be applied against any product, process, function or approach in business.
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