The article compares the effects of crisis on the real estate market in two regions of the Czech Republic that differ from a macroeconomic point of view. The region of Prague represents the rich and developed region while the Karlovy Vary region struggles with many socio-economic and structural problems. An analysis was performed for the time period of 2018 to 2022. It analyzed the development of apartment prices in both regions, the availability of housing, the turnover of the real estate market in terms of the number of apartment sales, the development of liens on real estate, the number of apartment transfers from state property to private ownership, and the development of the number of real estate foreclosures. The basis for creating statistical outputs is the EVAL software, which was developed by one of the co-authors of this article. The EVAL software collects price offers of apartments offered for sale and rent throughout the Czech Republic and collects publicly available data from the cadastral office. The authors found that the real estate market experienced a significant turnaround in the volume of mortgage loans granted in 2022. This decline led to a significant drop in the total volume of real estate transactions. The findings suggest that potential buyers should wait for property prices to drop before buying, while rental property owners and investors can take advantage of the increased demand for properties.

The article focuses on highlighting the role of life cycle costing (LCC) in the preparatory and implementation phase of residential projects. It involves the evaluation of several investment scenarios in the pre-investment phase, the choice between variants of the design of the entire building or its parts, and the choice of variants of structures and equipment with acceptable parameters. An innovative method of evaluating the life cycle of buildings is described in the article. This method was tested in selected residential projects realized by Skanska in the Czech Republic. Experience from construction practice shows that the choice of variants, constructions, or equipment of buildings only on the basis of the lowest acquisition costs (lowest bid prices) is wrong. The LCC calculation tool has been designed to model life cycle costs of individual variants of construction designs with different input parameters. It is possible to analyze the components or equipment that have the greatest impact on total life cycle costs. The article presents a tool that evaluates the long-term economic efficiency of the proposed residential buildings in terms of analysis of life cycle costs. The article will also expand the knowledge of the professional and general public about the importance of examining investment and operating costs already in the phase of construction preparation.

Highways and roads are an important part of public assets in all countries, allowing movement between communities. As well as other types of infrastructure, the roads infrastructure requires a proper procurement process. The research shows that prices presented in public bids are lower than those expected by contracting authorities. Public owners are restricted to the public bidding procedures, especially the provision to use low bid price in the Public Procurement Act. Often a public owner has concerns about the contractor bidding with the lowest sum. Contractors are repeatedly requested to explain the reasons for their low price. This leads to time extension of the bid process. The lack of contracts for construction work and an additional competitive concern to win out in the bid process may be the reason for low prices. An incorrect calculation of the estimated contract price by the contracting authority itself could be another reason. The cost analysis of two sections of highway clearly showed incorrect cost estimates by the relevant contracting authority. The difference was primarily due to significantly lower rates of indirect costs and profit, rebates granted when buying building materials, and lower cost of plant. The author summarizes the possible causes of the incorrect estimates of expected value and at the same time proposes methods to achieve better estimates for the contract price. The public sector may use the results of this study to identify the ineffectiveness of procurement in the area of infrastructure projects in the Czech Republic. The proposed procedures should improve the efficiency of procurement and provide better cost estimates by the public agencies.

This study examines the strategic use of life cycle cost analyses (LCCAs) in the management and conservation of heritage sites, emphasizing the need for comprehensive financial planning. With an increasing number of heritage sites showing signs of deterioration, our aim was to improve the sustainability and effectiveness of restoration practices. We used dynamic life cycle costing methods and developed the MONUREV software V2 to simulate different restoration scenarios, providing accurate, data-driven projections for maintaining structural, functional and aesthetic integrity. The field research involved testing these methods through case studies of heritage buildings in the Czech Republic, focusing on holistic cost management from initial analysis to practical application. The results showed that LCC analysis can significantly assist in making informed decisions, balancing economic and cultural values, and ensuring long-term conservation outcomes. This study concludes that the integration of a detailed LCC analysis into heritage conservation strategies represents a methodological advance that can significantly improve the economic and operational planning of the maintenance of heritage buildings, thereby ensuring their preservation for future generations.

The purpose of this paper is to highlight the role of life cycle costing in the preparation phase of public construction projects. Life cycle costing is a method of economic analysis directed at all costs related to constructing, operating, and maintaining a construction project over a defined period of time. In the early phase of construction projects, an enormous benefit in life cycle costing can be achieved. The commonly used construction cost minimization approach should be substituted for life cycle cost optimization. In order to gain the maximum value for money, all costs incurred over the whole life span must be estimated. The optimization of the life cycle costs of a construction project is essential for a complex decision making process. All taken into consideration, the solution with the minimum value of life cycle costs can be chosen. Public investors are required to meet the objectives of sustainable building, and as a group they face limited financial resources and frequently a very strict institutional framework including procurement procedures. The quantification of life cycle costs, when deciding on a construction project, is required by the public sector in the Czech Republic. In addition, the estimated amount of life cycle costs has become a criterion in public tenders. The paper summarizes experience in building design valuation in terms of these life cycle costs.

Cultural heritage monuments are, to a large extent, public goods of collective consumption, and their preservation is in the public interest of the society as a whole. The benefits arising from the owner's investment and resulting from the existence and the use of a cultural heritage monument are usually not ``consumed'' solely by the owner, but, to a greater or lesser extent, by the whole society or a particular group. In the case of the renovation and remediation of cultural heritage buildings, the life-cycle costs are determined in the operational phase, before the intended renovation or remediation. They should be used to select an economically sustainable solution, with the maximum potential to preserve the cultural and historical value. The paper presents the application designed for the elaboration of plans for the renovation and remediation of cultural heritage monuments, developed in the form of a web interface. The application processes data at the level of individual structural elements. For faster and more comfortable users' work, a database of type objects is used, which combines primary data from the level of structural elements.