Standardized Method of Life Cycle Costing for Construction Procurement brings together ISO 15686-5 and the BCIS Standard Form of Cost Analysis (SFCA) along with industry recognized occupancy cost codes. It provides:

• A standardized method of life cycle costing, applicable to the UK construction industry and to the key stages of the procurement process.
• An industry accepted methodology to facilitate a more accurate, consistent and robust application of life cycle costing estimation and option appraisals.
• A more effective and robust basis for life cycle cost analysis and benchmarking.
• Practical guidance, instructions and definitions, together with informative worked examples on how to undertake life cycle costing for construction.
• Process maps to help you to plan, generate, interpret and present your results for a variety of different purposes and levels of life cycle cost planning.
• Instructions on how to define your client's specific requirements for life cycle costing along with the required outputs and forms of reporting, and help you to decide which method of economic evaluation to apply.

It will also help eliminate confusion over scoping and terminology and address concerns over the uncertainty and risks that are undermining confidence in life cycle costs used for construction procurement.

Published in conjunction with the BSi, this publication is based on the SFCA elements and extends the data structure to cover maintenance, operation, occupancy and end of life costs as well as capital costs.

Joe Martin BCIS Executive Director says, 'The new data structure for LCC contained within the UK SMLCC complements the BCIS Standard Form of Cost Analysis (SFCA) to provide a common basis for developing and reporting Life Cycle Cost plans alongside capital cost plans. This will make the process of Life Cycle Cost planning easier, facilitate the assessment of investments in sustainability and provide a significant improvement in the service available to clients.'

A4 paperback, circa 104pp
ISBN: 978 0 580 62662 3

Price: £50

Publication date: June 2008

Orders can be placed online or by calling T +44 (0)870 333 1600 (select option 2 for BCIS sales). Please quote item code 17474 when ordering by phone.

Related publication

Standard Form of Cost Analysis: Principles, Instructions and Definitions - NEW EDITION
Published April 2008, Price £55.