Standardized Method of Life Cycle Costing for Construction Procurement

Please note:

To respond to some of the queries and to correct some errors they have now been updated and are available as a download (Annex_D).

The SMLCC also contained a proposed form for presenting life cycle costs (Annex_F) this is now available as a spreadsheet.

This publication brings together ISO 15686-5 and the BCIS Standard Form of Cost Analysis (SFCA) along with industry recognised occupancy cost codes, and will provide you with:

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.

A4 paperback, circa 104pp

Published: June 2008
ISBN: 978 0 580 62662 3

Product code: 17474

Publisher: BCIS

Stock level: In stock

Format: Paper Back