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ASTM-E917:2010 Edition(Redline)

ASTM-E917:2010 Edition(Redline)

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E917-05(2010) Standard Practice for Measuring Life-Cycle Costs of Buildings and Building Systems (Redline)

Published By Publication Date Number of Pages
ASTM 2010 21
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Significance and Use

LCC analysis is an economic method for evaluating a project or project alternatives over a designated study period. The method entails computing the LCC for alternative building designs or system specifications having the same purpose and then comparing them to determine which has the lowest LCC over the study period.

The LCC method is particularly suitable for determining whether the higher initial cost of a building or building system is economically justified by reductions in future costs (for example, operating, maintenance, repair, or replacement costs) when compared with an alternative that has a lower initial cost but higher future costs. If a building design or system specification has both a lower initial cost and lower future costs relative to an alternative, an LCC analysis is not needed to show that the former is the economically preferable choice.

If an investment project is not essential to the building operation (for example, replacement of existing single-pane windows with new double-pane windows), the project must be compared against the “ do nothing ” alternative (that is, keeping the single pane windows) in order to determine if it is cost effective. Typically the “ do nothing ” alternative entails no initial investment cost but has higher future costs than the proposed project.

1. Scope

1.1 This practice establishes a procedure for evaluating the life-cycle cost (LCC) of a building or building system and comparing the LCCs of alternative building designs or systems that satisfy the same functional requirements.

1.2 The LCC method measures, in present-value or annual-value terms, the sum of all relevant costs associated with owning and operating a building or building system over a specified time period.

1.3 The basic premise of the LCC method is that to an investor or decision maker all costs arising from an investment decision are potentially important to that decision, including future as well as present costs. Applied to buildings or building systems, the LCC encompasses all relevant costs over a designated study period, including the costs of designing, purchasing/leasing, constructing/installing, operating, maintaining, repairing, replacing, and disposing of a particular building design or system.

2. Referenced Documents (purchase separately) The documents listed below are referenced within the subject standard but are not provided as part of the standard.

ASTM Standards

E631 Terminology of Building Constructions E833 Terminology of Building Economics E964 Practice for Measuring Benefit-to-Cost and Savings-to-Investment Ratios for Buildings and Building Systems E1057 Practice for Measuring Internal Rate of Return and Adjusted Internal Rate of Return for Investments in Buildings and Building Systems E1074 Practice for Measuring Net Benefits and Net Savings for Investments in Buildings and Building Systems E1121 Practice for Measuring Payback for Investments in Buildings and Building Systems E1185 Guide for Selecting Economic Methods for Evaluating Investments in Buildings and Building Systems E1369 Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems E1765 Practice for Applying Analytical Hierarchy Process (AHP) to Multiattribute Decision Analysis of Investments Related to Buildings and Building Systems E1946 Practice for Measuring Cost Risk of Buildings and Building Systems and Other Constructed Projects E2204 Guide for Summarizing the Economic Impacts of Building-Related Projects

Keywords

building economics; building systems; cost analysis; engineering-economics; life-cycle costs; present-value analysis; Present value (PV) analysis; Building economics; Cost analysis (of building constructions); Engineering economics; Life-cycle cost (LCC) analysis ;

ICS Code

ICS Number Code 91.010.20 (Contractual aspects)

DOI: 10.1520/E0917-05R10 ASTM International is a member of CrossRef.

Citing ASTM Standards

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