life cycle costing 1st edition rics
PDF · 25 Feb 2025
RICS guidance note on Life Cycle Costing (LCC), 1st edition (April 2016), provides professional guidance for surveyors and construction professionals on carrying out LCC and whole life costing (WLC) for new-build and refurbishment projects. It explains principles (scope, base date, real vs nominal costs, discounting, metrics such as NPV and AEV), practical application across project stages (linked to the Digital Plan of Work), data sources, modelling considerations, reporting requirements, and related sustainability standards. Effective date and publishing details are stated (effective from 1 July 2016).
Questions this document answers
Effective from 1 July 2016
Kathryn Bourke MRICS (Whole Life Ltd)
ISBN 978 1 78321 136 4