- Author
-
Ruegg, R. T.
|
Petersen, S. R.
|
Marshall, H. E.
- Title
- Recommended Practice for Measuring Life-Cycle Costs of Buildings and Building Systems. Final Report.
- Coporate
- National Bureau of Standards, Washington, DC
- Report
-
NBSIR 80-2040,
June 1980,
- Distribution
- Available from National Technical Information Service
- Keywords
-
buildings; cost analysis; benefit cost analysis; construction costs; cost engineering; maintenance management; cash flow; computer programs; basic programming language
- Identifiers
- life cycle costs; TLCC computer program
- Abstract
- Rising prices of labor, material, and particularly energy have forced builders, architects, engineers, building owners and operators, and code writers to identify building designs and building systems that will be cost effective in the long run. This report describes how to measure the life-cycle costs of buildings and building systems. Life-cycle cost analysis, when applied to building decisions, provides an economic evaluation of the net dollar effect, over time, of purchasing, constructing/installing, maintaining, operating, repairing, and replacing buildings or building systems. This recommended practice for making life-cycle cost evaluations will assist the private and public building communities in making cost-effective decisions.