• ASTM E 917 : 2017 : EDT 1

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    Standard Practice for Measuring Life-Cycle Costs of Buildings and Building Systems

    Available format(s):  Hardcopy, PDF

    Language(s):  English

    Published date:  05-01-2020

    Publisher:  American Society for Testing and Materials

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    1.1This 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.

    1.2The 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.

    1.3The 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.

    1.4The values stated in inch-pound units are to be regarded as standard. The values given in parentheses are mathematical conversions to SI units that are provided for information only and are not considered standard.

    1.5This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.

    General Product Information - (Show below) - (Hide below)

    Committee E 06
    Document Type Standard Practice
    Product Note ε1NOTE—Adjunct information in2.2was updated editorially in May 2020.<br>
    Publisher American Society for Testing and Materials
    Status Current

    Standards Referencing This Book - (Show below) - (Hide below)

    ASTM E 1074 : 2015 : R2020 : EDT 1 Standard Practice for Measuring Net Benefits and Net Savings for Investments in Buildings and Building Systems
    ASTM E 1057 : 2015 : R2020 : EDT 1 Standard Practice for Measuring Internal Rate of Return and Adjusted Internal Rate of Return for Investments in Buildings and Building Systems
    ASTM E 833 : 2014 Standard Terminology of Building Economics
    ASTM E 1369 : 2015 : R2020 : EDT 1 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
    ASTM E 833 : 2014 : R2021 Standard Terminology of Building Economics
    ASTM E 1946 : 1998 Standard Practice for Measuring Cost Risk of Buildings and Building Systems
    ASTM E 1765 : 2016 : EDT 1 Standard Practice for Applying Analytical Hierarchy Process (AHP) to Multiattribute Decision Analysis of Investments Related to Projects, Products, and Processes
    ASTM E 2204 : 2015 : R2020 : EDT 1 Standard Guide for Summarizing the Economic Impacts of Building-Related Projects
    ASTM E 1121 : 2015 : R2020 : EDT 1 Standard Practice for Measuring Payback for Investments in Buildings and Building Systems
    ASTM E 1369 : 1998 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
    ASTM E 1765 : 2016 Standard Practice for Applying Analytical Hierarchy Process (AHP) to Multiattribute Decision Analysis of Investments Related to Projects, Products, and Processes
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