Common Date
ICMS: Global Consistency in Presenting Construction Life Cycle Costs and Carbon Emissions, 3rd edition, November 2021, published by the ICMS (International Cost Management Standard) Coalition, defines the common date as: ‘The date to be used in conjunction with Life Cycle Costing, being a date not earlier than the completion of construction. All future cash flows occurring at different times are discounted or compounded as if the costs are incurred at that date.’
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