Elemental life cycle cost plan
BREEAM UK New Construction, Non-domestic Buildings (United Kingdom), Technical Manual, SD5078: BREEAM UK New Construction 2018 3.0, published by BRE Global Limited, defines life cycle cost (LCC) as:
‘The cost of an asset or its parts throughout its life cycle, while fulfilling the performance requirements; a methodology for systematic economic evaluation of life cycle costs over a period of analysis, as defined in the agreed scope.’
An elemental LCC plan is:
‘…commonly used for developing solutions at project level during options appraisals. Costs are normally at building elemental level on the entire asset. Information may be a mix of typical benchmark costs for key elements, comparative cost modelling or approximate estimates. It is expressed as cost per square metre of gross internal floor area (GIFA) and presented for elemental analysis, aligned to the level of capital cost plans.’
[edit] Related articles on Designing Buildings Wiki
- BRE articles.
- BREEAM Life cycle cost and service life planning.
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- Building Research Establishment.
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- Elemental cost plan.
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