Last edited 27 Jan 2023

End of life costs

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 end of life costs as: ‘The net costs or fees for disposing of an asset at the end of its service life after deducting the salvage value and other income due to disposal, including costs resulting from disposal inspection, decommissioning and decontamination, demolition and reclamation, reinstatement, asset transfer obligations, recycling, recovery, disposal of components and materials, and transport and regulatory costs.’

[edit] Related articles on Designing Buildings

Comments

[edit] To make a comment about this article, or to suggest changes, click 'Add a comment' above. Separate your comments from any existing comments by inserting a horizontal line.


Designing Buildings Anywhere

Get the Firefox add-on to access 20,000 definitions direct from any website

Find out more Accept cookies and
don't show me this again