Future value
Life Cycle Costing (BG 67/2016), written by David Churcher and Peter Tse and published by BSRIA in March 2016, defines future value as: ‘The value of a cost or benefit at some point in the future. For example, the cost of repairing a pump might be £500 in year 8 of the project. Note that this £500 is the same that this repair would cost today because in life cycle costing the effects of general inflation can be disregarded.’
--BSRIA
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