Life Cycle Costing - Theory & Practice

Course summary
2 days
Full time
Corporate Training for Teams
Next available date: Online delivery option may be available - Please contact provider. - Online courses
Course Dates
United Kingdom
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Online courses
Online delivery option may be available - Please contact provider.  (English)

Course description

Life Cycle Costing - Theory & Practice

This is a two-day course taking Participants from the very basics of life cycle costing, through to advanced application of the technique in realistic situations. Life cycle costing (LCC) enables asset managers, project sponsors and delivery teams to evaluate the combined capital and operating costs of different ways of managing built assets and delivering construction projects.

Assets can range from entire estates down to specific systems and components and projects can range in size from small plant replacements, to major refurbishment and new-build works. But the same life cycle costing principles must be applied in each case. Thinking of projects in terms of TOTEX (total expenditure = CAPEX + OPEX) is important to know which solution to the brief is the most economic over the long term. Life cycle costing is one of the strategic priorities of the Government Construction Strategy 2016-2020 and LCC is part of the best-value assessment required by Treasury guidance.

Suitability - Who should attend?

Target Audience

This course is aimed at clients, facility managers, designers and contractors who need to calculate life cycle costs to help make better decisions regarding new-build projects, refurbishment projects and building maintenance. The course will help those commissioning life cycle cost studies to understand what their LCC consultants have reported back to them. The course will also help product manufacturers to calculate the life cycle costs of their products against generic competitor offerings.

Admission Requirements


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Our mission is to make buildings better, and we support industry in designing and operating buildings that perform well economically, socially, and environmentally. We do this through providing independent testing of products and buildings throughout the construction industry; the sale,...

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Old Bracknell Lane West
RG12 2AH Bracknell Berkshire

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