• Life cycle costing
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Life cycle costing

Whole life costing sees beyond lowest first cost taking into account running costs, energy, maintenance and replacementBSRIA provides consultancy to help clients, design consultants, contractors and manufacturers apply life cycle costing analysis for their specific projects or bid proposals. This consultancy can be applied in a number of ways:

• define a methodology for the team to follow
• develop the life cycle costing models
• build and run the models using data supplied by the project team

This consultancy service benefits from BSRIA's independence. For clients it means that our advice is not influenced by the desire to promote a particular technical solution or product. For project teams, BSRIA is in a position to challenge the written and unwritten assumptions in the brief, the technical solutions and the detailed design.

Life cycle costing can be linked to other forms of assessment for prospective projects or alternative designs, such as BREEAM assessments and business-focused maintenance advice.

BSRIA also runs a 2-day Life cycle costing theory and practice training course and has published a Guide to whole life costing analysis.