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Description of ASTM-E917 2013ASTM E917 - 13Standard Practice for Measuring Life-Cycle Costs of Buildings and Building SystemsActive Standard ASTM E917 | Developed by Subcommittee: E06.81 Book of Standards Volume: 04.11 ASTM E917Significance and Use 5.1 LCC analysis is an economic method for evaluating a project or project alternatives over a designated study period. The method entails computing the LCC for alternative building designs or system specifications having the same purpose and then comparing them to determine which has the lowest LCC over the study period. 5.2 The LCC method is particularly suitable for determining whether the higher initial cost of a building or building system is economically justified by reductions in future costs (for example, operating, maintenance, repair, or replacement costs) when compared with an alternative that has a lower initial cost but higher future costs. If a building design or system specification has both a lower initial cost and lower future costs relative to an alternative, an LCC analysis is not needed to show that the former is the economically preferable choice. 5.3 If an investment project is not essential to the building operation (for example, replacement of existing single-pane windows with new double-pane windows), the project must be compared against the do nothing alternative (that is, keeping the single pane windows) in order to determine if it is cost effective. Typically the do nothing alternative entails no initial investment cost but has higher future costs than the proposed project. 1. Scope 1.1 This practice establishes a procedure for evaluating the life-cycle cost (LCC) of a building or building system and comparing the LCCs of alternative building designs or systems that satisfy the same functional requirements. 1.2 The LCC method measures, in present-value or annual-value terms, the sum of all relevant costs associated with owning and operating a building or building system over a specified time period. 1.3 The basic premise of the LCC method is that to an investor or decision maker all costs arising from an investment decision are potentially important to that decision, including future as well as present costs. Applied to buildings or building systems, the LCC encompasses all relevant costs over a designated study period, including the costs of designing, purchasing/leasing, constructing/installing, operating, maintaining, repairing, replacing, and disposing of a particular building design or system. 1.4 The values stated in inch-pound units are to be regarded as standard. The values given in parentheses are mathematical conversions to SI units that are provided for information only and are not considered standard.
ASTM Standards E631 Terminology of Building Constructions E833 Terminology of Building Economics E964 Practice for Measuring Benefit-to-Cost and Savings-to-Investment Ratios for Buildings and Building Systems E1057 Practice for Measuring Internal Rate of Return and Adjusted Internal Rate of Return for Investments in Buildings and Building Systems E1074 Practice for Measuring Net Benefits and Net Savings for Investments in Buildings and Building Systems E1121 Practice for Measuring Payback for Investments in Buildings and Building Systems E1185 Guide for Selecting Economic Methods for Evaluating Investments in Buildings and Building Systems E1369 Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems E1765 Practice for Applying Analytical Hierarchy Process (AHP) to Multiattribute Decision Analysis of Investments Related to Buildings and Building Systems E1946 Practice for Measuring Cost Risk of Buildings and Building Systems and Other Constructed Projects E2204 Guide for Summarizing the Economic Impacts of Building-Related Projects Keywords building economics; building systems; cost analysis; engineering-economics; life-cycle costs; present-value analysis; ICS Code ICS Number Code 91.010.20 (Contractual aspects) DOI: 10.1520/E0917 ASTM International is a member of CrossRef. ASTM E917The following editions for this book are also available...
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