Life Cycle Costing

Life Cycle Costing & the RIBA Plan of Work

What is Life Cycle Costing?

Life Cycle Costing (LCC), carbon and environmental impact are increasingly important considerations for building owners and designers. Stroma Built Environment has deployed the latest analytical tools to help its clients make the most informed choices possible with regard to minimising whole life cost and environmental impact.






Life Cycle Costing – Why choose Stroma Built Environment?

Stroma Built Environment has a team of qualified in-house assessors. We are experienced in carrying out a full range of LCC, including both elemental and component LCC, across a variety of building types and industries. With nationwide coverage and support, our assessments are carried out in line with the ‘Standardised Method of Life Cycle Costing for Construction Procurement’ PD 156865:2008.

Using IMPACT-compliant software, Stroma Built Environment is able to provide LCC and life cycle environmental impact analyses. This can be built up from the client’s capital cost plan or developed from first principles. We use IES-VE software in conjunction with BRE’s building component database. The approach is in line with BS EN 15978 2011 Assessment of environmental performance of buildings.







Explaining Life Cycle Costing

LCC is a methodology which allows the design team to predict and assess the cost performance of a built property throughout its life cycle. It enables the developer to determine the lowest overall cost of ownership whilst maintaining a building’s quality and function.

Implementing LCC methodology at an early stage to assess the costs and performance of a development’s life cycle can help you to maximise the outcome and ensure opportunities to positively influence the project can be taken.

It can provide a high level of strategic information which allows the design team to make informed and conscious decisions on capital investment. LCC is also able to demonstrate how decreasing capital costs may not save money in the long term by drawing comparisons between capital cost and maintenance cost.





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LCC within BREEAM

LCC is worth four valuable credits under the MAN02 section of BREEAM New Construction 2014. Two credits are available for elemental LCC and include the service life, maintenance and operation cost estimates. This is carried out at the equivalent of RIBA Stage 2 (Concept Design). The third credit is for component level LCC analysis, carried out at RIBA Stage 4, and covers the building envelope, services and finishes. There is also a fourth credit for capital cost reporting.

Following the completion of the LCC assessment by one of our qualified assessors, a meeting will be arranged to discuss the results and potential changes. A BREEAM compliant report will be provided at completion.

The LCC covers:


Capital costs

Parameters for present-value analysis

Life Cycle Cost calculation

Evaluation criteria

Application

Relevant codes and standards




Request a quote for Life Cycle Costing

Get in touch with our expert team to discuss your requirements for LCC to help you make informed decisions about your upcoming projects and to help you achieve additional BREEAM credits.





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