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A standard for life

By: Language: English Series: QS News ; 24 February 2006, 15(1)Publication details: 2006Subject(s): Summary: Reports that BCIS has established a standard menu of Whole-Life Cycle Costs (WLCC), which aligns with the European Commission's Task Group 4's proposed cost data structure for Life Cycle Costing (LCC) in construction, which, if endorsed by ballot, will become the international standard later in 2006. Outlines the reasons for having a common standard, what it will address, and explains when WLCC and LCC should be used and for what purpose.

Reports that BCIS has established a standard menu of Whole-Life Cycle Costs (WLCC), which aligns with the European Commission's Task Group 4's proposed cost data structure for Life Cycle Costing (LCC) in construction, which, if endorsed by ballot, will become the international standard later in 2006. Outlines the reasons for having a common standard, what it will address, and explains when WLCC and LCC should be used and for what purpose.