Life cycle costing

Published April 2016
Effective from 1 July 2016

This guidance note summarises what is meant by a life cycle costing and whole life costing service for both new construction works and for the refurbishment of existing assets.

Covered in this guidance note:
- standards and definitions
- essentials of life cycle costing
- worked examples.

This is part of the RICS QS and construction standards (the 'Black Book').