Life cycle costing

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 1st edition guidance note is effective from 1 July 2016.
This is part of the RICS QS and construction standards (the 'Black Book').