If you are an ASTM Compass Subscriber and this document is part of your subscription, you can access it for free at ASTM Compass
    ASTM E917 - 17e1

    Standard Practice for Measuring Life-Cycle Costs of Buildings and Building Systems

    Active Standard ASTM E917 | Developed by Subcommittee: E06.81

    Book of Standards Volume: 04.11

      Format Pages Price  
    PDF 23 $75.00   ADD TO CART
    Hardcopy (shipping and handling) 23 $75.00   ADD TO CART

    Significance 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.

    1.5 This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.

    2. Referenced Documents (purchase separately) The documents listed below are referenced within the subject standard but are not provided as part of the 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 Projects, Products, and Processes

    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

    ICS Code

    ICS Number Code 91.010.20 (Contractual aspects)

    Referencing This Standard
    Link Here
    Link to Active (This link will always route to the current Active version of the standard.)

    DOI: 10.1520/E0917-17E01

    Citation Format

    ASTM E917-17e1, Standard Practice for Measuring Life-Cycle Costs of Buildings and Building Systems, ASTM International, West Conshohocken, PA, 2017, www.astm.org

    Back to Top