ASTM E917-02

ASTM E917-02 - 10.10.2002

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.

2. Referenced Documents

E1057-15(2020)e1	Standard Practice for Measuring Internal Rate of Return and Adjusted Internal Rate of Return for Investments in Buildings and Building Systems (Includes all amendments and changes 5/6/2020).
E1074-15(2020)e1	Standard Practice for Measuring Net Benefits and Net Savings for Investments in Buildings and Building Systems (Includes all amendments and changes 5/6/2020).
E1121-15(2020)e1	Standard Practice for Measuring Payback for Investments in Buildings and Building Systems (Includes all amendments and changes 5/6/2020).
E833-14(2021)	Standard Terminology of Building Economics
E2204-15(2020)e1	Standard Guide for Summarizing the Economic Impacts of Building-Related Projects (Includes all amendments and changes 8/24/2023).
E964-15(2020)e1	Standard Practice for Measuring Benefit-to-Cost and Savings-to-Investment Ratios for Buildings and Building Systems (Includes all amendments and changes 5/6/2020).
E1765-16(2023)	Standard Practice for Applying Analytical Hierarchy Process (AHP) to Multiattribute Decision Analysis of Investments Related to Projects, Products, and Processes
E1369-15(2020)e1	Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems (Includes all amendments and changes 5/6/2020).
E631-15	Standard Terminology of Building Constructions
E1946-18(2023)	Standard Practice for Measuring Cost Risk of Buildings and Building Systems and Other Constructed Projects
E1185-15(2020)e1	Standard Guide for Selecting Economic Methods for Evaluating Investments in Buildings and Building Systems (Includes all amendments and changes 5/6/2020).