Life Cycle Costing in Construction with One Click LCA software
Life Cycle Costing is the process of identifying and documenting all the costs involved over the life of an asset and is often used to better manage the costs of a building project or material throughout it’s life cycle. Why is Life Cycle Costing important? Lowest life cycle cost (LCC) is the most straightforward and easy-to-interpret measure of economic evaluation, and with the right scope, Life-Cycle Costing can also act as shaping force in the design phase. Building professionals, certified specialists, cost engineers, architects, quantity surveyors, operations researchers among others should use the LCC or several other economic impact assessment techniques to evaluate a project and better quantify the underlying values of design variants. The LCC approach thrives to make cost-effective choices for building related cost objects and investment projects.