Life Cycle Costing - Introducing BS ISO 15686-5:2008

This conference from BSI British Standards, focusing on the new international standard for life cycle costing, offers guidance to significantly reduce the overall cost of construction projects, both in financial and environmental terms. The UK building industry recognizes that life cycle costing (LCC) is necessary and important. The Royal Institute of Chartered Surveyors (RICS) argues that twin challenges of a financial slowdown and increasing environmental considerations mean that calculating the true cost of a building and its all round sustainability are essential for industry. Confusion, however, exists about the best method to realise the economic and environmental benefits of such costing. The new British Standard BS ISO 15686-5:2008 Buildings and constructed assets. Service life planning. Life cycle costing and accompanying guidance Standardized method of life cycle costing for construction procurement provides an in-depth guide to this area of increasing importance. The new standard has been published after almost a decade of industry consultation and will have a major impact on construction procurement, particularly major investment and Private Finance Initiative and Public-Private Partnership projects. It is expected that the standard will have a direct impact on the design of new buildings as clients become more keen to reduce their life cycle costs. Following the publication of the first international standard for life cycle costing, BSI British Standards is holding a one day conference on this important topic. Life Cycle Costing - Introducing BS ISO 15686-5:2008 24 September 2008 Lewis Media Centre, London With the news that all future major public sector construction procurement must be based on whole life ‘value for money’, this conference will enable delegates to get to grips with the intricacies of life cycle costing. Delegates will have a chance to discuss issues surrounding LCC and to network with both suppliers and clients. The conference will examine: The latest Government procurement guidance Professional views on the benefits of life cycle costing A practical guide to using the new BSI ISO 15686-5:2008 Buildings and constructed assets . Service life planning. Life cycle costing and Standardized m ethod of life cycle costing for construction procurement The environmental impact of life cycle costing Client and consortia viewpoints. Those attending the conference will also receive a complimentary copy of BS ISO 15686-5:2008. Mike Low, Director BSI British Standards, says: "The publication of BS ISO 15686-5 is another clear indication of how standards can provide valuable tools to address key business issues. By developing a better understanding of life cycle costing through this standard, suppliers and clients will be able to understand far more about the total cost of ownership of buildings and other constructed assets." Anyone in the private or public sector wholly or partly responsible for LCC, or for whom it impacts on their role, including procurement and facilities managers, quantity surveyors, architects and engineers, building subcontractors, finance and operations directors and environmental and risk managers would benefit from attending this conference. For more information on speakers and programme visit the web site listed below.