Life Cycle Costing in Construction
Introduction and UK Guidance to
BS ISO 15686-5

Is life cycle costing at the heart of your procurement and construction processes?

The British Standard BS ISO 15686-5:2008 Buildings and constructed assets. Service life planning. Life cycle costing and the additional Standardized method of life cycle costing for construction (SMLCC) provides an in-depth guide to life cycle costing, an area of increasing importance.

The UK building industry recognizes that life cycle costing (LCC) is necessary and important. But confusion exists about the best method to realise the economic and environmental benefits of such costing. With the news that all future major public sector construction procurement must be based on whole life ‘value for money’, this conference enabled the UK construction industry to get to grips with the intricacies of life cycle costing.

Conference registration fee included one complimentary hard copy of BS ISO 15686-5:2008 Buildings and constructed assets. Service life planning. Life cycle costing. 

Benefits of attending

• An in-depth look at the new BS ISO 15686-5:2008 and the SMLCC
• The latest Government procurement guidance
• Professional views on the benefits of life cycle costing
• The environmental impact of life cycle costing
• Client and consortia viewpoints
• Practical case studies on implementing BS ISO 15686-5:2008
• The chance to network with peers

PRINCIPAL SUPPORTING ORGANIZATIONS

SUPPORTING ORGANIZATIONS

CHAIR

Hywel Davies
Technical Director, CIBSE
Chair, BSI Committee B/500/3 

1. Keynote: Latest Government procurement guidance 

• The case for change 
• Whole-life value: from policy to practice  
• The affordability questions

Phil Heenan
Team Leader, Construction Policy and Standards,Office of Government Commerce

2. The BSI viewpoint

• Background to the standard and UK supplement
  - The consultation process
• Why use standards?
• Industry support

Shirley Bailey-Wood
Operations Director, BSI British Standards

3. An introduction to BS ISO 15686-5 and the UK supplement Standardized method of life cycle costing for construction procurement

• What the standard and supplement contain
• Why they are needed
• Standardized cost data structure (aligned to the BCIS standard form of cost analysis)
• Practical guidance on how to do LCC at key stages of the construction procurement process
• Helping to eliminate confusion over scoping and terminology and to address concerns over risks and uncertainty, in order to encourage wider industry application  

Andrew Green
Director, Faithful & Gould

4. Using the standardized method of life cycle costing

• Why the UK construction and property industry needs a standard
• The data structure
• Developing a life cycle cost plan
•  Reporting life cycle costs

Joe Martin
Executive Director, Building Cost Information Service (BCIS)

5. Putting a life cycle cost to environmental aspects

• The relationship between life cycle (environmental) assessment and life cycle costing – LCA versus LCC
• Recent history of how the LCC of environmental issues have been tackled
•  What next?

Mike Clift
Associate Director, BRE

6. Raising standards in construction

• Linking standards to performance measurement
• Developing a new generation of standards for construction

Peter Cunningham
Director, Constructing Excellence

7. Life cycle costing in Private Finance Initiatives (PFI) and Public Private Partnerships (PPP)

• Current LCC practice in PFI/PPP
• Key challenges and lesson learnt
•  How the standard will help

Ed Bartlett
Whole Life Cost Director, Balfour Beatty Capital

8. Public sector client viewpoint. Life cycle costings in defence estates  

• The Client's role in determining the brief and championing successful outcomes
• The importance of collaborative approaches in achieving life cycle benefits + the early input of suppliers
• The need for practical measures to ensure flexibility/adaptability over design lifetimes - long-life/loose-fit approaches to design
• Life Cycle as part of managing cost/risk without detriment to sustainability over designed lifetimes

Tony Whitehead
Head of Construction/Built Environment, Defence Estates

9. THE POLICY AND PRACTICE OF LIFE CYCLE COSTING IN HOUSING

• Cost of house building vs. the value it creates 
• Lessons from the Design for Manufacture £60k home competition 
• The investment culture of the forthcoming Homes and Communities Agency

Steve Carr
Director of Policy and Economics, English Partnerships  

All those for whom life cycle costing is wholly or partly their responsibility, or for whom it impacts on their role, including:

• Local authorities, regional development agencies and housing corporations
• Procurement managers
• Quantity surveyors
• Facilities managers
• Architects
• Engineers
• Building subcontractors
• Client advisors
• Finance and operations directors
• Environmental and risk managers
  

What did the press say?

Process Engineering

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.

LHC Network

BSI is holding a one day conference on 24 September 2008 at the Lewis Media Centre in London to provide further information on life cycle costing and the new British Standard BS ISO 15686-5:2008.

Building Talk

New conference from BSI British Standards focuses on the new international standard for life cycle costing and offers guidance to significantly reduce the overall cost of construction projects

Modern Building Services

Following the publication of the first international standard for life cycle costing (BS ISO 15686-5:2008), BSI British Standards is holding a one day conference on this important topic.

The Engineer

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.

International Masonry Society

Anyone involved in the construction industry should attend this one day conference from BSI British Standards for an in-depth look at the new BS ISO 15686-5 Buildings and constructed assets. Service life planning. Life cycle costing.

Process Engineering

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.

Building.co.uk

BSI British Standards' conference offers guidance on the new international standard for life cycle costing.