Life cycle cost analysis as an economic evaluation tool for sustanaible building. Sate of the art
DOI:
https://doi.org/10.3989/ic.12.119Keywords:
Life-cycle costing, evaluation, economic feasibility, sustainable public procurementAbstract
Life-Cycle Costing (LCC) applied to construction building is a tool used for the evaluation of different project options from the perspective of economic efficiency environmentally sustainable. This method is based on obtaining the present value of future costs and benefits linked with decisions of the building process. The LCC analysis represents a paradigm change. It opposes a long-term vision with the traditional approach of obtaining immediate returns with a minimal initial investment, ignoring their economic and environmental future effects. This paper reviews the implementation of the LCC methodology in a global context, analyzing the development process and criteria for the evaluation of results. It concludes with a critical study of the possibilities of adapting the method to the structure of the Spanish property market, suggesting their integration into a sustainable public procurement system.
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