Life Cycle Costing Workshop

Life Cycle Costing (LCC) Workshop for Green Building Design

8:30 am – 4:00 pm, Wednesday, September 13, 2006
Workshop fees: $235 ($285 after September 4)


Impart skills necessary to apply the LCC methodology to the evaluation and analysis of investments in buildings, specifically in the field of Energy Efficiency and Green Buildings.

The training seminar includes three hands on exercise sessions to gain experience in using comprehensive financial tables provided and in applying the LCC technique to building systems and energy related problems (calculations are simple – participants require only standard calculators).

 Workshop Outline

  • Selection of Financial Criteria
  • LCC Financial Tables – Present Value Factors (SPV, UPV, SPV*, UPV*)
  • ASTM Building Economics Standards
  • Hands on Exercise A: Calculating Present Values
  • Data Requirements for Calculating Life Cycle Costs
  • Hands on Exercise B: Calculating Life Cycle Costs
  • Analytic measures to evaluate alternatives (NS, SIR, AIRR, DPB)
  • Hands on Exercise C: Supplementary Evaluation Measures
  • Sources of LCC data and software
  • Integrating LCC in the design process
  • “Financial Benefits of Green Buildings” Video

 Workshop materials:

  • A manual containing all slides, workshop problems and related appendices
  • Life Cycle Costing Financial Tables (165 pages) – the Adjusted Internal Rate of Return (AIRR) can readily be determined from tables instead of by trial and error

 Workshop Leader:

Robert P. Charette, P.E., CVS, is an associate adjunct professor at Concordia University in Montreal. Mr. Charette has lectured and presented seminars on Life Cycle Costing, Energy Management, Value Engineering, Elemental/Assemblies & Estimating for Design Management to various organizations and universities in the U.S. and Canada. He has provided sustained LCC training to various stakeholder groups within Harvard University.

He is a member and former secretary of the ASTM E06.81 Sub-Committee that developed building economics standards, and past co-chairman of their Task Group for the UNIFORMAT II Standard Classification of Building Elements, widely used for design estimates and schematic phase specifications. A past member of ASHRAE TC 1.8 on Owning and Operating Costs, he is also qualified as a Certified Value Specialist (CVS) by the Society of American Value Engineers (SAVE), and as a Professional Quantity Surveyor (PQS) by the Canadian Institute of Quantity Surveyors.