Life-cost approach to building evaluation

Addresses the fundamentals of life-cost studies in the built environment. It includes the time-value of money, discounted cash-flow analysis, differential price-level movement and affordability fluctuations. Contemporary issues such as occupancy costs, sustainability implications and value adding are also addressed.

Professor Craig Langston (MRICS, FAIQS, MAIB) holds the inaugural Chair of Construction Management at Deakin University and is Director of the Built Environment Research Group (BERG) in the School of Architecture and Building. After ten years working in the Sydney construction industry, and following a long career at the University of Technology Sydney, he joined Deakin University in 2002. He is the author of four internationally published books, and has an active research interest in construction productivity, sustainable development and whole-of-life cost planning.

Life-cost approach to building evaluation comprehensively addresses in a reader-friendly, accessible way the fundamentals of life-cost studies in the built environment. It includes the time-value of money, discounted cash-flow analysis, differential price-level movement and affordability fluctuations. Contemporary issues such as occupancy costs, sustainability implications and value adding are also addressed.

Replete with illustrations and examples, this innovative book provides a holistic approach to evaluation that integrates life-costing to broader social and environmental criteria.

Important features include:

• presentation materials to facilitate face-to-face and online learning
• review questions
• worked tutorial exercises, and
• example examination papers.