BS ISO 15686-5:2017 Buildings and constructed assets - Service-life planning. Part 5: Life-cycle costing

BS ISO 15686-5:2017

Buildings and constructed assets. Service life planning. Life-cycle costing

Status : Current   Published : August 2017



What is this standard about?

It covers the basic principles and processes of life cycle costing for buildings and other constructed assets. 

Who is this standard for?

  • Procurers of constructed assets with an interest in long-term ownership. These may be public or private, or lessees with a reasonably long period of interest in the property and/or responsibility for maintenance and/or operational costs
  • Designers 
  • Constructors and their specialist suppliers of materials and components
  • Facility operators (to help them input more effectively into the design process)
  • Cost consultants and other specialists
  • Local authorities and central government- Universities’ estate management 
  • Banks
  • Contractors
  • Construction consulting engineers 

Why should you use this standard?

Because it:

  • Covers the basic principles and processes of life-cycle costing
  • Defines terms and indicates how costing should be used in long term planning
  • Provides guidance on when to do life-cycle costing
  • Provides a benchmark that allows projects to be directly compared around the globe
  • Helps improve decision making and project evaluation at any stage
  • Clarifies the difference between life-cycle and whole-life costing
  • Improves confidence in life-cycle costing
  • Unlocks the real value of life-cycle costing and enables its wide use in the construction industry

What’s changed since the last update?

Several clauses have been technically revised to distinguish normative from guidance text, and Annexes C and D have been technically revised to make them clearer. The bibliography has been updated.

Standard NumberBS ISO 15686-5:2017
TitleBuildings and constructed assets. Service life planning. Life-cycle costing
Publication Date31 August 2017
Normative References(Required to achieve compliance to this standard)ISO 6707-1:2014, ISO Guide 73:2009, ISO/TR 15686-11:2014
Informative References(Provided for Information)AS/NZS 4536, NS 3454:2013, SIA 480-2016, ISO 31000:2009, ASTM E917 - 15, ISO 14040:2006, ISO 15686-2:2012, ASTM E1185 - 07e1, ISO 21930:2017, ISO 15686-1:2011, ISO 14044:2006, ISO 21931-1:2010, ISO 14001:2015, ISO 15686-3:2002, ISO 15686-8:2008, ISO 15686-7:2017, ISO 14064-1:2006, IEC 31010:2009
ReplacesBS ISO 15686-5:2008
International RelationshipsISO 15686-5:2017
Draft Superseded By14/30263822 DC
DescriptorsCost accounting, Mathematical calculations, Planning, Costs, Maintenance, Life cycle, Purchasing, Design, Life (durability), Buildings, Construction systems, Building maintenance, Forecasting, Construction works
Title in FrenchBâtiments et biens immobiliers construits. Prévision de la durée de vie Approche en coût global
ISBN978 0 580 79066 9
File Size1.929 MB

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