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Training Courses

Construction Projects – Life Cycle Costing Calculations and Application

Being able to carry out life cycle costings enables project teams to demonstrate that they have considered the environmental and economic impacts of their decisions and chosen the best materials and products for the project.

Date:
Thu 7 Jun 2018
Time:
09:30 AM - 05:00 PM
Venue:
London, Venue, TBC
CPD:
6 hours CPD
From
£310 + VAT

Overview

This practical course will help you taking your knowledge of life cycle costing principles to the next level by explaining how to make accurate costing calculations and exploring the application of life cycle costing for cash flow predictions and option appraisal exercises.

By the end of the day, you will feel confident in your ability to undertake a life cycle costing project and demonstrate to clients and your company, the best approach to a project.

Course Structure

Building on your knowledge of the principles of life cycle costing, the day will take you through the main items that must be considered when setting up an LCC model, including how to deal with risk management and carrying out sensitivity analysis. You will have the opportunity to test the impact of changing key variables such as the period of analysis and discount rate through practical examples facilitated by the subject matter expert as well as linking these to the new RICS Component Life Cycle tool.

The session also covers the validation and interpretation of the results obtained from an LCC estimate and how these should be reported to the client.

Learning Objectives

  • Comprehend the application of LCC for cash flow predictions and option appraisal exercises
  • Identify what needs to be considered when applying LCC for tender appraisal exercises
  • Analyse the key variables comprising LCC calculations
  • Identify the main items to be considered when structuring LCC models as well as how to incorporate sensitivity

Who should attend

This course is particularly suited to practitioners such as Quantity Surveyor; Associate Quantity Surveyor, Project Surveyor, Cost Advisers, Engineers, Consultants as well as to Clients, Estate Managers, Property and Facility Managers who wants to get a deeper comprehension on the LCC tool and its application.

Price

  • RICS professionals £310 + VAT
  • Non-RICS professionals £399 + VAT
  • Visa

  • Mastercard

Have training delivered In-House

Call +44(0)24 7686 8584

Find out more about getting this course delivered in-house for your team, tailored to your business requirements and at a location to suit you.

Contact the In-House team

More locations available

If this course isn't running near you, register your interest and we will keep you updated next time it's occuring in your local area. When it's available, we'll email you with the course date, time and venue.

Register your interest

From
£310 + VAT
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