Roger Flanagan

This book de-mystifies whole life-cycle costing (WLCC) by engaging the reader in the theoretical aspects as well as the practice based issues. The editors have brought together contributions from the leading thinkers and practitioners in WLCC to present the current state of play and likely future directions in the pursuit of a more comprehensive approach to procurement evaluation from a whole life perspective. The book provides a state of the art understanding of the rapidly evolving theory of WLCC. It avoids the problem of many publications that labour the point of the importance of the process, as this is now clear to most with an interest in adopting the concept. Instead, it reinforces the rationale of WLCC within the ‘value for money’ mechanisms that are now an essential feature of public and private procurement systems. Whole Life-cycle Costing: research and practice includes contributions from academics and practitioners who report on the theories and current issues relating to WLCC in four main themes: theory and methodology in application; computational and mathematical aspects; economic theory; strategic whole life- cycle cost and risk management. The proposed structure offers a unique opportunity to consider latest thinking and developments in WLCC alongside the current procedures being adopted in practice.

Whole life appraisal entails a review not just of the capital costs of a project, but also the running and maintenance costs and is increasingly being required by clients seeking maximum value for money. This new book provides an introduction to the subject, discusses issues such as investment appraisal and life expectancy of components, and shows by means of case studies how to carry out a whole life appraisal.

Cost control and cost planning are an integral part of quantity surveying and construction management courses. This new book on building design uses programmed learning to demonstrate the ideas of cost control and cost planning, from first principles through practice. Worked examples are used throughout the concise and easily accessible text.

The construction industry is subject to more risk and uncertainty than perhaps any other industry. Yet, surprisingly, managerial techniques used to identify, analyse and respond to risk were not applied in the industry until the 80's. Existing texts deal with the theoretical concepts of risk and the techniques that identify and manage it. This book provides a set of tools that enable these management techniques to be put into practice in the construction industry.