Publications / 2008 Proceedings of the 25th ISARC, Vilnius, Lituania
To support sustainability in the Construction and Real Estate Cluster - CREC, this paper describes the ongoing development towards Total LCC to cover not only the initial capital and direct future costs of a building or other constructed assets but also externalities and intangibles (occupational, locational, environmental and societal costs), as well as towards LCC with Probabilistics LCCP to replace deterministic (read: historic singular) values for costs and performance (read: service life) with a probabilistic approach.