3.22 - Long-Term Cost Efficiency (Life Cycle Costing)
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions
What does life cycle costing take into account?
💡 Hint: Think about all expenses beyond just building costs.
What is one major advantage of using concrete?
💡 Hint: Recall how long concrete can last compared to other materials.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What does life cycle costing primarily focus on?
💡 Hint: Think about the entire lifespan, not just the beginning.
True or False: Concrete typically requires more maintenance than timber.
💡 Hint: Consider material properties and their long-term performance.
1 more question available
Challenge Problems
Push your limits with advanced challenges
Consider a project where a concrete structure has a projected lifespan of 50 years, incurring $1,000 for initial costs and $200 for maintenance every 10 years. Compare it with a timber structure costing $700 initially and $300 in maintenance every 10 years for the same period, and identify which offers a better life cycle cost.
💡 Hint: Calculate total costs over 50 years for both structures.
You are tasked with determining the optimal material for a new hospital considering not only the initial construction costs but the energy savings from lower operational demands over a 30-year time frame. Given specific costs and expected energy savings for concrete and steel, which would be the ideal choice?
💡 Hint: Factor in the energy efficiency provided by thermal mass in concrete.
Get performance evaluation
Reference links
Supplementary resources to enhance your learning experience.