End of life costs
ICMS: Global Consistency in Presenting Construction Life Cycle Costs and Carbon Emissions, 3rd edition, November 2021, published by the ICMS (International Cost Management Standard) Coalition, defines end of life costs as: ‘The net costs or fees for disposing of an asset at the end of its service life after deducting the salvage value and other income due to disposal, including costs resulting from disposal inspection, decommissioning and decontamination, demolition and reclamation, reinstatement, asset transfer obligations, recycling, recovery, disposal of components and materials, and transport and regulatory costs.’
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