Period of analysis
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 the period of analysis as the: ‘Period of time over which Life Cycle Costs are analysed as determined by the Client. It may cover the entire life (physical, technical, economic, functional, social, or legal life) or a selected stage or stages or periods of interest as required by the Client.’
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