Common use of Life Cycle Cost Analysis Clause in Contracts

Life Cycle Cost Analysis. 3.3.1 At the time set forth in the Project Schedule, the A/E shall prepare and submit practical alternative design concepts, considering passive and/or active building components, for the purpose of minimizing future energy consumption, to the Owner and Contracting Authority. 3.3.1.1 The A/E shall estimate the annual energy consumption and associated energy costs of each alternative, analyze their impact on facility life-cycle costs and incorporate cost effective alternatives into the final design. 3.3.1.2 The A/E shall re-evaluate life cycle cost as additional alternatives are considered during the continuing design development to assure their cost effective implementation. 3.3.2 The A/E shall base the Schematic Design Documents on the Owner’s selected design concept. 3.3.3 If the Project constructs or renovates an area 5,000 square feet or more, the A/E shall submit a design to the Commission that incorporates a life cycle cost analysis that shall determine the reasonably expected costs of facility ownership, operation, maintenance, and disposal including labor and materials for the economic life of the facility.