CSCLCC - Life Cycle Costing for HVAC Systems

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Class Description

To meet the requirements of many design projects and to meet sustainable design objectives more than installation cost must be considered. System alternative decisions need to include the impact of all costs over the life of the building. In this short course participants will learn to apply accepted principles of Life Cycle Costing (LCC) as it applies to HVAC systems. HVAC designers, engineers, design/build contractors, construction manager's architects and building owners who must develop LCC studies or interpret the results will benefit from this course. The course covers common terms, the fundamental concepts required for analysis, a recommended procedure for analysis, where to find data and methodologies to use for decision-making. The course uses practical HVAC examples to demonstrate the process and a class project reinforces understanding of the skills learned. As part of the course, a spreadsheet analysis tool will be provided which makes solving basic problems easier and a complete computer based LCC analysis tool will be demonstrated.

Upon completion of this course, participants will be able to:

  • Demonstrate an understanding of common Life Cycle Cost terminology
  • Follow a LCC procedure that helps assure an analysis meets the stakeholders needs
  • Know where to find the input data for costs, study periods, interest rates and other cost / benefit components required for an analysis. Rules of thumb are provide on how to estimate data when it may not be available from normal sources
  • Properly use the 5 types of formula to account for the time value of money
  • Know when and how to use each of the 5 types of economic decision making tools, payback, annual cost, present worth life cycle cost, net savings and internal rate of return
  • Determine what type of alternative decision process needs to be made
  • Account for the impact on alternatives due to utility rate structures and fuel types
  • Properly evaluate inputs in light of public sector or private sector type analysis
  • Rank order competing projects to determine optimum funding using the SIR methods
  • Account for the impacts of inflation and cost escalation
  • Use the procedure and make a presentation, which demonstrates the best selection between several alternatives based on multiple efficiency levels and non-uniform equipment life
  • Show how to account for the impact of deprecation in an LCC study
  • Know how to account for non-economic factors in economic terms

A cumulative score of 70% is required to pass this course. The score is a combination of attendance, class participation, and a demonstration of skills and knowledge through quizzes and/or work sessions.

Suggested Prerequisites: NONE. A working knowledge of personal computers is recommended and students are encouraged to bring their own computers, but it is not required. A calculator is also required.

Length: 2 -Days
Cost: $600.00 U.S.
Authorized IACET Provider 1.5 CEUs

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Register for CSCLCC - Life Cycle Costing for HVAC Systems

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Class Location Start Date Class Length (Days) Register For Class
CSCLCC Syracuse, NY 11/16/11 2
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