Advancing life cycle economics in the Nordic countries

Advancing construction and facilities management requires the ability to estimate and evaluate the economic consequences of decisions in a lifetime perspective. A survey of state-of-the-art on life cycle economics in the Nordic countries showed that, despite a number of similarities, no strong convergence of i.a. methodologies has occurred. Thus, a Nordic network of researchers, practitioners and authorities was established along with national networks. Within these networks, similarities and differences in approaches were explored. Three conclusions were reached. First, it was suggested that the configuration of the roles as client, owner and user is indicative of a client's interest in life cycle economics. Second, a proposal for a common Nordic cost classification was put forward. Third, it was argued that there is a strong need to develop tools and methodologies to depict the cost/value ratio appropriately.