5. Cost estimation for building life cycle assessment

Cost estimation for building life cycle assessment involves evaluating the total expenses incurred over a building's entire life cycle, including construction, operation, maintenance, and end-of-life phases. It requires considering the initial construction costs, ongoing operational expenses, maintenance and renovation costs, and eventual demolition or deconstruction expenses. By conducting a comprehensive life cycle cost analysis, stakeholders can make well-informed decisions to optimize economic efficiency, sustainability, and long-term value in building projects.