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Standard Practice for Life-Cycle Cost Analysis of Corrugated Metal Pipe Used for Culverts, Storm Sewers, and Other Buried Conduits
1.1 This practice covers a procedure for using life-cycle cost (LCC) analysis techniques to evaluate alternative drainage system designs using corrugated metal pipe that satisfies the same functional requirements.
1.2 The LCC technique measures the present value of all relevant costs of installing, operating, and maintaining alternative drainage systems, such as engineering, construction, maintenance, rehabilitation, or replacement, over a specified period of time. The practice also accommodates any remaining residual or salvage value.
1.3 Using the results of the LCC analysis, the decision maker can then identify the alternative(s) with the lowest estimated total cost based on the present value of all costs.
1.4 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety, health, and environmental practices and determine the applicability of regulatory limitations prior to use.
1.5 This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.
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