| Overall Rating | Gold - expired |
|---|---|
| Overall Score | 74.63 |
| Liaison | Sam Lubow |
| Submission Date | July 30, 2014 |
| Executive Letter | Download |
Stanford University
OP-16: Life Cycle Cost Analysis
| Status | Score | Responsible Party |
|---|---|---|
|
1.00 / 1.00 |
Moira
Hafer Sustainability Specialist Office of Sustainability |
Does the the institution employ Life Cycle Cost Analysis (LCCA) as a matter of policy and practice when evaluating energy and water-using products and systems?:
Does the institution employ LCCA as a matter of policy and practice across the operations of the entire institution (i.e. all divisions)?:
A brief description of the LCCA policy(ies) and practice(s):
Stanford University has a long history of designing and constructing quality building projects. In continuing this tradition, Stanford seeks to ensure that new and renovated buildings meet student, staff, and faculty needs as effectively and efficiently as possible.To this end, Stanford's Department of Land, Buildings and Real Estate has developed a thorough Project Delivery Process (PDP) that addresses all aspects of planning, budgeting, design and construction.
Cost effectiveness is a key component of design at Stanford, and initial project costs are the focus of many activites in the PDP. The long term cost implications of building projects, however, range far beyond initial design and construction expenses.
To improve the cost-effectiveness of its building and renovation programs, Stanford must invest in designs and systems with improved long term performance. The Guidelines for Life Cycle Cost Analysis (LCCA) instruct Project Teams to consider not only the "first costs" of a building but also long term costs, including utilities, operations, and maintenance.
The full text of the guidelines can be found online here:
http://lbre.stanford.edu/sites/all/lbre-shared/files/docs_public/LCCA121405.pdf
LCCA reaches beyond the PDP at Stanford to sustainable purchasing broadly across all divisions of the university. For more information on LCCA and purchasing guidelines, please visit:
http://www.stanford.edu/group/fms/fingate/staff/buypaying/policy_notes/sustainable_purchase.html
The website URL where information about the institution’s LCCA policies and practices is available:
Data source(s) and notes about the submission:
The information presented here is self-reported. While AASHE staff review portions of all STARS reports and institutions are welcome to seek additional forms of review, the data in STARS reports are not verified by AASHE. If you believe any of this information is erroneous or inconsistent with credit criteria, please review the process for inquiring about the information reported by an institution or simply email your inquiry to stars@aashe.org.