Facility life cycle cost model
State law requires the Office of Financial Management (OFM) to establish, deploy and maintain the state’s life cycle cost model for conducting analysis of various facilities' solutions, including ownership and leasing. It also requires OFM to establish policies, standards and procedures related to this model.
The intent of the life cycle cost model is to provide comparable economic information for decision makers to consider when choosing among facility alternatives. Life cycle cost analysis is a projection of initial and on-going costs of ownership or leasing and operations for a facility or site over its useful life. It is usually one of many factors considered when making a decision to proceed with a facilities project. Other factors often include the business need, availability of funding, schedule constraints, jurisdictional and community interests.
Life Cycle Cost Model tools and instructions
Life cycle cost analysis can be detailed and complex. The Life Cycle Cost Model (LCCM) was created to provide a simplified tool to help decide the most economical option for housing state functions. Below are links to the model and associated documents.
- Life Cycle Cost Model 2020
- Life Cycle Cost Model Instructions
- Quick Start Guide
- Life Cycle Cost Model Assumptions
- Sample Life Cycle Cost Model
Recent LCCA results
- LCCA - DEL Thurston County
- LCCA - DOC Lacey
- LCCA - DOT - ECY Shoreline
- LCCA - DOT Kitsap County
- LCCA - DSHS - ES Seattle
- LCCA - DSHS Kennewick
- LCCA - L&I - AGR Thurston County Lab
- LCCA - UTC Relocation
- LCCA - WSP Thurston County
