Sustainability of construction works - Assessment of buildings - Part 4: Framework for the assessment of economic performance
This European Standard forms one part of a series of European Standards for the assessment of buildings and provides specific principles and requirements for the assessment of economic performance of buildings taking into account technical characteristics and functionality of a building. Assessment of economical performance is one aspect of sustainability assessment of buildings under the general framework of EN 15643-1.
The framework applies to all types of buildings and it is relevant for the assessment of the economic performance of new buildings over their life cycle, and of existing buildings over their remaining service life and end of life stage.
The economic performance assessment of a building addresses the life cycle costs and other economic aspects, all expressed through quantitative indicators. It excludes the economic risk assessment of a building and return on investment calculations.
It includes economic aspects of a building relating to the built environment within the area of the building site, it does not include economic aspects beyond the area of the building site, e.g. such as economic impacts of construction of local infrastructure or economic impacts resulting from transportation of the users of the building or economic impacts of a construction project on local community.
The standards developed under this framework do not set the rules for how the different assessment methodologies may provide valuation methods nor do they prescribe levels, classes or benchmarks for measuring performance.
NOTE Valuation methods, levels, classes or benchmarks may be prescribed in the requirements for economic performance in the client’s brief, building regulations, national standards, national codes of practice, building assessment and certification schemes, etc.