Abstract: Overall cost is a significant consideration in any
decision-making process. Although many studies were carried out on
overall cost in construction, little has treated the uncertainties of real
life cycle development. On the basis of several case studies, a
feedback process was performed on the historical data of studied
buildings. This process enabled to identify some factors causing
uncertainty during the operational period. As a result, the research
proposes a new method for assessing the overall cost during a part of
the building-s life cycle taking account of the building actual value,
its end-of-life value and the influence of the identified life cycle
uncertainty factors. The findings are a step towards a higher level of
reliability in overall cost evaluation taking account of some usually
unexpected uncertainty factors.