High performance fiber reinforced cement composites have better performances than traditional cement based materials, therefore, have been expected as new construction applications such as the materials for construction & bridge structure, repair and rehabilitation applications, anti-collapse applications, anti-noise applications etc. However, they have lots of the problems such as material design, fabrication method and structural analysis. Also, the most serious problems of High performance fiber reinforced cement composites have been expensive initial cost, lack of long-term exposure data. As a result, it is needed that the efforts for lowering the initial cost and accumulation of long-term exposure. There has been hardly assessment results of life cycle cost for HPFRCC in construction field, but some papers showed that total life cycle cost could be profitable if the initial cost could be reduced.