Life Cycle Costing Within Infrastructure Projects

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21110%2F16%3A00302456" target="_blank" >RIV/68407700:21110/16:00302456 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Life Cycle Costing Within Infrastructure Projects

Original language description

Highways and roads are an important part of every country public assets, allowing movement between communities. As well as other types of infrastructure, roads infrastructure requires a proper procurement process. The purpose of this paper is to highlight the role of the life cycle cost criterion in deciding on the proposals of roads infrastructure projects. Public owners commonly use construction cost minimization. In order to achieve the maximum value for money all costs incurred over the whole life span must be evaluated. The optimization of the life-cycle cost of a project is essential for a complex decision-making process. Then, the solution with the minimum value of the life-cycle cost can be chosen. Life cycle costing (LCC) is a method of economic analysing of all costs related to constructing, operating, and maintaining a construction project over a defined period of time. Having the costs and savings public owner can then directly compared these areas and be fully informed when decisions are made. The greatest benefit of life cycle costing can be obtained in the initiation phase of construction projects. The paper presents the most frequently used methods of cost calculating. The paper also clarifies the necessary data and a suitable process of life cycle costing is proposed. The public sector may use the results of study to identify the ineffectiveness of procurement in the area of infrastructure projects in the Czech Republic. The proposed procedures should improve the efficiency of procurement and provide better decisions by the public agency.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

JM - Structural engineering

OECD FORD branch

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Project

<a href="/en/project/TE01020168" target="_blank" >TE01020168: Centre for Effective and Sustainable Transport Infrastructure (CESTI)</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Central Europe towards Sustainable Building 2016 - Innovations for Sustainable Future

ISBN

978-80-271-0248-8

ISSN

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e-ISSN

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Number of pages

8

Pages from-to

1468-1475

Publisher name

GRADA PUBLISHING

Place of publication

Praha

Event location

Prague

Event date

Jun 22, 2016

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

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