Life Cycle Costing Within Infrastructure Projects

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Life Cycle Costing Within Infrastructure Projects

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Life Cycle Costing Within Infrastructure Projects

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

JM - Inženýrské stavitelství

OECD FORD obor

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Projekt

<a href="/cs/project/TE01020168" target="_blank" >TE01020168: Centrum pro efektivní a udržitelnou dopravní infrastrukturu (CESTI)</a><br>

Návaznosti

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

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

8

Strana od-do

1468-1475

Název nakladatele

GRADA PUBLISHING

Místo vydání

Praha

Místo konání akce

Prague

Datum konání akce

22. 6. 2016

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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