Life cycle costing as an important contribution to feasibility study in construction projects

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21110%2F17%3A00315945" target="_blank" >RIV/68407700:21110/17:00315945 - isvavai.cz</a>

Výsledek na webu

<a href="http://dx.doi.org/10.1016/j.proeng.2017.08.031" target="_blank" >http://dx.doi.org/10.1016/j.proeng.2017.08.031</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.proeng.2017.08.031" target="_blank" >10.1016/j.proeng.2017.08.031</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Life cycle costing as an important contribution to feasibility study in construction projects

Popis výsledku v původním jazyce

The purpose of this paper is to highlight the role of life cycle cost (LCC) analysis in the feasibility study of construction projects, especially in the public sector. Feasibility study is usually conducted in the early phase of construction projects when the greatest benefit of LCC can be obtained. The commonly used construction cost minimization approach should be replaced with LCC optimization. In order to achieve the maximum value for money, all costs incurred over the whole life span must be evaluated. Life cycle costing is a method of economic analysis directed at all costs related to constructing, operating, and maintaining a construction project over a defined period of time. The optimization of the LCC of a project, construction or equipment, is essential for the complex decision-making process. It is then at this point that the solution with the minimum value of LCC can be chosen. The public sector in the Czech Republic is now beginning to require quantification of LCC when deciding on construction. In addition, LCC has become a criterion in public tenders. This paper summarizes the experience of assessing building designs in terms of LCC. Not only public sector benefits are identified and summarized but also some significant difficulties. Case studies are provided.

Název v anglickém jazyce

Life cycle costing as an important contribution to feasibility study in construction projects

Popis výsledku anglicky

The purpose of this paper is to highlight the role of life cycle cost (LCC) analysis in the feasibility study of construction projects, especially in the public sector. Feasibility study is usually conducted in the early phase of construction projects when the greatest benefit of LCC can be obtained. The commonly used construction cost minimization approach should be replaced with LCC optimization. In order to achieve the maximum value for money, all costs incurred over the whole life span must be evaluated. Life cycle costing is a method of economic analysis directed at all costs related to constructing, operating, and maintaining a construction project over a defined period of time. The optimization of the LCC of a project, construction or equipment, is essential for the complex decision-making process. It is then at this point that the solution with the minimum value of LCC can be chosen. The public sector in the Czech Republic is now beginning to require quantification of LCC when deciding on construction. In addition, LCC has become a criterion in public tenders. This paper summarizes the experience of assessing building designs in terms of LCC. Not only public sector benefits are identified and summarized but also some significant difficulties. Case studies are provided.

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

20101 - Civil engineering

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2017

Kód důvěrnosti údajů

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

Název statě ve sborníku

Procedia Engineering

ISBN

—

ISSN

1877-7058

e-ISSN

1877-7058

Počet stran výsledku

6

Strana od-do

565-570

Název nakladatele

Elsevier B.V.

Místo vydání

Amsterdam

Místo konání akce

Primosten

Datum konání akce

19. 6. 2017

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000418465300075