Abstract
Whole life costing (WLC) is a technique used to examine the direct and indirect costs of a constructed asset. Despite having been widely practised in other industries, its importance in the construction industry has been long overlooked. The barriers which prevent WLC being implemented by the construction industry include insufficient knowledge of implementing WLC, the unavailability of reliable cost and time related data and the inconsistencies in the underlying methodology for WLC. Only recently, increased concern over climate change and economic crisis has led to the recognition of the importance of making right decisions in the construction industry.
| Original language | English |
|---|---|
| Publication status | Published - 1 Jan 2010 |
Fingerprint
Keywords
- whole life costing
- built environment
- sustainability
Cite this
}
Whole life costing: towards a sustainable built environment. / Wong, Ing Liang.
2010.Research output: Contribution to conference › Paper
TY - CONF
T1 - Whole life costing: towards a sustainable built environment
AU - Wong, Ing Liang
N1 - <p>Paper presented at 5th International Conference on Responsive Manufacturing (ICRM 2010), Ningbo, China, 11-13 January 2010. Conference website: <a href="http://www.rmgn.org/icrm2010folder/index.html">http://www.rmgn.org/icrm2010folder/index.html</a></p>
PY - 2010/1/1
Y1 - 2010/1/1
N2 - Whole life costing (WLC) is a technique used to examine the direct and indirect costs of a constructed asset. Despite having been widely practised in other industries, its importance in the construction industry has been long overlooked. The barriers which prevent WLC being implemented by the construction industry include insufficient knowledge of implementing WLC, the unavailability of reliable cost and time related data and the inconsistencies in the underlying methodology for WLC. Only recently, increased concern over climate change and economic crisis has led to the recognition of the importance of making right decisions in the construction industry.
AB - Whole life costing (WLC) is a technique used to examine the direct and indirect costs of a constructed asset. Despite having been widely practised in other industries, its importance in the construction industry has been long overlooked. The barriers which prevent WLC being implemented by the construction industry include insufficient knowledge of implementing WLC, the unavailability of reliable cost and time related data and the inconsistencies in the underlying methodology for WLC. Only recently, increased concern over climate change and economic crisis has led to the recognition of the importance of making right decisions in the construction industry.
KW - whole life costing
KW - built environment
KW - sustainability
M3 - Paper
ER -