Whole life costing: towards a sustainable built environment

Ing Liang Wong

Whole life costing: towards a sustainable built environment

Research output: Contribution to conference › Paper

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

Keywords

whole life costing
built environment
sustainability

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title = "Whole life costing: towards a sustainable built environment",

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.",

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note = "<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>",

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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.

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