Whole life costing: towards a sustainable built environment

    Research output: Contribution to conferencePaper

    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 languageEnglish
    Publication statusPublished - 1 Jan 2010

    Fingerprint

    Construction industry
    Climate change
    Costs
    Economics
    Industry

    Keywords

    • whole life costing
    • built environment
    • sustainability

    Cite this

    @conference{29605af7346d462d9bc23fe51d09f0ca,
    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.",
    keywords = "whole life costing, built environment, sustainability",
    author = "Wong, {Ing Liang}",
    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>",
    year = "2010",
    month = "1",
    day = "1",
    language = "English",

    }

    Whole life costing: towards a sustainable built environment. / Wong, Ing Liang.

    2010.

    Research output: Contribution to conferencePaper

    TY - CONF

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    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 -