Aye, L; Bamford, N; Charters, B and Robinson, J (1999) Environmentally sustainable development: A life cycle costing approach for a commercial office building in Melbourne, Australia. In: Hughes, W (ed.) Proceedings of 15th Annual ARCOM Conference, 15-17 September 1999, Liverpool, UK.
Abstract
A range of property and construction options is analysed using standard life cycle costing methodology. The options are to renovate the existing building, buy an alternative building and renovate and buy a development site and construct a new building. The do nothing option and a hypothetical option to construct a new building on an ideal site are analysed as benchmarks. Life cycle costing principles are discussed in particular where assessment difficulties are caused as a result of market pricing and taxation related to energy tariffs, greenhouse gas emissions, tax deductibility and depreciation allowances. The results show that the optimum option is to buy a suitable site and construct a new building and that the least sustainable option, in the case study, is to stay in the existing property and renovate the building. Although staying in the existing building and doing nothing is the lowest financial cost, the energy and greenhouse emissions are significantly worse than the alternative options.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | building accommodation options; energy; greenhouse gas; life cycle cost |
| Index terms: | taxation, option, greenhouse gas, costing, greenhouse gas emission, methodology, Australia, life cycle cost, commercial office, sustainable development, life cycle, case study, pricing |
| Subjects: | policy economics, Geography, health safety and environment, research methods, accounting and finance, environmental health, decision analysis, climate science, value management, data collection methods, construction type, economic analysis |
| Topics: | Risk Management, Regulations & Compliance, Sustainability, Construction Technology, Health and Safety, Cost Management, Business Strategy, Project Management, Geographical Context, Research Practice |
| Descriptive scope: | 4 PCTE |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here