Cost comparative analysis of a new green building code for residential project development

Kim, J L; Greene, M and Kim, S (2014) Cost comparative analysis of a new green building code for residential project development. Journal of Construction Engineering and Management, 140(5): 05014002, ISSN 0733-9364

Abstract

This paper presents a comprehensive cost comparative analysis for the impact of the new Green Building Code on residential project development from project management perspectives. As the demand for new residential housing is gradually increasing from the long recession, residential project management is vital for project owners making decisions concerning the investment of new green building features, such as energy-efficient appliances, equipment, and lighting. The analysis results show that the incorporation of such green systems causes the construction costs to increase by 10.77% more than the traditional building, whereas the amount of working days only increases by two days. The findings can be used as a guide for project owners to make decisions concerning their monetary initial investments while benefiting from energy cost savings over the life cycle of the building.

Item Type: Article
Uncontrolled Keywords: comparative studies; construction costs; energy; green buildings; project management; project planning and design; residential buildings
Index terms: project planning, green building, residential project, energy-efficient appliance, residential housing, comparative analysis, energy cost, project management, traditional building, comparative study, savings, construction cost, owner, life cycle, residential building, recession
Subjects: energy systems, data analysis and analytics, economic analysis, financial and cost management, control systems, value management, construction type, research design and methodology, cost management, sociology, project management theory and practice, economic development, design practice
Topics: Design Practice, Urban Studies, Research Practice, Project Management, Business Strategy, Cost Management, Construction Technology, Sustainability, Stakeholder Management
Descriptive scope: 3 PCA

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