Le, A T H; Domingo, N; Rasheed, E and Park, K S (2018) Building maintenance cost planning and estimating: A literature review. In: Gorse, C and Neilson, C J (eds.) Proceedings of 34th Annual ARCOM Conference, 3-5 September 2018, Queen’s University, Belfast, UK.
Abstract
Construction industry is orientated towards sustainable development by introducing advanced technologies, materials, and methods that will both reduce adverse impacts on the environment and use budget effectively. In terms of economic aspect of the sustainability, predicting maintenance cost accuracy in use phase plays a vital role in protecting facility investment in whole-life cost of buildings. Additionally, a better understanding of required maintenance funding will provide opportunities for cost-effective improvement in building performance when upgrading, replacing or refurbishing the buildings. There are different approaches to estimating maintenance costs such as value-based, formula-based, lifecycle-based and condition assessment. The formula-based methodology is considered as the most common one using mathematical expression varying from simple and single variable formula to sophisticated algorithms. The advantage of this method is that variables applied in the formulas tend to both quantifiable physical attributes of the facility inventory such as age and area, as well as unqualifiable attributes such as type, location, function, construction methods and operation strategies. This paper is a part of a research that expects to create a forecasting model for building maintenance cost which will identify relationships between the costs and facility characteristics. To achieve the finding, most widely adopted formula-based estimation models will be critically reviewed. Comparision of these models mainly focuses on methodologies, data collection, data analysis and consequence functions of the models. Recommendations are suggested to develop and complement an appropriate estimation model for future use.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | building maintenance; cost estimating; cost planning; maintenance cost; maintenance management |
| Index terms: | cost estimating, forecasting, building maintenance, data analysis, inventory, maintenance management, estimation, accuracy, construction method, upgrading, strategy, literature review, building performance, sustainable development, lifecycle, methodology, funding, maintenance cost, estimating, cost planning, construction industry |
| Subjects: | construction type, strategic management, economic analysis, prediction and forecasting, financial and cost management, project delivery, data analysis and analytics, professional development, inventory management, health safety and environment, research methods, maintenance engineering, financial management, management, quality assurance, industry analysis, building construction |
| Topics: | Construction Technology, Research Practice, Project Management, Information Management, Cost Management, Business Strategy, Health and Safety, Site Management, Quality Management, Supply Chain Management |
| Descriptive scope: | 4 PCTA |
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