Sterner, E (2000) Life-cycle costing and its use in the Swedish building sector. Building Research & Information, 28(5-6), pp. 387-393. ISSN 0961-3218
Abstract
The results from a survey examing the extent that Swedish clients in the building sector use life-cycle cost (LCC) estimations are reported. The limits and benefits from the client and user perspectives are also explored. The interest in using LCC approaches for economic evaluation of investment decisions is large. However, constraints exists at a number of levels: uncertainties related to the long term forecasts used, difficulties in achieving relevant input data and lack of experience in using LCC models, incentives for consultants and contractors. Nonetheless, the LCC perspective is proving to be most useful during the design phase where the possibilities of cost reductions related to operation and maintenance are large. LCC can provide motivation for environmental progressive building despite the sometime higher initial cost. The implication for expanding the use of LCC are considered for government, clients/developers, professionals.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | building economics; building operation; clients; green building; life cycle costing; maintenance; procurement; Sweden |
| Index terms: | life cycle, survey, Sweden, user perspective, motivation, estimation, operation and maintenance, building operation, costing, investment decision, cost reduction, economic evaluation, building economics, design phase, green building |
| Subjects: | Geography, maintenance engineering, economics, accounting and finance, design practice, management, cost management, financial analysis, value management, user focus, data collection methods, financial and cost management, economic analysis, professional practice, psychology |
| Topics: | Business Strategy, Cost Management, Research Practice, Geographical Context, Project Management, Site Management, Design Practice, Human Resources |
| Descriptive scope: | 5 PCTEA |
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