Life Cycle Cost Awareness in the Bhutanese Construction Industry
Life Cycle Cost Analysis
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Life Cycle cost is a new subject in the construction industry of Bhutan. Significant knowledge gaps exist in the knowledge of Life Cycle Costing and the alternative selection of building materials in the construction industry. In order to fulfill the gaps a questionnaire survey was developed for 319 respondents in using the Life Cycle Costing for the Bhutanese construction industry. Life Cycle Cost Analysis of selected components of the selected building was done taking into account relevant economic factors: initial costs maintenance and operational costs. The maintenance and operational cost...
Life Cycle cost is a new subject in the construction industry of Bhutan. Significant knowledge gaps exist in the knowledge of Life Cycle Costing and the alternative selection of building materials in the construction industry. In order to fulfill the gaps a questionnaire survey was developed for 319 respondents in using the Life Cycle Costing for the Bhutanese construction industry. Life Cycle Cost Analysis of selected components of the selected building was done taking into account relevant economic factors: initial costs maintenance and operational costs. The maintenance and operational costs are generally ignored in building industry especially during design stage. For this research, the method of LCC present worth cost approach was evaluated with projection of building service life as 60 years, inflation rate as 9.07% and discount rate as 0%. The research work was conducted at College of Science and Technology in Partial Fulfillment of the Requirements for the Award of Degreeof Bachelor of Engineering in Civil Engineering.
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