Life cycle costing and value analysis for design of buildings

Abstract

The research was conducted to evaluate the feasibility of life cycle costing and value analysis for design of buildings in Sri Lanka. Data were collected from different designers to analyze how the designers' design decisions vary relevant to the life cycle costing and value analysis aspects and to find what are the difficulties faced by the designers to use the same for their designs. It was found that the most of the designers are willing to change their designs when they are considering the life cycle costing and value analysis aspects for their designs. But, there are some obstructions taking away the designers from using the same for their designs, which are explained under conclusion chapter. Further, it was found that 93.75%(15 out of 16) of the designers do not consider life cycle costing and value analysis aspects for their design of buildings in Sri Lanka. If the followings are satisfied, it will be feasible to perform life cycle costing and value anal ysis aspects for the designs of buildings by most of the designers in Sri Lanka. a) The awareness of life cycle costing and value analysis aspects are to be improved. b) There should be a readily available source of running cost and replacement period. c) Designers should have sufficient time period at pre-contract stage. d) Designers should be paid additional fee for performing life cycle costing and value analysis. (i)