dc.contributor.author |
Weerasinghe, AS |
|
dc.contributor.author |
Ramachandra, T |
|
dc.contributor.editor |
Sandanayake, YG |
|
dc.contributor.editor |
Ramachandra, T |
|
dc.contributor.editor |
Gunatilake, S |
|
dc.date.accessioned |
2022-03-30T08:18:29Z |
|
dc.date.available |
2022-03-30T08:18:29Z |
|
dc.date.issued |
2017-06 |
|
dc.identifier.citation |
Weerasinghe, A.S., & Ramachandra, T. (2017). Are green buildings economically sustainable? a LCC approach. In Y.G. Sandanayake, T. Ramachandra & S. Gunatilake (Eds.), What’s new and what’s next in the built environment sustainability agenda? (pp. 49-59). Ceylon Institute of Builders. https://ciobwcs.com/downloads/WCS2017-Proceedings.pdf |
en_US |
dc.identifier.uri |
http://dl.lib.uom.lk/handle/123/17513 |
|
dc.description.abstract |
In the context of Sri Lanka, the number of green certified buildings is still at a minimal level and the reason
could be attributed to green building investors who continue to perceive that green buildings are costly and
the initial cost premium ranges from 20 to 25% and fail to appreciate the subsequent benefits in terms of
running costs. However, in the global context, researchers have indicated that green building construction
cost varies largely between -15 to 21% while only a little information is available on the status of operation
and maintenance costs reduction. As part of the larger study which investigates the impact of sustainable
features on life cycle cost of green buildings, this paper presents a comparison on life cycle cost of green
certified industrial manufacturing building with that of a conventional building to establish the economic
sustainability of green buildings. Quantitative data on the construction and running costs of green and
conventional buildings were collected and analysed using Net Present Value. The analysis shows that the
construction cost of green industrial manufacturing building is 28% higher than that of a conventional
building while the reduction in running costs is 39%. Overall the green buildings offer an economic benefit
of 50% savings over its life time. It is expected that the outcome of this research would contribute to the
organisational learning of green built environment and thereby uplift the sustainable construction. |
en_US |
dc.language.iso |
en |
en_US |
dc.publisher |
Ceylon Institute of Builders |
en_US |
dc.relation.uri |
https://ciobwcs.com/downloads/WCS2017-Proceedings.pdf |
en_US |
dc.subject |
Green building |
en_US |
dc.subject |
Green rating systems |
en_US |
dc.subject |
Life cycle cost |
en_US |
dc.subject |
Sri Lanka |
en_US |
dc.subject |
Sustainable features |
en_US |
dc.title |
Are green buildings economically sustainable? a LCC approach |
en_US |
dc.type |
Conference-Full-text |
en_US |
dc.identifier.department |
Department of Building Economics |
en_US |
dc.identifier.year |
2017 |
en_US |
dc.identifier.conference |
6th World Construction Symposium 2017 |
en_US |
dc.identifier.place |
Colombo |
en_US |
dc.identifier.pgnos |
pp. 49-59 |
en_US |
dc.identifier.proceeding |
What’s new and what’s next in the built environment sustainability agenda? |
en_US |