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Current status of life cycle cost practice in Malaysian construction industry

Ayob, Mohd Fairullazi and Abdul Rashid, Khairuddin (2016) Current status of life cycle cost practice in Malaysian construction industry. In: Cost and contract administration in construction: divine perspectives. IIUM Press, Kuala Lumpur, pp. 67-84. ISBN 978-967-418-462-1

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Abstract

In this paper, our aim is to report the state and practice of LCC in the Malaysian construction industry. In preparing this paper, a comprehensive review of literature on the practice of LCC related to Malaysian construction industry were conducted. The outcomes of the review will be reported as an introduction of the research. The LCC assessment can be divided into three categories which are data inputs, conversion and outputs (BS ISO 15686, 2008; Kelly et al., 2009; RTO-SAS-069, 2009). Nevertheless, it was observed from the literature review the main focus on the LCC practice in Malaysia is considerably on the conversion of LCC analysis. Most of the literatures written on LCC give emphasis to conversion, but less focus is given to the data input and outputs of LCC analysis. Indeed, there is no research has been carried out to identify of how the data inputs are utilized for conversion in producing accurate and reliable outputs of the LCC analysis. Besides, there is no research has been performed to ascertain whether the local data inputs are appropriate to be used in monitoring the outputs of LCC analysis.

Item Type: Book Chapter
Additional Information: 6985/39700
Uncontrolled Keywords: construction, Malaysia, current status
Subjects: T Technology > TH Building construction
T Technology > TH Building construction > TH4021 Buildings. Construction with reference to use.
Kulliyyahs/Centres/Divisions/Institutes: Kulliyyah of Architecture and Environmental Design > Department of Quantity Surveying
Depositing User: IR. DR. MOHD FAIRULLAZI AYOB
Date Deposited: 15 Jan 2015 12:15
Last Modified: 13 Jan 2017 09:18
URI: http://irep.iium.edu.my/id/eprint/39700

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