A literature review on the state and practice of life cycle cost (LCC) in Malaysia

Ayob, Mohd Fairullazi and Abdul Rashid, Khairuddin (2011) A literature review on the state and practice of life cycle cost (LCC) in Malaysia. In: International Building and Infrastructure Technology Conference 2011 (BITECH 2011), 7-8 June 2011, Penang, Malaysia.

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Abstract

Commentators suggest that most clients focus only on initial or capital costs but very seldom they consider future costs (maintenance, replacement, etc) when they initiate and procure building and infrastructure facilities. In addition, techniques including Life Cycle Cost (LCC) were seldom applied; these despite the fact that past research indicated that the application of such techniques could provide clients with a holistic view on the total costs (initial, maintenance, replacement, etc) of their proposed development. Consequently, a research project aimed at investigating the state and practice of LCC in Malaysia was initiated and carried out. This paper reports on the initial stage of the study and its outcome. The initial study was conducted through a comprehensive review of literature on LCC in general and specifically on the practice of LCC in Malaysia. The outcome of the initial study suggests that among others; most clients and their consultants are aware of the concept and practice of LCC, there exist several models and techniques on how to apply LCC for building and infrastructure projects and yet LCC is seldom practiced in Malaysia. The findings provide current information on the state and practice of LCC in Malaysia.

Item Type:	Conference or Workshop Item (UNSPECIFIED)
Additional Information:	6985/37735 ISBN: 9789673940295
Uncontrolled Keywords:	Life cycle cost (LCC), initial and future costs, building, construction and clients
Subjects:	T Technology > TH Building construction T Technology > TH Building construction > TH4021 Buildings. Construction with reference to use.
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Architecture and Environmental Design > Department of Quantity Surveying
Depositing User:	IR. DR. MOHD FAIRULLAZI AYOB
Date Deposited:	04 Dec 2014 15:45
Last Modified:	19 Jul 2021 17:05
URI:	http://irep.iium.edu.my/id/eprint/37735

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