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Extending life-cycle costing (LCC) analysis for sustainability considerations in road infrastructure projects

Goh, Kai Chen & Yang, Jay (2009) Extending life-cycle costing (LCC) analysis for sustainability considerations in road infrastructure projects. In Goh, Kai Chen & Yang, Jay (Eds.) Proceedings of 3rd CIB International Conference on Smart and Sustainable Built Environment, SASBE2009, Aula Congress Centre, Delft, Amsterdam.

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Abstract

Sustainable development is about making societal investments. These investments should be in synchronization with the natural environment, trends of social development, as well as organisational and local economies over a long time span. Traditionally in the eyes of clients, project development will need to produce the required profit margins, with some degrees of consideration for other impacts. This is being changed as all citizens of our society are becoming more aware of concepts and challenges such as the climate change, greenhouse footprints, and social dimensions of sustainability, and will in turn demand answers to these issues in built facilities. A large number of R&D projects have focused on the technical advancement and environmental assessment of products and built facilities. It is equally important address the cost/benefit issue, as developers in the world would not want to loose money by investing in built assets. For infrastructure projects, due to its significant cost of development and lengthy delivery time, presenting the full money story of going green is of vital importance. Traditional views of life-cycle costing tend to focus on the pure economics of a construction project. Sustainability concepts are not broadly integrated with the current LCCA in the construction sector. To rectify this problem, this paper reports on the progress to date of developing and extending contemporary LCCA models in the evaluation of road infrastructure sustainability. The suggested new model development is based on sustainability indicators identified through previous research, and incorporating industry verified cost elements of sustainability measures. The on-going project aims to design and a working model for sustainability life-cycle costing analysis for this type of infrastructure projects.

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ID Code: 31344
Item Type: Conference Paper
Additional Information: The contents of that proceedings can be freely access via the conference website (see Official URL).
Additional URLs:
Keywords: Sustainability, life-cycle costing analysis, infrastructure, project costs
Subjects: Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > URBAN AND REGIONAL PLANNING (120500) > Transport Planning (120506)
Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > URBAN AND REGIONAL PLANNING (120500)
Divisions: Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
Past > Schools > School of Urban Development
Copyright Owner: Copyright 2009 Kai Chen Goh and Jay Yang
Copyright Statement: The copyright of the individual papers lies with their authors.
Deposited On: 17 Mar 2010 07:48
Last Modified: 10 Jun 2010 00:24

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