Document Type

Conference Paper

Rights

This item is available under a Creative Commons License for non-commercial use only

Disciplines

Economics, *training

Publication Details

INTERNATIONAL COUNCIL FOR RESEARCH AND INNOVATION IN BUILDING AND CONSTRUCTION

CIB W070 FACILITIES MANAGEMENT AND ASSET MAINTENANCE

CIB W092 PROCUREMENT SYSTEMS

CIB TG72 PUBLIC PRIVATE PARTNERSHIP

Proceedings of the JOINT CIB W070, W092 & TG72 INTERNATIONAL CONFERENCE ON FACILITIES MANAGEMENT, PROCUREMENT SYSTEMS AND PUBLIC PRIVATE PARTNERSHIP DELIVERING VALUE TO THE COMMUNITY

DEPARTMENT OF CONSTRUCTION ECONOMICS AND MANAGEMENT

Cape Town, South Africa, 23rd – 25th January 2012.

Abstract

The Capital Works Management Framework (CWMF) is a structure that has been developed to deliver the Irish government’s objectives in relation to public sector construction procurement reform. This research provides practical guidance and assistance for construction cost professionals in carrying out Whole Life Cycle Cost Analysis (WLCCA) and producing Life Cycle Cost Models(LCCMs) under the CWMF. The research outlines how LCCA calculations can be carried out for cost planning purposes and recommends a standard methodology for presenting LCCMs under the CWMF. The CWMF states that Whole Life Costs (WLC) are an important consideration throughout the design process and should be integrated at each stage of the cost planning process. This research investigated a number of international methodologies and standard method of measurements on Life Cycle Costing (LCC) along with a literature review of journal papers, professional publications and research articles. A template was subsequently developed that can be used to aid construction professionals in producing LCCMs. The template puts forward a standard response to the CWMF and was produced in consultation with one of the international methodologies in LCC. A WLCCA case study of a secondary school building in Dublin, Ireland was carried out using the template outlined above. The WLCCA was prepared to provide an example of how LCCA could be carried out and presented in accordance with Ireland’s CWMF. The resultant WLCCA outlines a sixty year analysis of the school considering the proportional present value breakdown between investment costs and operational costs. The construction costs represent 42% of the overall present value WLC of the building over a 60 year study period.