Total life cycle cost in the construction industry
Thesis DisciplineCivil Engineering
Degree GrantorUniversity of Canterbury
Degree NameMaster of Engineering
The purpose of this study is to develop the concept of total life cycle costing technique for project investment appraisal in the construction industry. This technique incorporates initial investment costs, future cost and other non quantifiable aspects in monetary terms of the project. A spreadsheet programme is used to analyse projects and by applying this technique a sensitivity analysis can be performed. Alternative bridge project types and alternative road options have been analysed using the the total life cycle costing technique. The results indicate that the concept of total life cycle costing together with sensitivity analysis facilitate an options an effective choice from a number of alternative options. The results of this study have demonstrated the usefulness of the concept as s decision-making tool and its application to projects in the construction industry.