PL EN


Preferences help
enabled [disable] Abstract
Number of results
2016 | 58 | 148-161
Article title

Life Cycle Costing (LCC) in Nigerian construction industry: Barrier and Drivers facing its Implementation

Content
Title variants
Languages of publication
EN
Abstracts
EN
Life cycle cost in construction projects is a process of economic decision analysis, which helps taking decisions on investments in new construction. These decisions on investments are analyzed for the payback over the life of the investment. Life-cycle costing makes it possible for the whole life performance of buildings and other structures to be optimized. This paper introduces the concept of life-cycle costing in the Nigerian construction industry. It briefly explains monitoring cost performance over the economic life span, controlling the design development within the capital & running cost budgets and others as its benefits to the industry. Drivers and barriers to its implementation in Nigeria were not left out. Based on extensive literature review this paper shown that the life cycle costing techniques has not been implemented and greatly used in Nigeria. Unstable economic situation, government policy, separation of capital and running cost of most project and others are the barrier facing its implementation. This paper also attempts to provide some recommendations that should facilitate the implementation of LCC in the Nigeria.
Year
Volume
58
Pages
148-161
Physical description
Contributors
  • Department of Quantity Surveying, Federal University of Technology Akure, Ondo State. P.M.B 704, Akure, Ondo state, Nigeria, brosgift4love@yahoo.com
References
  • [1] Akasah, Z. A. and Rum, N. A. M. (2011). Implementing Life Cycle Costing in Malaysia Construction Industry: A Review. Proceeding of International Building and Infrastructure Conference, 7-8 June, 2011
  • [2] ANAO, (2010). Life-cycle costing: Better practice guide 2001, viewed 2001,<http://www.anao.gov.au/uploads/documents/Life_Cycle_Costing.pdf,2001>. A Ashworth, Cost studies of buildings, 5th Ed, Pearson Education Limited, UK, 2010.
  • [3] Ashworth A. & Hogg K. (2007). Willis’s Practice and Procedure for the Quantity Surveyor (12th ed., p. 440). Wiley-Blackwell, 2007.
  • [4] Barringer, P. E. (2003). A life cycle cost summary. Paper presented by the Maintenance Engineering Society of Australia at the International Conference of Maintenance Societies, 20-23 May, Perth.
  • [5] Boussabaine, A and Kirkham, R (2008). Whole life-cycle costing: risk and risk responses. John Wiley & Sons.
  • [6] BSI, (2008). BS ISO 15686-5:2008- buildings and constructed assets – service life planning – Part 5: life cycle costing. London: British Standards Institution.
  • [7] Bull, W. (ed.) (1993). Life Cycle Costing for Construction. London: Blackie Academic & Professional
  • [8] Caplehorn, P. (2012). Whole Life Costing. A New Approach. Routledge: Abingdon, UK
  • [9] Che Mat, M. M. (2002). Value Management: Principles and Applications. (1st ed.). Petaling Jaya: Prentice Hall.
  • [10] Choong, P. M. and Sharratt, P. N. (2002). A life-cycle framework to analyse business risk in process industry projects, Journal of Cleaner Production, 10(5), 479-493.
  • [11] Cole R. J. & Sterner, E. (2000). Reconciling theory and practice of life-cycle costing. Building Research and Information 28(5/6): 368-375.
  • [12] Creedy, G. (2006). Client risk factors leading to cost over-run in highway projects. Client Driving Innovation: Moving ideas into practice.
  • [13] Ellingham, Fawcett W, (2006). New generation whole-life costing. Property and construction decision making under uncertainty, Taylor & Francis, UK, 2006.
  • [14] Flanagan, R., Jewell, C., and Norman, G. (2005). Whole life appraisal for construction, Blackwell Science, Oxford.
  • [15] Flanagan, R., Norman, G., Meadows, J. and Robinson, G. (1989). Life cycle costing: theory and practice. Oxford: BSP Professional Books.
  • [16] Hunkeler, D., Klopffer, W., Pesonen, H., Ciroth, A., Swarr, T., Brent, A., Pagan, B. & Itsubo, N. (2008). Environmental life-cycle costing: A SETAC guideline. Draft version 5.0.
  • [17] Hunter, K; Hari, S; Kelly, J (2005). A whole life costing input tool for surveyors in UK local government, Structural Survey, 23(5), 346-358
  • [18] Kelly J, Male S, (1993). Value management in design and construction – The economic management of projects, Taylor & Francis, UK, 1993.
  • [19] Kelly, J and Hunter J (2009). Life Cycle Costing of Sustainable Design, RICS, London
  • [20] Kirkham, R J (2002). A stochastic whole life cycle cost model for an NHS acute care hospital building, PhD thesis, The University of Liverpool, UK
  • [21] Kirkham, R J, Alisa, M, Silva, A P d, Grindley, T and Brondsted, J (2004) Rethinking whole life cycle cost based design decision-making. In: Khosrowshahi, F (Ed.), 20th Annual ARCOM Conference, 1-3 September 2004, Heriot Watt University. Association of Researchers in Construction Management, Vol. 1, 91-103.
  • [22] Kirkham, R J, Boussabaine, A H and Kirkham, M P (2002). Stochastic time series forecasting of electricity costs in an NHS acute care hospital building, for use in whole life cycle costing. “Engineering, Construction and Architectural Management”, 9(1), 38-52.
  • [23] Kishk, M, Al-Hajj, A and Pollock, R (2001). Inclusion of non-financial factors in life-cycle decisionmaking: a fuzzy approach. In: Akintoye, A (Ed.), “17th Annual ARCOM Conference”, 5-7 September 2001, University of Salford. Association of Researchers in Construction Management, 1, 411-20.
  • [24] Kishk, M, Al-Hajj, A., Pollock, R. and Aouad, G. (2003) Effective feedback of whole-life data to the design process. Journal of Financial Management of Property and Construction. Vol. 8 No 2, pp. 89-98.
  • [25] Kishk, M., Laing, R. and Edge M. (2006). An extended whole-life application for the selection of hospital finishes. In: Boyd, D. (Ed) Procs 22nd Annual ARCOM conference, 4-6 September 2006, Birmingham, UK, Association of Researchers in Construction Management, 719-728.
  • [26] Kishk, M. (2004) Combining various facets of uncertainty in whole-life cost modelling. Construction Management and Economics, 22: 4, 429-435
  • [27] Kishk, M., Laing, R. and Edge M. (2006). An extended whole-life application for the selection of hospital finishes. In: Boyd, D. (Ed) Procs 22nd Annual ARCOM conference, 4-6 September 2006, Birmingham, UK, Association of Researchers in Construction Management, 719-728.
  • [28] Langdon, D. (2005). Life Cycle Costing as A Contribution to Sustainable Construction. Retrieved February 6, 2013, from http://ec.europa.eu/enterprise/sectors/construction/files/compet/lifecycle_costing/guidance__case_study_en.pdf
  • [29] Liapis, K. J., Kantianis, D and Galanos, C. L. (2014). Commercial property whole-life costing and the taxation environment. Journal of Property Investment and Finance, 32(1) (2014) 56-77.
  • [30] Michael Clift (2003) Life-cycle costing in the construction sector, UNEP Industry and Environment April – September 2003, 37-41
  • [31] Memon, A. H. (2013). Structural modelling of cost overrun factors in construction industry (Doctoral dissertation, Universiti Tun Hussein Onn Malaysia).
  • [32] Meng, X and Harshaw, F. (2013). The application of whole life costing in PFI/PPP projects. In: Smith, S.D. and Ahiaga-Dagbui, D.D. (Ed.), Proceedings 29th Annual ARCOM Conference, 2-4 September 2013, Reading, UK. Association of Researchers in Construction Management, 769-778.
  • [33] Oduyemi, O, Okoroh, M and Dean, A (2014). Barriers to life cycle costing usage In: Raiden, A B and Aboagye-Nimo, E (Eds) Procs 30th Annual ARCOM Conference, 1-3 September 2014, Portsmouth, UK, Association of Researchers in Construction Management, 783-791.
  • [34] Oduyemi, O, I, (2015). Life cycle costing methodology for sustainable commercial office buildings (Doctoral dissertation)
  • [35] Olubodun, F., Kangwa, J., Oladapo, A and Judith Thompson, (2010). An appraisal of the level of application of life cycle costing within the construction industry in the UK, Structural Survey, 28(4), 254-265
  • [36] Opoku, A. (2013). The application of whole life costing in the UK construction industry: Benefits and Barriers. International Journal of Architecture, Engineering and Construction Vol. 2, No 1, 2013, pp. 35-42
  • [37] Perera, O., Morton, B. and Perfrement, T. (2009). Life Cycle Costing in Sustainable Public Procurement: A Question of Value. International Institute for Sustainable Development: A white paper from IISD
  • [38] Rahim F. A., Muzaffar S. A., Mohd Yusoff N .S., Zainon N and Wang C. (2014). Sustainable construction through life cycle costing. Journal of building performance 5(1) 2014.
  • [39] Swaffield, L.M. and McDonald, A.M. (2008). The contractor’s use of life cycle costing on PFI projects. Engineering, Construction and Architectural Management 15(2) (2008) 132-148.
  • [40] Williamson, A., Williams, C and Gameson, R. (2010). The consideration of maintenance issues during the design process in the UK public sector. In: Egbu, C. (Ed) Procs 26th Annual ARCOM Conference, 6-8 September 2010, Leeds, UK, Association of Researchers in Construction Management, 1091-1100.
  • [41] Wu, S., Clements-Croome, D., Fairey, V., Albany, B., Sidhu, J., Desmond, D and Neale, K. (2006) Reliability in the whole life cycle of building systems Engineering Construction and Architectural Management 13(2), 136-153
Document Type
article
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.psjd-e745a8b7-4ca7-4616-9b06-6596c61aacf8
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.