A literature review on the state and practice of life cycle cost (LCC) in Malaysia
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 applie...
| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2011
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/37735/ http://irep.iium.edu.my/37735/ http://irep.iium.edu.my/37735/10/BITECH2014.pdf |
| Summary: | 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. |
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