Whole Life/Life Cycle Costing During the Design Stage of a Construction Project

Abstract

The calculations of life cycle costs (LCC) and whole life costs (WLC) are important tools in the life cycle of a project. The aim of this research is to examine life cycle costing, whole life costing, and the possible advantages and disadvantages to their introduction and use. A qualitative methodology encompassing an in-depth literature review, interviews, and qualitative analysis using mind mapping software, this research is important as it can add to the industry's understanding of the design process. It highlights reasons for the success or failure of a construction project, in terms of sustainability at the design stage. Results indicate that the researched topics had many advantages but also had inherent disadvantages. It is found that the potential advantages outweighed disadvantages, but uptake within industry is still slow and that better promotion and their benefits to sustainability, the environment, society, and the industry are required.