Life cycle cost analysis: Green vs conventional buildings in Sri Lanka

Weerasinghe, Achini Shanika, Ramachandra, Thanuja and Thurairajah, Niraj (2017) Life cycle cost analysis: Green vs conventional buildings in Sri Lanka. In: ARCOM 2017 - 33rd Annual Association of Researchers in Construction Management Conference, 4th - 6th September 2017, Cambridge, UK.

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Official URL: http://www.arcom.ac.uk/-docs/proceedings/9e3d4fff9...

Abstract

Recently, the focus on green buildings has fore-fronted in the Sri Lankan construction industry. The green building investors continue to focus on minimising construction cost and fail to appreciate the impact on life cycle economic performances. The construction cost of green buildings tends to be higher than traditional buildings, with a comparatively lower operation and maintenance costs. Therefore, this study assesses the life cycle cost of green certified industrial manufacturing building and that of a conventional building to establish the impact of sustainable features on life-cycle cost. The quantitative data on construction, running and end of life cycle costs of the selected green and conventional buildings were collected and analysed using Net Present Value. The analysis shows that the construction cost of green industrial manufacturing building is about 28% higher than that of a conventional building. However, operation, maintenance and end of life cycle costs are in the range of 35 to 41%, 26 to 30% and 6 to 18% respectively lower than that of conventional building. The study found that the life-cycle cost of green building is 24 to 28% less compared to conventional building. It is expected that the outcome of this research would contribute to the organisational learning of green built environment and thereby uplift the use of sustainable construction in Sri Lanka.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Green building, Green rating systems, Life cycle cost, Sri Lanka
Subjects: K200 Building
Department: Faculties > Engineering and Environment > Architecture and Built Environment
Depositing User: Paul Burns
Date Deposited: 27 Mar 2019 17:00
Last Modified: 27 Mar 2019 17:00
URI: http://nrl.northumbria.ac.uk/id/eprint/38580

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