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Life Cycle Costing: Evaluate Sustainability Outcomes for Building and Construction Sector

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Industry, Innovation and Infrastructure

Part of the book series: Encyclopedia of the UN Sustainable Development Goals ((ENUNSDG))

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Synonyms

Costs-in-use; Life cycle cost (LCC); Through-life costing (TC); Total life cycle costing (TLC); Total-cost-of-ownership; Whole life cycle (WLC); Whole-life-cycle costing (WLCC)

Definition

Life cycle cost (LCC) has been defined and redefined in different studies undertaken on this topic previously. However, life cycle cost in this entry is considered as a sum of all costs related to a life cycle of a building from the phase of investment to the phase of deconstruction. For a sustainable building, it is anticipated that the environmental impacts associated with the design, construction, and operation of this building are also lower than a business-as-usual building. Sustainable buildings or green buildings are still not mainstreamed in many parts of the world.

Introduction

The building and construction sector has a significant impact on the planet. The sector consumes more than 40% of the world’s resources, requires 40% of global energy, emits 30% of GHG emissions, and uses 25%...

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Author information

Authors and Affiliations

  1. Research fellow, School of Property, Construction and Project Management, RMIT University, Melbourne, Australia

    Oanh Thi-Kieu Ho

  2. School of Property, Construction and Project Management, RMIT University, Melbourne, Australia

    Usha Iyer-Raniga

  3. Sustainable Buildings and Construction Programme, United Nations One Planet Network, Paris, France

    Usha Iyer-Raniga

Authors
  1. Oanh Thi-Kieu Ho
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  2. Usha Iyer-Raniga
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Corresponding author

Correspondence to Oanh Thi-Kieu Ho .

Editor information

Editors and Affiliations

  1. European School of Sustainability, Hamburg University of Applied Sciences, Hamburg, Hamburg, Germany

    Walter Leal Filho

  2. Center for Neuroscience & Cell Biology, University of Coimbra, Coimbra, Portugal

    Anabela Marisa Azul

  3. Faculty of Engineering and Architecture, Passo Fundo University Faculty of Engineering and Architecture, Passo Fundo, Brazil

    Luciana Brandli

  4. HAW Hamburg, Hamburg, Hamburg, Germany

    Amanda Lange Salvia

  5. International Centre for Thriving, University of Chester, Chester, UK

    Tony Wall

Section Editor information

  1. Department of manufacturing and civil engineering, Norwegian University of Science and Technology, Gjøvik, Norway

    Lizhen Huang

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Ho, O.TK., Iyer-Raniga, U. (2021). Life Cycle Costing: Evaluate Sustainability Outcomes for Building and Construction Sector. In: Leal Filho, W., Azul, A.M., Brandli, L., Lange Salvia, A., Wall, T. (eds) Industry, Innovation and Infrastructure. Encyclopedia of the UN Sustainable Development Goals. Springer, Cham. https://doi.org/10.1007/978-3-319-71059-4_14-1

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  • DOI: https://doi.org/10.1007/978-3-319-71059-4_14-1

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-71059-4

  • Online ISBN: 978-3-319-71059-4

  • eBook Packages: Springer Reference Earth and Environm. ScienceReference Module Physical and Materials ScienceReference Module Earth and Environmental Sciences

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