Life Cycle Costing (LCC) is deliberately known as a vital tool of construction process to optimise the whole life cost from the cradle to grave. LCC also considered as an important factor for a project to meet the equilibrium point of its strategic objectives. In order to implement the LCC, the procedures must undergo certain framework that enables comparative cost assessments to be calculated over specific duration and take account to relevant economic factors of initial, maintenance, operational, salvage value, discount factors, refurbishment and disposal costs. The aim of this paper is to appraise the benefits and barriers of Life Cycle Costing (LCC) practised in the construction industry of Malaysia among the consultant team. The objectives of this paper to explore the benefits and barriers of LCC faced by consultant team in construction projects. To comply with research objectives, a questionnaire survey and interview conducted among the consultant team in Malaysia. 57 participants responded for the survey conducted in this research. From the results, it appears that the implementation of LCC among the professional design team is still limited. Most of the consultant teams had a good knowledge on the processes of analysing LCC, the parameters to be included but still at minimal phases of implementing overall LCC procedures. The lack of reliable data of LCC founded as the main barriers in the Malaysian construction industry. Most of the respondents agreed that the benefit of LCC is the best way to consider the impact of all costs rather than only initial capital costs.
In recent year, there have been an increasing market of Public-Private Partnerships (PPP)/Private Finance Initiative (PFI) for the development and operation of public infrastructure projects in Malaysia. The aim of PPP/PFI is to encourage greater participation of private sector in delivering public services. However, due to lack of knowledge on PPP/PFI procurement bring it being criticized especially in tendering process. Some PPP/PFI projects are the subject of lengthy political debate before they go to tender, causing further delay in their execution. Though, very little empirical studies have been conducted in the area of its overall implementation and tendering process. Therefore, the objectives of the research are to identify and understand the PPP/PFI implementation and practices in public infrastructure project in Malaysia; to determine issues and challenges in PPP/PFI tendering stage; and to propose PPP/PFI tendering improvement. The overall research process and methodology is divided into three phases: The first phase starts with extensive literature search on the current state and issues regarding to tendering in PPP/PFI public infrastructure projects and analysed the relevant documents of PPP/PFI. Based on these searches appropriate problem statement, research aim and objectives are established. The second phase deals with questionnaire survey. The study mainly focuses on concessionaires who are involved in PPP/PFI projects in Malaysia. The third phase is to synthesize the data collected from the literature review, document analysis and questionnaire survey. Finally, is to report the findings, conclusion, recommendation and further research based on the final outcomes. Expected outcomes from the research project are to provide new insight on the theoretical perspectives on tendering for public infrastructure project through PPP/PFI implementation.
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