Evaluating the whole-life cost implication of revocability and disruption in office retrofit building projects.
Tokede, Olubukola; Ahiaga-Dagbui, Dominic D.
Dominic D. Ahiaga-Dagbui
Retrofit buildings are becoming popular in the United Kingdom as well as many parts of the advanced economies. Existing whole-life costing models have however, not proven to be robust enough to deal with building retrofit scenarios. Recent research has made a case for the existence of revocability and disruption in building retrofit investments. This paper evaluates the whole-life cost implication of revocability and disruption in office retrofit building projects. The potential implication of revocability and disruption are evaluated based on probability and fuzzy logic principles respectively. Two case study projects are selected to appraise the economic potentials of revocability and disruption. It was found that the average cost of revocability relative to the initial capital cost can be up to 119% over a 60-year life. It was also found that the average cost of disruption relative to the initial capital cost can be up to 12%. Future studies will utilise sensitivity analysis in assessing the relative preference of building retrofit configurations in office building projects. The external validity of this work is moderate, as the intention is to establish analytical generalisation rather than statistical generalisation for office retrofit building projects.
TOKEDE, O. and AHIAGA-DAGBUI, D. 2016. Evaluating the whole-life cost implication of revocability and disruption in office retrofit building projects. In Chan, P.W. and Neilson, C.J. (eds) Proceedings of the 32nd annual Association of Researchers in Construction Management (ARCOM) conference, 5-7 September 2016, Manchester, UK. Manchester: ARCOM [online], pages 321-330. Available from: http://www.arcom.ac.uk/-docs/proceedings/79dcdf9080dc459e4707ebb0684a90f2.pdf
|Conference Name||32nd annual Association of Researchers in Construction Management (ARCOM) conference|
|Conference Location||Manchester, UK|
|Start Date||Sep 5, 2016|
|End Date||Sep 7, 2016|
|Acceptance Date||May 20, 2016|
|Online Publication Date||Sep 5, 2016|
|Publication Date||Sep 7, 2016|
|Deposit Date||Oct 17, 2016|
|Publicly Available Date||Oct 17, 2016|
|Publisher||ARCOM Association of Researchers in Construction Management|
|Keywords||Disruption; Office buildings; Retrofit; Revocability; Whole life costing|
TOKEDE 2016 Evaluating the whole-life cost implication
Publisher Licence URL
You might also like
Exploring visual asset management collaboration: learning from the oil and gas sector.
Spotlight on construction cost overrun research: superficial, replicative and stagnated.
Modelling economic risks in megaproject construction: a systemic approach.
Challenges associated with communication medium among project teams on mass housing project delivery in Ghana.