THE CHALLENGES OF LIFE CYCLE COSTING APPLICATION OF INTELLIGENT BUILDING IN MALAYSIA CONSTRUCTION INDUSTRY

Abstract

The economic growth in Malaysia is contributed mainly by the construction industry. The advance of the Information and Communication Technology developed the growth of the intelligent building and sustainable development. However, many construction projects are not seriously care about the cost and values of the building but only the appearance and smart looking buildings. It is important to show the building owner to minimize the production cost and increase the profit while at the same time provides the comfort, safer and effective buildings. For this purpose, this paper describes the life cycle cost as the main economic method used in the construction industry because it can identify and evaluate the cost saving for the building. The aim of this paper is to determine the challenges of the life cycle costing in the construction industry. This paper also identifies the criteria of the intelligent building and the integration of the life cycle cost in the intelligent building. The main sources used in the literature research are taken from the books, journals, articles, and internet based. The results of this research will give the useful reference materials to the researcher and also for the construction industry in Malaysia.