| Title |
A Study on Development of Life Cycle Cost Analysis System for Build-Transfer-Lease Projects |
| Authors |
Lee Chun-Kyong ; Lee Mi-Hye ; Cho Bong-Ho ; Choi Joong-Hyun ; Park Tae-Keun |
| Keywords |
Build-Transfer-Lease Projects ; Life Cycle Cost Analysis ; Value for Money ; Cost Breakdown Structure |
| Abstract |
This study is finally aimed at developing analysis system of life cycle cost for BTL projects. In January 2005, the BTL private investment project was introduced in the Korean construction market as part of the plan to provide high?quality public service and expand the required facilities in a timely manner. Nonetheless, problems such as the low earning rate at the beginning of the business, burden of service compared to the cost of the proposed business, and limitations of the local small and medium-sized companies in relation to their participation in the project arose. The LCC analysis system for the BTL projects was developed as part of efforts toward efficiently investigating the investment eligibility. Specifically, methods for LCC analysis were selected for each stage of the BTL project in relation to the requests of experts for military residential facilities and public educational facilities. Variables were then extracted to derive an accurate analysis value, LCC for the 5 cost items (initial investment cost, operating expenses, maintenance expenses, energy cost, and disposal cost), analyzed, and system enabling comparative analysis for single and multiple initiatives by year and item, developed. Thus, we have to clearly require the accumulation of data to examine the appropriateness of the results of LCC analysis based on data and results. |