Life Cycle Cost and Budget Analysis of Green Building– A Case Study

Abstract

Green Buildings (GB) are practice of making structures that are environment friendly, resources and energy efficient throughout the life cycle of structures. Life Cycle Cost Assessment (LCCA) is a technique which is used to estimatethe cost assessment, during the complete lifespan of a building. It measures the total cost required during design, construction, operation, maintenance, and decommissioning of a building system. Construction projects needs proper planning, management, and risk assessments so that we utilize our time, budget, and resources in suitable way.In this researchLife Cycle Cost Analysis (LCCA) and Life Cycle Budget Analysis (LCBA) is carried out ofIsh Profarma 8 story frame structure green building located in Tirana Albania.This researchproposes a study that determines in what manner the life cycle cost analysis was conducted for a green building and shows how the life cycle cost variables were identified and used to develop a life cycle budget for the whole life cycle of a green building for sustainable development. It is found in this research that the future costs of the inspected GB are high as its initial design and construction costs. It is also examined that the energy cost constitutes a weight of almost more than 28% of the total life cycle budget for the building. It is also found that reduced energy consumption in the GB is the most influential factor to reduce its total life cycle cost. It is noted that the natural resources that we use in the GB reduced the electricity consumption and reduced energy consumption which has positive impact on environment which leads to sustainability