Life cycle cost analysis of green construction sites

Due to tremendous growth in Infrastructure and construction development the concept of 'Sustainable Construction' has gained an overwhelming growth in the field of construction. Although it is said so, contractors are hesitant in trying to adopt to green construction and prefer conventional construction over green construction due to the higher initial costs which would occur till the handing over stage. Life Cycle Cost (LCC) provides a significantly better assessment of the long term cost effectiveness of a project than alternative economic methods that focus only on first costs or operation costs costs in the short run. The study comprises of collection of information on the various types of costs that are likely to be incurred during the life cycle of green as well as conventional construction projects, which are then analyzed by a suitable software that enables calculation of Life Cycle cost of the projects considered. A comparative study between the different construction stages of conventional and green construction has been performed which helped to determine the advantages of going green. This study resulted in conclusions that has obtained results to demonstrate the advantages of going green from the contractor's point of view.