Analysis of LCC and BIM during Operations and Maintenance phase from the Perspective of Cost

The application of different techniques and technology in the construction sector provided immense advantages to optimize construction cost. However, the later period Operations and Maintenance (O&M) phase of the building with maximum lifespan consume excess cost from the owner budget and it is essential to reduce facilities costs. The Life Cycle Cost (LCC) technique and Building Information Modeling (BIM) technology have a greater influence on building usage period. Therefore, the primary objective in the research is to analyze the benefits of LCC and BIM during Facility management (FM) phase. The theoretical approach of research work helped to determine how LCC and BIM can facilitate to reduce operational cost. The research work started with the background and problems related to O&M, following the literature review and theoretical framework to know about concepts and current situations. The case studies from several research papers were analyzed to support the research study and finally concluded the results for the theoretical approach of work. The findings of the literature review and case studies analysis provided different outcomes, limitations, and benefits of implementing LCC and BIM. With the implementation of LCC and BIM in FM phase can enhance the facilities operations and maintenance process that reduces the service cost of building’s life. There are several limitations from the two concepts BIM and LCC, however proper Lifecycle analysis of building components, systems and equipment before evaluating design alternative and integration of BIM at the early design stage can even improve the construction process which benefits to reduce entire Life Cycle Cost of the building