Nurul Zahirah M.A. and N. Zainul Abidin
Main Elements of Soft Cost in Green Buildings
3601 - 3606
2012
6
12
International Journal of Economics and Management Engineering
https://publications.waset.org/pdf/5872
https://publications.waset.org/vol/72
World Academy of Science, Engineering and Technology
Green buildings have been commonly cited to be more
expensive than conventional buildings. However, limited research
has been conducted to clearly identify elements that contribute to this
cost differential. The construction cost of buildings can be typically
divided into “hard" costs and “soft" cost elements. Using a review
analysis of existing literature, the study identified six main elements
in green buildings that contribute to the general cost elements that are
“soft" in nature. The six elements found are insurance, developers
experience, design cost, certification, commissioning and energy
modeling. Out of the six elements, most literatures have highlighted
the increase in design cost for green design as compared to
conventional design due to additional architectural and engineering
costs, ecocharettes, extra design time, and the further need for a
green consultant. The study concluded that these elements of soft cost
contribute to the green premium or cost differential of green
buildings.
Open Science Index 72, 2012