Engineering Economics and Life Cycle Cost Analysis of Green Building

Green Building promotes the efficiency of buildings with regards to the use of water, renewable energy and materials while reducing the structure?s impact on individual?s health and the environment through its better design, construction, operation, maintenance system. Hence Green Building is all about the complete building life cycle Life-cycle cost analysis (LCCA) is an evaluating mechanism to valuate the total financial/resource requirements for total ownership of a building for a pre-determined service period of the building. LCCA is highly helpful for project options that accomplishes the same task demands, having different initial/ construction costs and operational costs, needs to be examined in order to execute the option that optimizes financial requirements. Green building related expenses can be classified as follows:- Non-Recurring Cost ? Initial Costs ? Residual Values ? Finance Charges Recurring cost ? Operation, Maintenance, and Repair Costs ? Replacement Costs ? Non-Monetary Costs This article mainly emphasizes on the Maintenance and Repair cost analysis of green building materials; giving plausible trends for next 25 years for various essentials using DISTRICT SCHEDULE RATE (DSR), WHOLESHALE PRICE INDEX (WPI) and CONSUMER PRICE INDEX (CPI). These trends are only applicable for the whole of Mumbai city and suburban district.