Use of BIM for Study of Life Cycle Cost Analysis of Residential Complex

The initial costs of a building are quite small in comparison to the life cycle costs, as it is estimated that they represent less than 30% of the total life cycle cost of a building. Accordingly, if we consider integration of the life cycle cost of a building into the estimation of investment values, then we would have a better and clearer idea of how much our total operation costs are during and after construction process. Did an overview of Life Cycle Assessment and Modelling tools and BIM integrated LCC evaluations. Used BIM objectives by Krieder for to generate Life Cycle Cost Analysis of the Residential Building. Findings of this study demonstrate the opportunities to manage and estimate a reliable and accurate information on a building’s life cycle in real time by considering each element and its components into the calculation, which may change the metrics for a real estate economic evaluation in order to achieve sustainable and efficient property investment. The adoption of the building information modelling to generate relative LCCA databases directly benefits the real investment cost calculation for investors.