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Risk Factors Analysis in Whole Life-Cycle Cost of Civil Infrastructure

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Civil infrastructure has the features of large-scale investment, long construction and payback term。 Risks and loss will be caused by errors in any link。 It抯 essential for the sponsors to find a solution that cut the whole life-cycle (WLL) cost to the lowest。 This paper aims to explore the risk factors that affect the cost of civil infrastructure in whole life-cycle。 The WLL can be divided into three phases: design, construction, operation and maintenance。 First, structure of cost in every phase are analyzed; Second, risk factors that affect the WLL cost of civil infrastructure in every phase can be identified; Third, it will compare road/bridge project with dam and water treatment plant projects; Finally, suggestions on risk control are given based on the risk identification。

risk identificationwhole life-cycle costcivil infrastructure.

Xiang CHEN、Xiaolong XUE、Yuze XI

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Department of Construction and Real Estate, HarbinInstitute of Technology, Harbin, China 150001

Department of Construction and RealEstate, Harbin Institute of Technology, Harbin, China 150001

Department of Construction and Real Estate, Harbin Institute of Technology, Harbin, China 150001

International conference on construction & real estate management

Guangzhou(CN)

Proceedings of 2011 international conference on construction & real estate management

946-949

2011