A Comparative Study of Precast and Cast-in Place Concrete in Construction Home Project by Life Cycle Cost Analysis

Construction industry plays a significant role in economic growth, and the industry will continue to grow with the economic expansion. However, the industry is known for its labor-intensiveness, In order to shorten construction time and address labor issues, developers have explored new systems of construction such as a precast system. This paper is to present a comparative study of precast and cast-in place concrete system in construction home project by life cycle cost analysis by dividing project period into 3 phase (Preparing phase, Construction phase and O&M phase). In modelling life cycle costs, sensitivity analysis and Monte Carlo simulation will be employed to incorporate uncertainty of material and labor costs into the proposed model. The study also found that in 6 home projects, there have risk factors that impact to life cycle cost by using sensitivity analysis are construction cost, major repair and minor repair. The result from this study is life cycle cost from precast and cast -in place systems