1 research outputs found
Literature Review on Green Cost Premium Elements of Sustainable Building Construction
Despite
evidence that sustainable construction practice has numerous environmental,
economy and societal benefits, many construction practitioners have failed to
support sustainable construction practice due to perceive higher initial cost
known as “green cost premium” when
compared to traditional construction practice. Hence, the factors of green cost
premium that are commonly cited as a crucial barrier toward sustainable
construction practice must be investigated. Based on the analysis of the
existing literature (e.g.: conference paper, journal article), there are 27
factors, that classified into seven elements, that contribute to the cost
differential. However, few studies have been conducted on green cost premium in
developing countries. Therefore, this study attempts to fill this gap and is
expected to contribute to the discussion on green cost premium to improve
sustainable construction implementation