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Author: Stephen L. Gruneberg
Publisher: Economics of Big Business
ISBN: 9781788210140
Category : BUSINESS & ECONOMICS
Languages : en
Pages : 196
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Book Description
The construction of housing, commercial property, and infrastructure projects--roads, bridges, tunnels, railways, airports--for both the private and public sectors is one of the biggest industries in the world. It contributes around 10 per cent of world GDP, employs 7 per cent of the global workforce, and consumes around 20 per cent of the world's energy (and generates a third of the world's CO2 emissions). So important is the contruction industry that it is widely seen as the best indicator of a national economy's health. Stephen Gruneberg and Noble Francis, two of the UK's leading construction economists, present an up-to-date analysis of the construction industry's business model and the risks and challenges the industry faces in the twenty-first century. The book explores the many distinctive features of the economics of the industry, such as how firms use cost-reduction rather than profit maximizing behavior, the processes of tendering and procurement, and the often cyclical nature of demand. Some of the issues touched on include the nature of the government-client relationship, the difference between commissioned and speculative construction development, operating as well as building infrastructure, the advantages of off-site construction, the demand for green and sustainable construction, and the competition from government-backed Chinese companies in major infrastructure projects. As well as examining industry-wide issues, the book looks at how individual projects are costed. These can range from the construction of Dubai's Yas Island or Heathrow's third runway, to the construction of a local hospital, or a residential housing estate. Finance, cash flow, cost overruns, and labor relations are all shown to be fundamental to completing a project on time and within budget, regardless of size. The book offers authoritative analysis and expert insight to provide a survey suitable for students in both business schools and departments of architecture and the built environment.
Author: Stephen L. Gruneberg
Publisher: Economics of Big Business
ISBN: 9781788210140
Category : BUSINESS & ECONOMICS
Languages : en
Pages : 196
Get Book Here
Book Description
The construction of housing, commercial property, and infrastructure projects--roads, bridges, tunnels, railways, airports--for both the private and public sectors is one of the biggest industries in the world. It contributes around 10 per cent of world GDP, employs 7 per cent of the global workforce, and consumes around 20 per cent of the world's energy (and generates a third of the world's CO2 emissions). So important is the contruction industry that it is widely seen as the best indicator of a national economy's health. Stephen Gruneberg and Noble Francis, two of the UK's leading construction economists, present an up-to-date analysis of the construction industry's business model and the risks and challenges the industry faces in the twenty-first century. The book explores the many distinctive features of the economics of the industry, such as how firms use cost-reduction rather than profit maximizing behavior, the processes of tendering and procurement, and the often cyclical nature of demand. Some of the issues touched on include the nature of the government-client relationship, the difference between commissioned and speculative construction development, operating as well as building infrastructure, the advantages of off-site construction, the demand for green and sustainable construction, and the competition from government-backed Chinese companies in major infrastructure projects. As well as examining industry-wide issues, the book looks at how individual projects are costed. These can range from the construction of Dubai's Yas Island or Heathrow's third runway, to the construction of a local hospital, or a residential housing estate. Finance, cash flow, cost overruns, and labor relations are all shown to be fundamental to completing a project on time and within budget, regardless of size. The book offers authoritative analysis and expert insight to provide a survey suitable for students in both business schools and departments of architecture and the built environment.
Author: Robert E. Johnson
Publisher: John Wiley & Sons
ISBN: 9780471622017
Category : Technology & Engineering
Languages : en
Pages : 268
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Book Description
Both an introduction to economic principles as they relate to building design and a practical guide to putting these principles to effective use. It brings together a variety of specialized topics relevant to building economics, including cost estimating, life cycle costing, cost indexes, capital budgeting, decision analysis, and real estate feasibility analysis. Develops these concepts within the framework of an integrated approach to design and management decision-making, simplifying where appropriate, but never at the expense of intellectual content. Incorporating a number of sample spreadsheet models, The Economics of Building is a practical resource and guide to the financial assessment of planning, design, and management decisions about buildings.
Author: D. Jaggar
Publisher: Taylor & Francis
ISBN: 1135823782
Category : Architecture
Languages : en
Pages : 407
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Book Description
A textbook on design economics for students of architecture, building and quantity surveying, it examines the links between design and the costs of building as well as more general economic issues and their significance for designers and builders.
Author: Ivor H. Seeley
Publisher:
ISBN: 9780333350386
Category : Bouery
Languages : en
Pages : 304
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Book Description
Author: Gerald Finkel
Publisher: Routledge
ISBN: 1317457277
Category : Business & Economics
Languages : en
Pages : 229
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Book Description
The American construction industry, reponsible for nearly 4% of the nation's Gross Domestic Product, directly employs over five million people and provides millions of additional support jobs in related fields. This book provides an introductory overview of the economic aspects of the industry, including the historical development of building activity from earliest times to modern day market-based construction, including the work of individual artisans to complex construction unions. The book explores current trends in labor force participation; the measurement of industry performance; the determinants of investment; government involvement; competition; wage determination; training; and worker safety.
Author: Rosalie Ruegg
Publisher: Springer Science & Business Media
ISBN: 1475746881
Category : Technology & Engineering
Languages : en
Pages : 492
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Book Description
We no longer build buildings like we used to nor do we pay for them in the same way. Buildings today are no longer only shelter but are also life support systems, communication terminals, data manufacturing centers, and much more. Buildings are incredibly expensive tools that must be constantly adjusted to function efficiently. The economics of building has become as complex as its design. When buildings were shelter they lasted longer than their builders. The av erage gothic master mason lived 35 or 40 years. Cathedrals took 3 or 4 hundred years to build. Cost estimates were verified by great great grandchildren of the original designer. Today, creative economics has become as important as creative design and creative building. The dient brings builder, contractor, architect, and facilities manager to account in their life time. The cost of building can therefore no longer be left to chance or act of god. Solutions are no longer as ingeniously simple as those proposed by a Flor entine builder early in the 15th century. He proposed to center the dome of S. Maria deI Fiore on a great mound of earth mixed with pennies. When the job was done street urchins would carry away the dirt in their search for the pennies. This was a serious suggestion offered by an early construction manager before Brunelleschi solved the problem more sensibly.
Author: Danny Myers
Publisher: Taylor & Francis
ISBN: 9780415286398
Category : Architecture
Languages : en
Pages : 300
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Book Description
Students across a wide range of disciplines, ranging from construction management and construction engineering through to architecture, property and surveying should find this an invaluable textbook.
Author: John Raftery
Publisher: Wiley-Blackwell
ISBN: 9780632029174
Category : Building
Languages : en
Pages : 211
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Book Description
Author: Colleen Layton
Publisher: The Economics of Place
ISBN: 0615475558
Category : Business & Economics
Languages : en
Pages : 93
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Book Description
Author: Ann Brysbaert
Publisher:
ISBN: 9789088906978
Category : Social Science
Languages : en
Pages : 285
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Book Description
In many societies monuments are associated with dynamic socio-economic and political processes that these societies underwent and/or instrumentalised. Due to the often large human and other resources input involved in their construction and maintenance, such constructions form an useful research target in order to investigate both their associated societies as well as the underlying processes that generated differential construction levels. Monumental constructions may physically remain the same for some time but certainly not forever. The actual meaning, too, that people associate with these may change regularly due to changing contexts in which people perceived, assessed, and interacted with such constructions.These changes of meaning may occur diachronically, geographically but also socially. Realising that such shifts may occur forces us to rethink the meaning and the roles that past technologies may play in constructing, consuming and perceiving something monumental. In fact, it is through investigating the processes, the practices of building and crafting, and selecting the specific locales in which these activities took place, that we can argue convincingly that meaning may already become formulated while the form itself is still being created. As such, meaning-making and -giving may also influence the shaping of the monument in each of its facets: spatially, materially, technologically, socially and diachronically.This volume varies widely in regional and chronological focus and forms a useful manual to studying both the acts of building and the constructions themselves across cultural contexts. A range of theoretical and practical methods are discussed, and papers illustrate that these are applicable to both small or large architectural expressions, making it useful for scholars investigating urban, architectural, landscape and human resources in archaeological and historical contexts. The ultimate goal of this book is to place architectural studies, in which people's interactions with each other and material resources are key, at the crossing of both landscape studies and material culture studies, where it belongs.
