Construction Economics

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The Economics of Construction

Author : Stephen L. Gruneberg,Noble Francis
Publisher : Economics of Big Business
Page : 196 pages
File Size : 43,8 Mb
Release : 2019
Category : BUSINESS & ECONOMICS
ISBN : 178821014X

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The Economics of Construction by Stephen L. Gruneberg,Noble Francis Pdf

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.

Construction Economics

Author : Danny Myers
Publisher : Taylor & Francis
Page : 300 pages
File Size : 40,7 Mb
Release : 2004
Category : Architecture
ISBN : 0415286395

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Construction Economics by Danny Myers Pdf

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.

Modern Construction Economics

Author : Gerard de Valence
Publisher : Routledge
Page : 322 pages
File Size : 41,7 Mb
Release : 2010-11-10
Category : Architecture
ISBN : 9781134153688

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Modern Construction Economics by Gerard de Valence Pdf

Traditional building economics has primarily been concerned with issues around project appraisal and cost management techniques. On the other hand, modern construction economics has a wider focus with stronger links to mainstream economics, reflecting an increased interest in a range of theoretical issues in construction economics, both at the macro and micro level. In Modern Construction Economics: Theory and Application, a variety of approaches are used to present a coherent vision of synthesis between industry economics and project economics. Topics covered include: developing construction economics as idustry economics competition and barriers to entry in construction innovation in construction theory testing in construction management research collusion and corruption in the construction sector. Including contributions from academics in the UK, Sweden, Hong Kong, and Australia, this is a truly global review of a core issue for the construction industry worldwide. The result is a unique book that will push toward the development of a comprehensive theoretical framework of construction economics. This is a must-read for all serious students of construction economics, and all practitioners looking for a deeper understanding of their industry.

Construction Supply Chain Economics

Author : Kerry London
Publisher : Routledge
Page : 481 pages
File Size : 51,9 Mb
Release : 2007-12-11
Category : Business & Economics
ISBN : 9781134130313

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Construction Supply Chain Economics by Kerry London Pdf

This is the first comprehensive investigation of the industrial sourcing and procurement practices throughout sixty-eight construction industry supply channels across seven major commodity sectors at all levels. London presents real-world case studies to combine theory and practice to describe the economic structural and behavioural characteristics of sectors integral to the construction industry performance. Construction Supply Chain Economics details 'everyday' experiences and procurement decisions made by people in firms in the industry related to projects as they seek out other firms to work with during the tendering stage. London creates a language that enables us to classify and understand behaviour and recognise the impact of our decisions on firms and projects within the industry. Construction Supply Chain Economics introduces a new model for mapping the construction sector of particular interest to construction management and economic researchers and to procurement decision makers, including policymakers and clients, as well as industry practitioners, such as contractors, consultants and materials suppliers.

Economic Theory and the Construction Industry

Author : Patricia M. Hillebrandt
Publisher : Springer
Page : 239 pages
File Size : 53,6 Mb
Release : 1974-06-18
Category : Business & Economics
ISBN : 9781349019274

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Economic Theory and the Construction Industry by Patricia M. Hillebrandt Pdf

Construction Economics

Author : Danny Myers
Publisher : Routledge
Page : 354 pages
File Size : 49,9 Mb
Release : 2013
Category : Architecture
ISBN : 9780415527781

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Construction Economics by Danny Myers Pdf

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.

The Economics of the Construction Industry

Author : Gerald Finkel
Publisher : Routledge
Page : 176 pages
File Size : 46,6 Mb
Release : 2015-02-24
Category : Business & Economics
ISBN : 9781317457275

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The Economics of the Construction Industry by Gerald Finkel Pdf

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.

Construction Economics

Author : Stephen Gruneberg
Publisher : Bloomsbury Publishing
Page : 287 pages
File Size : 42,6 Mb
Release : 1997-11-11
Category : Business & Economics
ISBN : 9781349139989

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Construction Economics by Stephen Gruneberg Pdf

This book deals with the economics of construction at three levels: the industry, the firm and the project. It is intended for a broad range of undergraduate students of the built environment - architect, surveyor, engineer. It is divided into three parts: the first deals with the construction industry, its economic development, structure and role in the economy. Construction is seen as a production process. Part 2 covers the practical management of firms and examines costs, revenues and markets from the point of view of economists and managers. Part 3 deals with strategic decision making involved in property development and project appraisal and looks at feasibility studies. It links the economics of the production process of construction to the economics of its output, namely the buildings and structures of the built environment.

Construction Equipment Economics V2

Author : Mike Vorster
Publisher : Unknown
Page : 128 pages
File Size : 55,7 Mb
Release : 2021-06-30
Category : Electronic
ISBN : 0578903059

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Construction Equipment Economics V2 by Mike Vorster Pdf

A desk book for practicing professionals in the management of mobile equipment in construction, mining and forrestry.

Modern Construction Economics

Author : Gerard de Valence
Publisher : Routledge
Page : 233 pages
File Size : 40,8 Mb
Release : 2010-11-10
Category : Architecture
ISBN : 9781134153695

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Modern Construction Economics by Gerard de Valence Pdf

Modern construction economics has a wider focus than was previously the case, with stronger links to mainstream economics reflecting increasing interest in a range of theoretical issues. This book brings together the essential reviews of this trend and pushes towards the development of a comprehensive theoretical framework for construction economics.

Research Companion to Construction Economics

Author : Ofori, George
Publisher : Edward Elgar Publishing
Page : 576 pages
File Size : 51,5 Mb
Release : 2022-03-15
Category : Business & Economics
ISBN : 9781839108235

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Research Companion to Construction Economics by Ofori, George Pdf

This innovative Research Companion considers the history, nature and status of construction economics, and its need for development as a field in order to be recognised as a distinct discipline. It presents a state-of-the-art review of construction economics, identifying areas for further research.

The Construction Industry

Author : George Ofori
Publisher : NUS Press
Page : 252 pages
File Size : 54,5 Mb
Release : 1990
Category : Business & Economics
ISBN : 9971691485

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The Construction Industry by George Ofori Pdf

This basic text offers a comprehensive and fundamental description of the construction industry and the construction process, citing examples from several countries at various stages of development. It considers the features of the industry, describes factors influencing the demand for, and supply of construction, problems facing the industry and ways of planning for and managing its development.The book should be a basic source of information on the construction industry for undergraduate and postgraduate courses in architecture, construction management, quantity surveying, related engineering fields and estate management. It should also be of relevance to administrators of the construction industry.

Building Economics: Theory and Practice

Author : Rosalie Ruegg,Harold Marshall
Publisher : Springer Science & Business Media
Page : 492 pages
File Size : 52,7 Mb
Release : 2013-11-11
Category : Technology & Engineering
ISBN : 9781475746884

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Building Economics: Theory and Practice by Rosalie Ruegg,Harold Marshall Pdf

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.

The Economics of the Modern Construction Sector

Author : G. Ive,S. Gruneberg
Publisher : Springer
Page : 275 pages
File Size : 55,8 Mb
Release : 2000-07-31
Category : Business & Economics
ISBN : 9780230510913

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The Economics of the Modern Construction Sector by G. Ive,S. Gruneberg Pdf

This book will be of interest to built environment professionals and to students of the economics and management of the built environment. It shows the value of integrating ideas and data about the production of the built environment as an industrial process with theories and data about the demand for construction. The approach taken is institutional and post-Keynesian, and illuminates an important and distinctive sector of the economy, embracing design, construction and property industries. This book offers some new and important perspectives for research and teaching in construction economics and management.

Design and the Economics of Building

Author : D. Jaggar,R R Morton
Publisher : Taylor & Francis
Page : 407 pages
File Size : 49,7 Mb
Release : 2003-09-02
Category : Architecture
ISBN : 9781135823788

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Design and the Economics of Building by D. Jaggar,R R Morton Pdf

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.