Download or read book The Economics of the Construction Industry written by Gerald Finkel and published by Routledge. This book was released on 2015-02-24 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Economics of Construction written by Stephen L. Gruneberg and published by Economics of Big Business. This book was released on 2019 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Construction Industry written by George Ofori and published by NUS Press. This book was released on 1990 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Economic Theory and the Construction Industry written by Patricia M. Hillebrandt and published by Springer. This book was released on 1974-06-18 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Rebuilding Construction Routledge Revivals written by Michael Ball and published by Routledge. This book was released on 2014-03-18 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1988, this book analyses the changes that took place in the economic organisation of the British construction industry throughout the 1970s and early 1980s, in particular considering its social and economic structure and examining the causes of its poor industrial record. Michael Ball describes how the major firms survived the economic slump between 1973 and 1982 - when construction workloads collapsed - by substantially restructuring their operations, relationships with clients, workforces and subcontractors. Detailed attention is paid to construction firms, the workers they employ, the influence of trade unionism and the role of other agencies in the building process. Reissued at a particularly challenging time for the British construction industry, this relevant and practical title will be of value to students and academics of economics and social change, as well as those on courses for construction professionals.
Download or read book Construction Supply Chain Economics written by Kerry London and published by Routledge. This book was released on 2007-12-11 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Economics of the Modern Construction Sector written by G. Ive and published by Springer. This book was released on 2000-07-31 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Construction Quality and the Economy written by Low Sui Pheng and published by Springer. This book was released on 2019-01-08 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the relationship between construction quality and the state of the Singapore national economy, and describes how construction quality is affected as contracting firms strategically manage issues relating to profitability and survivability during economic boom and bust cycles. Adopting a three-pronged approach to explain the key issues, the book first explains the effect of the state of the Singapore national economy (boom or bust) on the construction quality delivered by contracting firms. Secondly, it explains how contracting firms respond to the performance of the national economy through their dynamic bidding strategies, leading to significant quality trade-offs in some instances, especially when there is imprecise market information. Thirdly, it recommends various strategic measures that key stakeholders and government policy-makers can take to circumvent the quality trade-off in the construction industry when faced with dynamic fluctuations in the performance of the national economy. Although the book focuses on Singapore, it appeals to a global audience since countries worldwide (and their respective building-related stakeholders) face the same issues in terms of the time–cost–quality trade-off decision-making process involving the entire supply chain.
Download or read book Economic Theory and the Construction Industry written by Patricia M. Hillebrandt and published by Springer. This book was released on 1985-08-29 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Construction Economics written by Danny Myers and published by Taylor & Francis. This book was released on 2004 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Economics of the Modern Construction Firm written by S. Gruneberg and published by Springer. This book was released on 2000-08-08 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a book about the whole diverse range of firms that are found in the construction sector, about their decision-making and the economic environments in which they operate. The authors aim to provide a new and coherent perspective on these firms and the choices they have to make - both for their managers and for all who have a stake in these firms and their industry. This book offers some new and important perspectives for research and teaching about construction firms.
Download or read book Building Economics written by Ivor H. Seeley and published by . This book was released on 1983 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Construction Economics written by Stephen Gruneberg and published by Bloomsbury Publishing. This book was released on 1997-11-11 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Modern Construction Economics written by Gerard de Valence and published by Routledge. This book was released on 2010-11-10 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Construction Economics written by Danny Myers and published by Routledge. This book was released on 2013-01-17 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: Construction Economics provides students with the principles and concepts underlying the relationship between economic theory and the construction industry. The New Approach adopts an argument that economics is central to government initiatives concerning sustainable construction. This edition has been revised to explain the effects of the current economic crisis on the construction industry. In addition, sections relating to less developed countries, the economics of sustainable development and theories relating to a firm's bid strategy have all been rewritten. With new data, examples, initiatives, readings, glossary items and references, the third edition of this established core text builds on the strengths of the previous edition: a clear and user-friendly style use of a second colour to highlight important definitions and formulae regular summaries of key points a glossary of key terms extensive use of tables and figures extracts from the academic journal Construction Management and Economics to consolidate and prompt discussion reviews of useful websites This invaluable textbook is essential reading across a wide range of disciplines from construction management and civil engineering to architecture, property and surveying.
Download or read book The Economics of the Construction Industry written by Geoffrey Briscoe and published by B. T. Batsford Limited. This book was released on 1988 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a textbook analyzing the economics of the construction industry and its relation to the UK economy as a whole. It includes an analysis of the economics of the individual company and the theory of the firm, the economics of supply and demand, the nature of construction markets and the economics of supplying these markets. An analysis of the investment decisions which determine demand then introduces the principles of cost-benefit analysis and financial control. The final chapter examines the factors which influence productivity within both the individual firm and the sector as a whole.
Download or read book New Perspectives on Construction in Developing Countries written by George Ofori and published by Routledge. This book was released on 2012-06-26 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing countries face the challenge of maintaining economic growth and socio-economic development, at the core of which sits the construction industry. Considerable research on construction in developing countries took place in the 1970's and 1980's, but little since, a gap which this book fills. Including contributions from prominent academics and practitioners in Australia, China, the Netherlands, Portugal, Singapore, South Africa, Switzerland, and the UK, this is a truly international analysis of a subject of global interest. The most insightful and relevant of recent research on topics such as Millennium Development Goals, the informal construction sector, human resource development, technology, finance and social change, are all addressed in the context of the construction industry in the developing world. Also considered are other key aspects of construction industry development such as institution building, nurturing of contractors and consultants and championing of industry development programmes. While the challenge has grown and the needs have become even more pressing, the research to date has rarely presented effective solutions. Focussing on those aspects of the construction industry most crucial to development, this is a much needed up-to-date study that sheds new light on a variety of concepts and issues. This is essential reading for researchers, professionals and students interested in the construction industry in developing countries. Readers of this book will be interested in its companion volume; Contemporary Issues of Construction in Developing Countries.
