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 . This book was released on 1974 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: UK. Monograph on the economics of the construction industry - presents an economic analysis of supply and demand functions, types of cost relationship, pricing, competition, profits, etc., and covers relevant areas of economic theory. References.
Download or read book The Economics of the Construction Industry written by Gerald Finkel and published by M.E. Sharpe. This book was released on 1997 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on his years as a construction electrician and his academic training as a labor economist, Finkel (economics, State U. of New York) introduces the basic economic issues that surround the building industry. Among them are trends and directions in the industry, the role of government, union and nonunion productivity, competition and workplace control, determining wages, training, and safety concerns. Paper edition (unseen), $21.95. Annotation copyrighted by Book News, Inc., Portland, OR
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 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 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 271 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 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 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 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 Circular Economy in the Construction Industry written by Sadhan Kumar Ghosh and published by CRC Press. This book was released on 2021-12-22 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: Circular Economy in the Construction Industry is an invaluable resource for researchers, policymakers, implementers and PhD and Masters-level students in universities analyzing the present status of Construction and Demolition Wastes (C&DW) management, materials development utilizing slag, fly ash, HDPE fibre, geo-wastes, and other wastes, green concrete, soil stabilization, resource circulation in construction sectors, success in experimentation & commercial production, future needs, and future research areas. While huge C&DW is wasted by dumping, there is potential of recycling preventing greenhouse gas (GHG) emissions and environmental pollution as well as creating business opportunities. Circularity of resources in the construction industry can contribute to a more secure, sustainable, and economically sound future through proper policy instruments, management systems, and recycling by selecting the following: Supply chain sustainability and collection of C&D Wastes, Appropriate separation and recycling technology, Enforcement of policy instruments, Productivity, quality control of recycled products and intended end use, Economic feasibility as business case, commercialization, generating employment. This book addresses most of the above issues in a lucid manner by experts in the field from different countries, which are helpful for the related stakeholders, edited by experts in the field.
Download or read book A Strategic Approach to the UK Construction Industry written by Stephen Gruneberg and published by Routledge. This book was released on 2018-12-07 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: The construction industry is a microcosm of the economy as a whole, and as such the economics of the sector contains many of the aspects of the economy in general, albeit with fascinating and unique features. What are the implications of economic theory for the future of UK construction? How does the industry ensure innovation, quality and efficiency? What priorities might best serve the construction industry, those working in it and their customers? In seeking answers to these and other questions, the UK government has commissioned a number of reports on the construction industry including the Latham and Egan reports and more recently Construction 2025. These have invariably proposed time and cost targets for the construction industry. In this new book, Stephen Gruneberg stands in stark contrast to those reports and presents the relevant theoretical aspects of construction economics to account for the behaviour of construction firms and suggest a strategy for future growth and sustainability. He discusses the theory and data relating to the output of firms in relation to the type of firm, the market and how these firms behave as a result. The purpose of this book is to advocate the measures needed to create the kind of industry that must be fostered to ensure the quality of its output, sustainability and the fair terms and conditions of employment for its workforce. Gruneberg’s new book is essential reading for anyone wishing to understand the economic forces that determine industry outcomes and who has a stake in the success of the UK construction sector.
Download or read book Economics for the Modern Built Environment written by Les Ruddock and published by Routledge. This book was released on 2008-10-10 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent decades have seen a major social and economic changes across the developed world and consequent changes in the construction and property industries. The discipline of construction economics needs to respond to this. For instance, the importance of sustainable development has become recognised, as has the need to increasingly master the mediu
Download or read book Construction Industry Advance and Change written by Michael Anson and published by Emerald Group Publishing. This book was released on 2021-11-10 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Construction Industry Advance and Change: Progress in Eight Asian Economies since 1995 describes construction industry progress between 1995 and 2019, sharing information and context needed to appreciate the nature of construction industries and the factors affecting industry output performance.
Download or read book Real Estate Construction and Economic Development in Emerging Market Economies written by Raymond Talinbe Abdulai and published by Routledge. This book was released on 2015-10-23 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real Estate, Construction and Economic Development in Emerging Market Economies examines the relationships between real estate and construction sectors and explores how each sector, and the relationships between them, affect economic development in emerging market economies (EMEs). Throughout the book, the international team of contributors discuss topics as diverse as real estate finance and investment, housing, property development, construction project management, valuation, sustainability and corporate real estate. In doing so the book demonstrates how the relationship between construction and real estate impacts on economic development in countries such as Argentina, Brazil, Colombia, China, Ghana, Nigeria, Turkey, Lithuania, Hungary and Slovenia. Topics include: the role of real estate brokerage in improving the living standards of citizens; the effect of a mineral boom on construction cycles, real estate values and the socio-economic conditions of people in boom towns and cities; corporate real estate management practices and how they affect economic growth; and the synergies between construction and real estate and how they, in turn, affect economic development. This book will be of interest to those studying and researching real estate, construction, development studies, urban economics and emerging market economies.
Download or read book Waste To Profit W t P written by Linda Zikhona Linganiso and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of a circular economy in the construction sector captures global material flow through product design, inverse logistics, innovation and collaborations. The circulation of the economy takes into consideration global population influence, which affects the economy through a variety of construction product flows in particular. The increase in consumers means increasing product and services which participate in different waste streams. The emerging sustainable development in the construction industry requires the recycling of waste materials to reduce the negative environmental impact of construction activities. Accumulation and management of construction wastes is also becoming a major environmental and economical concern in many developing countries. Huge volumes of waste generated end up piled on landfill sites or illegally dumped, posing serious health and ecological problems. In the construction industry, recycling of waste concrete, masonry, cement, gypsum, to mention but a few, has become an important aspect due to the continued increase of construction wastes and depletion of natural aggregates. Why not establish a business system that is specifically designed to do much more value addition to the construction wastes and develop products which are not only in demand locally but internationally, to encourage exports for maximum financial gain. This book aims to analyze the current business model in the construction sector and the current legislation concerning waste management. It also highlights efforts required in order to refine the recycling methods in favor of a circular economy in the constuction industry. In support of a transition to a low carbon economy, different types of materials which can be produced from the construction wastes are indicated including processes which are used to obtain the final products. The market demand including penetration of the resulting products are given extensively. Policies and regulations to govern these undertakings are highlighted also. The municipalities will learn to redirect the local construction industries on how to avoid dumping at landfill sites as the space has currently become an issue. Researchers globally will learn how to go up through the Technology Readiness Levels (TRL) from basic research through prototype development and finally up to commercialization in projects related to the construction.
