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30 Αυγ 2024 · The construction industry is unique, complex and often fragmented. The chapter covers the characteristics of the industry's products and its importance as an economic regulator. Key stakeholders in the industry – design teams, clients and contractors – are highlighted.
9 Ιαν 2019 · At one extreme, construction is referred to as an economic activity that involves the entire construction process from producing raw and manufactured building materials and components, and providing professional services such as design and project management, to executing the physical work on site. Download chapter 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.
This chapter defines the subject area of economics and discusses the nature of the basic economic problem. It shows that the study of economics is relevant to those interested in construction. Many people think of building as a temporary inconvenience, with the work taking place on a construction site for a relatively short period. For
15 Μαρ 2022 · Construction Economics is an essential field of knowledge because of the importance of the construction industry in creating the infrastructure necessary for all activities, leading to economic growth and national development; and the uniqueness of the construction process and products.
Construction, which encompasses real estate, infrastructure, and industrial structures, is the largest industry in the global economy, accounting for 13 percent of the world’s GDP. A closer look at its underlying performance highlights the industry’s challenges in good economic times, let alone in times of crisis. We
In the chapter on ‘The nature of construction economics’, De Valence suggests that it is chal-lenging to define construction economics because of the range of topics associated with the production and maintenance of the built environment, the economic role of the construction
