The Economics Of The Construction Industry

Author : Gerald Finkel
Publisher : Routledge
ISBN 13 : 1317457277
Total Pages : 229 pages
Book Rating : 4.75/5 ( download)

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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.

Author : Stephen L. Gruneberg
Publisher : Economics of Big Business
ISBN 13 : 9781788210140
Total Pages : 196 pages
Book Rating : 4.4X/5 ( download)

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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.

Author : George Ofori
Publisher : NUS Press
ISBN 13 : 9789971691486
Total Pages : 252 pages
Book Rating : 4.85/5 ( download)

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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.

Author : Patricia M. Hillebrandt
Publisher :
ISBN 13 :
Total Pages : 256 pages
Book Rating : 4.58/5 ( download)

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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.

Author : Kerry London
Publisher : Routledge
ISBN 13 : 1134130317
Total Pages : 481 pages
Book Rating : 4.13/5 ( download)

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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.

Author : Michael Ball
Publisher : Routledge
ISBN 13 : 1317811453
Total Pages : 230 pages
Book Rating : 4.59/5 ( download)

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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.

Author : G. Ive
Publisher : Springer
ISBN 13 : 0230510914
Total Pages : 275 pages
Book Rating : 4.13/5 ( download)

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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.

Author : Low Sui Pheng
Publisher : Springer
ISBN 13 : 9811358478
Total Pages : 268 pages
Book Rating : 4.70/5 ( download)

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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.

Author : Danny Myers
Publisher : Taylor & Francis
ISBN 13 : 9780415286398
Total Pages : 300 pages
Book Rating : 4.95/5 ( download)

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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.

Author : Patricia M. Hillebrandt
Publisher : Springer
ISBN 13 : 1349179345
Total Pages : 226 pages
Book Rating : 4.43/5 ( download)

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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: