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Intro to Building Economic; Chapter 1 - Coggle Diagram
Intro to Building Economic; Chapter 1
Intro
refer to development and construction activities, only involve development and construction parties.
contractor
architech
engineer
quantity surveyor
developer
cons. activities are wide
develop process is more than design and develop
development and construction involve many parties, different process and phases and district work stages
success in development and construction
management quality
finance
organizational performance(parties)
science and technology
sophisticated approach
Definition(1)
use of techniques and expertise in cons. industry
study of cons. organization
cons. process
supply of labour and metarial
What is economic?
choice on how resource are utilised or allocated
scientific study on people's in relationship to scare resource with various use
study of how human and society make a choice that become scare day by day
Cons. economic
related to human needs
protection
comfort
suitable place to live
the effective use of resource must be guaranteed to increase industry cons. work
Economic practitioners
main objective
allocation of scare resource of eco. practitioner to fulfill basic human needs
as an adviser that give advice and view to get best value foe client money
Definition(2)
Why?
A cons. is unique and involve many differ; perties
characteristics
physical condition of product
building product in order to advance
building component produced by other company
determination of demand
cons. product/building itself
a place to manufacture(factories/office)
improve nation infrastructure(highway/airports)
sosial & welfare(hosp./school)
comfort(house)
method determine price
fix by client on building product varies & influence by various factors
land cost
infra & cons. cost
finance
taxes
industrial structure & org. process
component largely produced by other industries
product produced influence industry's structure
parties involve from project interception until building handed to client
designer
construction
Importance
size of GDP
the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period.
provide building for invest
type
personal use
investment (rent)
commonly in cons. industry
factories/school
good investment high in comparison with buyer income
building value increase in time
provide job opportunities
need high rate of workforce
cons. process need intensive employment of workers
gov. as main client
gov have objective in cons, industry
distributes company income to improve country's wealth
has right to direct control demand on the industry
Terminology
Bond, Capital, Export, Import, Inflation,
Interest, Tarif, Saving
Cost management, Cost planning, Cost data, Cost analysis
Cost control, Cost estimate, Cost modelling, Deflation
GDP, Productivity, Share, Surplass
Good, Finance, Mortgage, Investment
Cost, Price, Profit, Value, Profitablity, Fearsibility
Viability, Deprecation,
Cost management
pre-contract
cost plan
cost check
priminary estimate
post contract
tender reconciliation
contract cost control