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The future of building economics: a note

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  • Ranko Bon

Abstract

Building economics has been long in emerging because it still lacks solid theoretical foundations. The notion of 'building process' should play a central role in this regard, as it points at the fundamental indeterminacy underlying building activity from conception to demolition. This indeterminacy stems from the length of time that usually separates these two events. Building economics needs to shift its focus from investment decisions to problems of managing building portfolios in their entirety. The professional basis for this development is in corporate real estate and facilities management.

Suggested Citation

  • Ranko Bon, 2001. "The future of building economics: a note," Construction Management and Economics, Taylor & Francis Journals, vol. 19(3), pages 255-258.
    • Handle: RePEc:taf:conmgt:v:19:y:2001:i:3:p:255-258
    DOI: 10.1080/01446190010020354
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    Cited by:

    1. Gerard De Valence, 2006. "Building as an economic process: the Austrian approach revisited," Construction Management and Economics, Taylor & Francis Journals, vol. 24(7), pages 767-771.

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