The Economics of Building: A Practical Guide for the Design ProfessionalBoth an introduction to economic principles as they relate to building design and a practical guide to putting these principles to effective use. It brings together a variety of specialized topics relevant to building economics, including cost estimating, life cycle costing, cost indexes, capital budgeting, decision analysis, and real estate feasibility analysis. Develops these concepts within the framework of an integrated approach to design and management decision-making, simplifying where appropriate, but never at the expense of intellectual content. Incorporating a number of sample spreadsheet models, The Economics of Building is a practical resource and guide to the financial assessment of planning, design, and management decisions about buildings. |
Contents
The Decision Process in a Changing Context | 11 |
Concepts of Value | 19 |
The Time Value of Money | 29 |
Economic Evaluation Approaches | 39 |
Depreciation and Taxes | 61 |
Inflation Deflation and Differential Escalation | 73 |
Cost Data | 83 |
Cost Indexes | 102 |
Example | 125 |
Capital Planning and Budgeting | 135 |
Real Estate Feasibility Fundamentals | 147 |
Summary | 161 |
Concept Cost Estimating | 170 |
Systems Cost Estimating | 183 |
Discount Factor Tables | 231 |
| 241 | |
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Common terms and phrases
alternative amount annual worth approach Architecture assessment attributes base building design building systems calculated capacity 6 KSF capital budgeting capital recovery factor capitalization rate cash flows cell Chapter choices column component constant dollars cost data cost estimating cost model costs and benefits decision analysis defined depreciation charge design and management design decisions design process developed differential escalation discount factor discount rate discounted payback economic analysis example exterior wall facility Figure floor-to-floor height footcandles formulas function future sum historical cost HVAC income tax increase inflation Initial capital cost interest rate life-cycle cost analysis Lin ft Load maintenance management decisions ment method mortgage net operating income net present value operating income percent potential present value problem R. S. Means rate of return ratio real estate relatively roof selection sensitivity analysis sfFloor soil capacity specific sq ft structure Table tion trade-off games UNIFORMAT utility variables worksheet