Building Economics: Theory and Practice

Building Economics: Theory and Practice

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We no longer build buildings like we used to nor do we pay for them in the same way. Buildings today are no longer only shelter but are also life support systems, communication terminals, data manufacturing centers, and much more. Buildings are incredibly expensive tools that must be constantly adjusted to function efficiently. The economics of building has become as complex as its design. When buildings were shelter they lasted longer than their builders. The av erage gothic master mason lived 35 or 40 years. Cathedrals took 3 or 4 hundred years to build. Cost estimates were verified by great great grandchildren of the original designer. Today, creative economics has become as important as creative design and creative building. The dient brings builder, contractor, architect, and facilities manager to account in their life time. The cost of building can therefore no longer be left to chance or act of god. Solutions are no longer as ingeniously simple as those proposed by a Flor entine builder early in the 15th century. He proposed to center the dome of S. Maria deI Fiore on a great mound of earth mixed with pennies. When the job was done street urchins would carry away the dirt in their search for the pennies. This was a serious suggestion offered by an early construction manager before Brunelleschi solved the problem more sensibly.Present value savings from attic insulation in 1, 200 fta€ house in Washington D.C. R Value Present Value Savings ($) R-11 2, 837 R-19 3, 293 R-30 3, 585 R-38 3, 699 To generate a range of costs for sensitivity analysis, ... If you see 50% discounts on prices of installed insulation, for example, cut cost projections in half , as shown in the low-cost column in Table 23-4. ... Now perform sensitivity analysis by calculating present value NS for the low-, medium-, and high-cost scenarios. To doanbsp;...

Title:Building Economics: Theory and Practice
Author:Rosalie Ruegg, Harold Marshall
Publisher:Springer Science & Business Media - 2013-11-11


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