Economics of Property Management: The Building as a Means of Production  book cover
1st Edition

Economics of Property Management: The Building as a Means of Production

ISBN 9780367578787
Published June 30, 2020 by Routledge
212 Pages

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Book Description

The economic analysis of a building is a complex subject and traditionally it has focused on a single aspect of the structure or a single part of the construction process. Dr Tempelmans Plat is a leading proponent of a new methodology which focuses on the building as a stock of services to be supplied over a long lifespan. This method is more realistic since it takes into account the changes in use and the adaptation of the building over its life. This book will be the first to make this method comprehensible to a wide audience of postgraduate students and professionals in the field of construction economics.

Table of Contents

INTRODUCTION, Structure of the book, Part One: PRODUCTION OF A BUILDING AND USE OF ITS SERVICES, Chapter I.1. Introduction, Chapter I.2. Use of a Building as Means to the Ultimate Goal, Chapter I.3. Service and Technical Solution, Chapter I.4. Levels in the Built Environment, Chapter I.5. Agents in the Building Process, Chapter I.6. Time and Change: Relating Money, Technique and Environment, Chapter I.7. Summary, Part Two: COST CALCULATION AND VALUATION AS BASIS FOR DECISION-MAKING - A THEORETICAL FRAMEWORK, Chapter II.1. Introduction, Chapter II.2. Short Planning Period Versus Long Life Span, Chapter II.3. Annual Cost Calculation, Chapter II.4 Property Valuation, Chapter II.5. Price Changes, Property Value and Annual Costs, Chapter II.6. Economic Description of Buildings and Services: Factory, Dwelling and Bank, Chapter II.7. Summary, Part Three CONSEQUENCES FOR AGENTS IN THE BUILDING PROCESS, Chapter III.1. Introduction, Chapter III.2. User and Facilities Manager, Chapter III.3. Investor and Property Manager, Chapter III.4. Designer and Contractor, Chapter III.5. Project developer, Quantity Surveyor, and Project Manager, Chapter III.6. Authorities, Chapter III.7. Lack of Information, Chapter III.8. Summary

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Herman Tempelmans Plat, Frank Heynick


"My overall view is that this is a very interesting book, which will make an excellent contribution to the market for such texts. " Les Ruddock, Salford University, UK

From the Foreword: "Herman Tempelmans Plat has been among the first scholars who have reflected on the economic consequences of what has become known as the 'Open Building Approach'. What he calls 'horizontal segmentation' takes into account the hierarchical structure of the large project. This book summarises his findings. Its methodology may serve many. Ultimately, builders, designers, manufacturers and users, as much as clients will benefit from a solid economic base for a more flexible and responsive built environment." N. John Habraken, Profewssor Emeritus, Massachusetts Institute of Technology, USA.