Essa, R and Fortune, C (2006) Project price forecasting processes and pre-construction evaluation of sustainable housing association projects. In: Boyd, D (ed.) Proceedings of 22nd Annual ARCOM Conference, 4-6 September 2006, Birmingham, UK.
Abstract
Clients aim to get the maximum benefit from their construction projects. Many factors impact upon the realization of such benefits including the setting of reliable project budget estimates. Increasingly project budgets need to consider issues related to sustainability if they are to provide meaningful strategic advice for clients to use in reaching their business decisions. Sustainability can be defined as having social, economic and environmental strands. This paper is drawn from a developing PhD study in this topic area and considers relevant literature taken from the research strands identified above so as to make the case for the development of a model that encompasses the main issues related to sustainability, and cost planning. It is posited that such a model would be a useful decision aid or tool for practitioners to use in the delivery of added value services to their clients. The paper concludes by setting out an approach to the research and the preliminary results from pilot interviews conducted with experts in the field of project price forecasting and sustainability.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | budgeting; evaluation; project price forecasting; sustainability |
| Index terms: | pre-construction, budgeting, added value, interview, forecasting, estimate, sustainable housing, cost planning, construction project, practitioner |
| Subjects: | financial and cost management, project delivery, economic analysis, prediction and forecasting, practitioner, data collection methods, housing and residential development, production management, financial management |
| Topics: | Urban Studies, Roles and Professions, Cost Management, Business Strategy, Project Management, Research Practice |
| Descriptive scope: | 4 PCEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here