Otegbulu, A C and N.Onukwube, H (2007) Enhancing real estate investment through tero- value technology. In: Boyd, D (ed.) Proceedings of 23rd Annual ARCOM Conference, 3-5 September 2007, Belfast, UK.
Abstract
The concept of tero-value technology was coined from terotechnology and value management. Development viability is highly influenced by capital and recurrent cost (life cycle costing). Development market is becoming very competitive and professionals have to be innovative to survive the competition and also to give their clients value for money. Using data from a sample (n=40) of Estate Surveyors and Valuers, the influence of terotechnology and value management on development cost (both capital and recurrent) was examined. The relationship between terovalue- technology and investment viability was also investigated. A case study of one development project was examined to see the impact of terovalue technology on project viability. Analyses conducted using descriptive statistics and mean item score revealed that the use of terovalue technology in real estate investment reduces the incident of undesirable capital and recurrent cost. It is recommended that the use of terovalue technology in the administration of development projects should be encouraged as this enhances the achievement of value for money spent on such projects.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | real estate investment; tero-technology; value management |
| Index terms: | real estate investment, life cycle, valuer, becoming, case study, value-for-money, statistics, costing, competition, value management |
| Subjects: | philosophical process, market analysis, evaluation, management, accounting and finance, economic analysis, value management, data collection methods, profession, mathematical modelling |
| Topics: | Procurement, Roles and Professions, Research Practice, Project Management, Cost Management, Value Management |
| Descriptive scope: | 4 PCEA |
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