Economic Context, Policy Environment and the Changing Role of Design Economists

Book chapter


Robinson, HS and Symonds, B (2015). Economic Context, Policy Environment and the Changing Role of Design Economists. in: Robinson, H, Symonds, B, Gilbertson, B and Ilozor, B (ed.) Design Economics for the Built Environment: Impact of Sustainability on Project Evaluation Oxford Wiley-Blackwell. pp. 3-15
AuthorsRobinson, HS and Symonds, B
EditorsRobinson, H, Symonds, B, Gilbertson, B and Ilozor, B
Abstract

Construction projects are essential for industrial development, business growth and economic transformation However, major industry reviews and current challenges in the UK construction industry have identified a number of problems forcing both construction firms and their clients to reconsider the way they procure and manage projects. A number of criticisms have also been directed specifically at quantity surveying firms assuming the role of economists focusing on cost management and a range of services to provide value for money for clients of the construction industry. This chapter provides the economic context for construction projects, examines the policy environment and underlying implications for design economists. First, the role of construction in economic development is explored followed by a discussion of the global construction market, the drive towards international trade and the internationalisation of construction services. Second, the policy environment is examined and policy measures to stimulate construction investment are discussed with examples of how fiscal, monetary and industry specific policies affect construction processes, resource markets which in turn affect construction costs. Third, the role of the design economists in responding to the policy environment and increasingly complex challenges to reduce social and environmental costs, as well as economic costs through efficiency, and productivity are discussed. Throughout the chapter, reference is made to how various sections or subsequent chapters relate to the current, emerging and the future role of the design economists in applying theories and principles, and developing practical tools and techniques to respond to new challenges and policy initiatives influenced by the global and national agenda such as climate change, sustainability and building information modelling (BIM).

Page range3-15
Year2015
Book titleDesign Economics for the Built Environment: Impact of Sustainability on Project Evaluation
PublisherWiley-Blackwell
Place of publicationOxford
Edition1
ISBN978-0-470-65909-0
Publication dates
Print15 May 2015
Publication process dates
Deposited24 Nov 2018
Accepted06 Feb 2015
Web address (URL)https://www.wiley.com/en-gb/Design+Economics+for+the+Built+Environment:+Impact+of+Sustainability+on+Project+Evaluation-p-9780470659090
Accepted author manuscript
License
Permalink -

https://openresearch.lsbu.ac.uk/item/876vy

Download files

  • 387
    total views
  • 224
    total downloads
  • 0
    views this month
  • 0
    downloads this month

Export as

Related outputs

Infrastructure Development in the UK: Key Drivers and Implementation Challenges
Seidu, R.D, Robinson, H., Young, B., Ryan, M. and Fong, D. (2023). Infrastructure Development in the UK: Key Drivers and Implementation Challenges. Journal of Infrastructure Policy and Management (JIPM). 6 (1), pp. 33 - 51. https://doi.org/10.35166/jipm.6.1.33-51
Improving affordable housing delivery through the reduction of rework in the supply chain
Shahparvari, M., Robinson, H., Fong, D. and Ebohon, O. (2023). Improving affordable housing delivery through the reduction of rework in the supply chain. The case of affordable housing: a global perspective on financing and institutional ownership. University College London, London 12 - 12 Sep 2019 UCL.
Sustainable Approach for the Replacement of Water Mains: Environmental, Social and Economic Considerations.
Young, B.E, Seidu, R.D, Kelani, A, Robinson, H., Ebohon, O. and Madanayake, U. (2021). Sustainable Approach for the Replacement of Water Mains: Environmental, Social and Economic Considerations. Association of Schools of Construction of Southern Africa (ASOCSA) 15th Built Environment on CONSTRUCTION IN 5D: DECONSTRUCTION, DIGITALIZATION, DISRUPTION, DISASTER, DEVELOPMENT Conference. . DURBAN, SOUTH AFRICA 27 - 28 Sep 2021
Cost Changes in UK Design and Build Projects
Young, B.E, Seidu, R., Ponsford, S, Robinson, H. and Adamu, Z. (2021). Cost Changes in UK Design and Build Projects. Journal of Emerging Trends in Economics and Management Sciences. 12 (1), pp. 49 - 57. https://doi.org/2141-702
The impact of infrastructure investment on economic growth in the United Kingdom
Seidu, R.D., Young, B., Robinson, H. and Michael, R. (2020). The impact of infrastructure investment on economic growth in the United Kingdom. Journal of Infrastructure, Policy and Development. 4 (2), pp. 217-227. https://doi.org/10.24294/jipd.v4i2.1206
Innovative Changes in Quantity Surveying Practice through BIM, Big Data, Artificial Intelligence and Machine Learning
Seidu, RD, Young, BE, Clack, J, Adamu, Z and Robinson, H (2020). Innovative Changes in Quantity Surveying Practice through BIM, Big Data, Artificial Intelligence and Machine Learning. Applied Science University Journal of Natural Science.. 4 (1), pp. 37-47. https://doi.org/10.18576/asuj/040105
Mechanical and electrical (m&e) training for quantity surveyors to contribute to carbon reduction in buildings
Seidu, RD, Young, BE, Thayaparan, M, Rodmell, S and Robinson, H (2019). Mechanical and electrical (m&e) training for quantity surveyors to contribute to carbon reduction in buildings. 8th World Construction Symposium. University of Moratuwa. https://doi.org/10.31705/wcs.2019.45
Mind the Gap: Skills Shortage within the UK Construction Industry
Seidu, R.D., Young, B.E., James, D., Robinson, H. and O'Toole, J. (2019). Mind the Gap: Skills Shortage within the UK Construction Industry. International Conference on Innovation, Technology, Enterprise and Entrepreneurship icitee 2019. AI-Ekir, Kingdom of Bahrain 24 - 25 Nov 2019
Innovative changes in Quantity Surveying Practice through BIM, Big Data, Artificial Intelligence and Machine Learning.
Seidu, R.D., Young, B.E., Clack, J., Adamu, Z. and Robinson, H. (2019). Innovative changes in Quantity Surveying Practice through BIM, Big Data, Artificial Intelligence and Machine Learning. the International Conference on Innovation, Technology, Enterprise and Entrepreneurship (ICITEE) 2019. AI-Ekir, Kingdom of Bahrain 24 - 25 Nov 2019
Exploiting automated technologies for reduction of rework in construction housing supply chain
Shahparvari, M., Robinson, H., Fong, D. and Ebohon, O. (2019). Exploiting automated technologies for reduction of rework in construction housing supply chain. Creative Construction Conference 2019. Budapest, Hungary 29 Jun - 02 Jul 2019 https://doi.org/10.3311/CCC2019-008
Driving Construction Health and Safety Through Procurement Strategy.
Young, B., Seidu, RD, Nganga, D, Robinson, H and Ebohon, J O (2019). Driving Construction Health and Safety Through Procurement Strategy. Association of Researchers in Construction Safety, Health, and Well-being (ARCOSH). Cape Town, South Africa 03 - 04 Jun 2019
Sustainable Solutions to Dampness in Building: A Case Study of Selected Period Properties in England.
Seidu, RD, Young, B., Nemcic, D, Robinson, H and Ebohon, J O (2019). Sustainable Solutions to Dampness in Building: A Case Study of Selected Period Properties in England. Association of Researchers in Construction Safety, Health, and Well-being (ARCOSH). Cape Town, South Africa. 03 - 04 Jun 2019
New Approaches and Rules of Measurement for Cost Estimating and Planning
Robinson, HS, Symonds, B and Barnes, P (2015). New Approaches and Rules of Measurement for Cost Estimating and Planning. in: Robinson, H, Symonds, B, Gilbertson, B and Ilozor, B (ed.) Design Economics for the Built Environment: Impact of Sustainability on Project Evaluation Oxford Wiley-Blackwell. pp. 31-44
Achieving Zero Carbon in Sustainable Communities
Robinson, HS and Jacewicz, M (2015). Achieving Zero Carbon in Sustainable Communities. in: Robinson, H, Symonds, B, Gilbertson, B and Ilozor, B (ed.) Design Economics for the Built Environment: Impact of Sustainability on Project Evaluation Oxford Wiley-Blackwell. pp. 201-211
Environmental Assessment Tools: An Overview of the UK’s BREEAM and the US’s LEED
Robinson, HS, Ina, C and Ilozor, B (2015). Environmental Assessment Tools: An Overview of the UK’s BREEAM and the US’s LEED. in: Robinson, H, Symonds, B, Gilbertson, B and Ilozor, B (ed.) Design Economics for the Built Environment: Impact of Sustainability on Project Evaluation Oxford Wiley-Blackwell. pp. 177-190
Appraisal of Design to Determine Viability of Development Schemes
Robinson, HS (2015). Appraisal of Design to Determine Viability of Development Schemes. in: Robinson, H, Symonds, B, Gilbertson, B and Ilozor, B (ed.) Design Economics for the Built Environment: Impact of Sustainability on Project Evaluation Oxford Wiley-Blackwell. pp. 61-77
Reusing knowledge and leveraging technology to reduce design and construction costs
Robinson, HS and Udeaja, C (2015). Reusing knowledge and leveraging technology to reduce design and construction costs. in: Robinson, H, Symonds, B, Gilbertson, B and Ilozor, B (ed.) Design Economics for the Built Environment Impact of Sustainability on Project Evaluation Oxford Wiley. pp. 229-237
Theories and Principles of Design Economics
Robinson, HS and Symonds, B (2015). Theories and Principles of Design Economics. in: Robinson, H, Symonds, B, Gilbertson, B and Ilozor, B (ed.) Design Economics for the Built Environment Impact of Sustainability on Project Evaluation Oxford Wiley. pp. 16-27
Sustainable Design, Innovation and Competitiveness in Construction Firms
Robinson, HS and Amos, A (2015). Sustainable Design, Innovation and Competitiveness in Construction Firms. in: Robinson, H, Symonds, B, Gilbertson, B and Ilozor, B (ed.) Design Economics for the Built Environment Impact of Sustainability on Project Evaluation Oxford Wiley. pp. 336-353
Procurement and Contract Strategy: Risks Allocation and Construction Cost
Robinson, HS and Adriaanse, J (2015). Procurement and Contract Strategy: Risks Allocation and Construction Cost. in: Robinson, H, Symonds, B, Gilbertson, B and Ilozor, B (ed.) Design Economics for the Built Environment Impact of Sustainability on Project Evaluation Oxford Wiley. pp. 121-133
The real estate manager: towards a financial knowledge and skills framework for professional development
Ogbenjuwa, L., Egbu, C. and Robinson, H. (2018). The real estate manager: towards a financial knowledge and skills framework for professional development. International Conference on Professionalism and ethics in Construction. London 21 - 22 Nov 2018 London South Bank University. https://doi.org/10.18744/CONF.2018033
Exploring the relationship between materials procurement and waste minimization in the construction industry: the case of Egypt
Daoud, AO, Othman, AA, Robinson, H and Bayati, A (2018). Exploring the relationship between materials procurement and waste minimization in the construction industry: the case of Egypt. International Conference on Sustainability, Green Buildings, Environmental Engineering & Renewable Energy (SGER 2018). Kuala Lumpur, Malaysia 27 Jan 2018
Towards a green materials procurement: investigating the Egyptian green pyramid rating system
Daoud, AO, Othman, A, Robinson, H and Bayati, A (2018). Towards a green materials procurement: investigating the Egyptian green pyramid rating system. 3rd International Green Heritage Conference. Cairo 06 - 08 Mar 2018
Corporate governance and investment decision-making in real estate investment trusts (REITs)
Omokhomion, I, Egbu, C and Robinson, H (2018). Corporate governance and investment decision-making in real estate investment trusts (REITs). RICS COBRA 2018 Conference. London 23 - 24 Apr 2018
A strategic approach to real estate financing: challenges & opportunities in real estate financing in Nigeria
Ogbenjuwa, L, Egbu, C and Robinson, H (2018). A strategic approach to real estate financing: challenges & opportunities in real estate financing in Nigeria. RICS COBRA Conference 2018. London 23 - 24 Apr 2018
Shortages of skills & competences; constraint to private sector real estate funding in the emerging economies
Ogbenjuwa, L, Egbu, C and Robinson, H (2018). Shortages of skills & competences; constraint to private sector real estate funding in the emerging economies. 34th ARCOM Conference. Belfast 03 - 05 Sep 2018
Real Estate Investment Trusts (REITs): Management Structure and Performance
Omokhomion, I, Egbu, C and Robinson, H (2018). Real Estate Investment Trusts (REITs): Management Structure and Performance. International Journal of Real Estate And Land Planning. 1, pp. 143-154.
A skilled manager, strategic to real estate financing
Ogbenjuwa, L, Egbu, C and Robinson, H (2018). A skilled manager, strategic to real estate financing. International Journal of Real Estate And Land Planning. 1, pp. 106-115.
Cost of Fire in Highrise Building
Seidu, RD, Robinson, H and Young, B. (2018). Cost of Fire in Highrise Building. International Conference on Professionalism and ethics in Construction. London 21 - 22 Nov 2018
Healthcare Facilities in Nigeria: Redefining Standards and Developing Performance Benchmarks for the Professionalisation of FM Practices, Professionalism and ethics in construction: Improving the global industry
Oseni, W, Robinson, H and Fong, D (2018). Healthcare Facilities in Nigeria: Redefining Standards and Developing Performance Benchmarks for the Professionalisation of FM Practices, Professionalism and ethics in construction: Improving the global industry. CIB TG95 Conference: Professionalism and ethics in construction: Improving the global industry. London 21 - 22 Nov 2018 https://doi.org/10.18744/CONF.2018005
Creative and Innovative Financing – An Approach to Financing a Sustainable Real Estate Project Environment
Ogbenjuwa, L., Egbu, C. and Robinson, H. (2017). Creative and Innovative Financing – An Approach to Financing a Sustainable Real Estate Project Environment. International Conference on Sustainable Futures- ICSF 2017. Bahrain 26 - 27 Nov 2017 London South Bank University.
Team Relationship and Knowledge Management in Construction Projects in Thailand Part 2: Network Relationship Analysis Using UCINET Software
Boonyanan, A., Robinson, H., Naoum, S. and Fong, D. (2013). Team Relationship and Knowledge Management in Construction Projects in Thailand Part 2: Network Relationship Analysis Using UCINET Software. Journal of Architectural/Planning Research and Studies. 10 (1), pp. 147-164.
Concept and Application of UCINET Software to Study Network Relationship in Construction Projects
Boonyanan, A., Robinson, H., Naoum, S. and Fong, D. (2012). Concept and Application of UCINET Software to Study Network Relationship in Construction Projects. Built Environment Research Associates Conference III. Bangkok, Thailand 25 - 25 May 2012 Faculty of Architecture and Planning, Thammasat University.
Team Relationship and Knowledge Management in Construction Projects in Thailand Part 1: Network Relationship Analysis Using UCINET Software
Boonyanan, A., Robinson, H., Naoum, S. and Fong, D. (2011). Team Relationship and Knowledge Management in Construction Projects in Thailand Part 1: Network Relationship Analysis Using UCINET Software. Journal of Architectural/Planning Research and Studies. 8 (2), pp. 139-152. https://doi.org/10.56261/jars.v8i2.168617
Relationship and knowledge management among construction development project members in Thailand: the clients' perspective
Boonyanan, A., Robinson, H., Fong, D. and Naoum, S. (2008). Relationship and knowledge management among construction development project members in Thailand: the clients' perspective. 24th Annual ARCOM Conference. Cardiff, UK 01 - 03 Sep 2008 Association of Researchers in Construction Management (ARCOM).