Housing and Space Management

Housing And Space Management 3(2+1)

Lesson 27 : Economy In Cost Of Construction

Importance Of Economy In Cost Of Construction

• Affordable housing is a term used to describe dwelling units whose total housing costs is within the means of the person to own
• Every owner wants a cost-effective building without compromising on the quality.
• The economics of building has become as complex as its design
• An economically efficient housing project is likely to have one or more benefits in terms of finance management, facilities management, material management, labour management and energy management.
• A building can last for decades or even centuries, if the project is undertaken with due consideration to its life-cost.