Investors associated with the property industry require at the outset Return On Investment (ROI) evaluations before committing capital. This unit of study examines the economic principles as they apply to buildings, from capital growth and life cycle management perspectives. The focus is on economic and financial practices required for high performing building assets, contract procurement strategies, cash flow analysis, return on investment for retro-fitting, and economic appraisals of existing or new building assets. This unit will develop an understanding of carbon accounting in relation to building management and its importance to sustainable built asset portfolios. The unit, taught by case studies, will equip students with an understanding of economic principles and professional tools necessary for the procurement and management of real estate property, facilities and buildings at optimum economic and environmental performance.
5-day intensive (9am-5pm)
Individual Written Assignment 1 (30%); Group Written Assignment 2 (40%); Project Critique/Class Presentation (30%)
Langston, C. A. (2005). Life-cost approach to building evaluation. Sydney: UNSW Press Dell'Isola, A. J., and Kirk, S. J. (1995). Life cycle costing for design professionals. New York: McGraw-Hill Manser, J. E. (1994). Economics: A foundation course for the built environment. London: Spon.