New Generation Whole-Life Costing: Property and Construction Decision-Making Under Uncertainty

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Ian Ellingham William Fawcett

New Generation Whole-Life Costing

Property and Construction Decision-Making Under Uncertainty

Ian Ellingham, William Fawcett

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Hardback

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English

Routledge
11 July 2006

Property & real estate; Management decision making; Construction industry

This book presents a new approach to whole-life costing and risk management for the construction industry. The options-based approach to making decisions has revolutionised the management of uncertainty in the financial world, and this pioneering study applies the same principles to costing in construction projects. This approach offers a significant advance over conventional costing methods as it considers a diversity of possible futures with strategies that respond to events as they unfold, leading to more cost-effective and sustainable investment decisions across all areas of construction.

By: Ian Ellingham, William Fawcett
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 246mm, Width: 189mm, Spine: 18mm
Weight: 589g
ISBN: 9780415346573
ISBN 10: 0415346576
Pages: 224
Publication Date: 11 July 2006
Audience: College/higher education , Professional and scholarly , Primary , Undergraduate
Format: Hardback
Publisher's Status: Active

Ian Ellingham is an associate of Cambridge Architectural Research Ltd., UK. William Fawcett has held a lectureship at the University of Hong Kong and was one of the founding directors of Cambridge Architectural Research Ltd. He holds the Chadwick Fellowship in Architecture at Pembroke College, Cambridge.

Reviews for New Generation Whole-Life Costing: Property and Construction Decision-Making Under Uncertainty

'The book certainly brings to attention the merits of WLC and how surprising the current lack of use of WLC techniques in the industry is.' - David Adamson (Director of Smarter Construction, Office of Government Commerce) 'A real breath of fresh air and a source of some important new ideas.' 'Whole-life costing could be as dull as the worthy ISO standard. This book is visually a delight ... the narrative is full of lively examples and visual snapshots of case studies. Thoroughly recommended for courses ... and clients and agents and designers alike.' - David Fisk (Professor of Engineering for Sustainable Development, Imperial College, London) 'The book is full of many good ideas ... I would recommend it to property managers and surveyors involved in value management.' - David Wright (Associate at Currie & Brown) 'A very interesting and rich perspective that will assist practitioners in taking a longer-term view. ...An extremely pleasant and accessible book.' - Niklaus Kohler in, Building Research & Information