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Essay / Research Paper Abstract
This 20 page paper considers the lifecycle of a construction, from the initial concept through to the commissioning and sale or hand-over of the building. The bibliography cites 12 sources.
Page Count:
20 pages (~225 words per page)
File: TS14_TEbuldlc.rtf
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Unformatted sample text from the term paper:
have endured through the centuries, through care or by chance. However, these are in a minority. Therefore the construction trade has thrived, building on both green field sites and brown
field sites. The way in which the development and lifecycle of a building occur may be seen as synonymous with any other product, however, the development itself and the
times scales are very different, The investment required in a single building and the level of value added make buildings an unusual product, and as such they may be financed
in different ways,. One of which will be a rolling finance deal, where there is a repayment of the loan once the property is sold and the revenue received. In
this was it can be argued that the payment for the In some instances we may see an even closer direct relationship with the value created in the building
being used to fund the subcontractors, with the payment period being one that would allow for the collection of the revenue. In many instances the developers may be acting as
agents, and the final owners may already own the land, and as such they are also contractor. Here quantity surveyors are used to assess the progress and staged payments will
take place, these may then filter though. In the building trade is often occurs that subcontractors are paid in stages, as the value is created in the building. If
we wish to consider a building and this sector then we may look at this in terms of the lifecycle, from concept through to use then we can consider how
a building takes shape, what processes occur and how this is reflected in the increased value as a the project progresses. When we look at this process it can be
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