BUILDING ECONOMICS

EFFICIENCY OF AN ECONOMIC BUILDING

Hadeeqa Khan

ROLL # 10
 EFFICIENCY OF AN ECONOMIC
BUILDING
Throughout this journey what we have understood about building
econmics is that a building should be designed such that it is cost
effective , with the minimum amount that is given as input the building
should be able to generate huge revenue in case of a commercial
building and in case of a residential building the building should have
less maintenance issues and should be able to sustain itself for a larger
time span.
However this concept might be mistaken at some places where people
assume that building economics is about constructing cheap buildings
with the minimum input without even thinking of the consequences that
can be faced in the future. It is not always the case that with great things
comes great prices but it might be true in some cases. Building
economics is all about analysis. The job of an economic analyst is to be
aware of all the products that are available in the market and the time
span they are going to live, and then comparing them. e.g a building is
constructed with minimum budget an d lives a live span of less than 10
years including the additional maintenace cost whereas a building
constructed parallel to that with double the budget lives a time span of
50 years with minimum maintenance cost , the more efficient building
would be the second one. It’s high time that we realise that building
economics’ consideration is not restricted till the construction of a
project, infact the efficiency of building can be estimated couple of years
later depending upon its condition. in my opinion when the cost of
construction for a building is estimated its maintenance and failure cost
should be calculated parallel with it so that the client understands that
an efficient building is actually the one that serves the best not the one
built with minimum revenue.
There are many different decision and design problems in the realm of
building economics, depending on what is known, assumed, or given in
a specific situation, and what answers must be found in that situation.
Building economics issues also include the concerns of specific groups
involved in the building process within society or the overall economy,
with the aim of safeguarding the interests of those groups and
maintaining or improving their economic position relative to other
parties. This can take two main directions: seeking to maintain or
improve the context conditions within which the group operates; or
trying to help members of the group become more competitive and
effective by developing better methods and techniques for doing its
work, providing better information and the analysis tools needed to turn
that information into better decisions.
With all these issues catered quite reasonably this can emerge as an
important part of architecture and can benefit the architects as well as
the clients.