Economics, cost and quality from a design perspective

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Abstract

The department of MBE was originally called Real Estate & Project Management (BMVB: ‘Bouwmanagement & Vastgoedbeheer’) covering the domains of construction management and real estate management. The “raison d’être” for this new department was based on the recognition that a fair amount of architecture graduates were more interested in managing a building’s design and construction process than in its actual design. These students, however, were not taught management theories and skills at that time. As a result, they would end up in the construction industry poorly equipped for doing the job they were required to do. This lack in education was addressed by our new department. Our graduates are multi-disciplinary schooled, not only in architectural design, computational design and management theories and skills, but very importantly also in building economics. The research domain Building Economics comprises research on the market and the value of buildings, and the relationship between quality and revenues, and costs and fi nance (Soeter et al., 2009). In the real estate market, the space market is interlinked with the asset market and the construction market. The Building Economy research programme analyses the real estate portfolios of investors. In what type of properties do they invest and what are the returns, risk profi les and outcomes? A crucial aspect in this is the expected rental income. To a large extent, the research focuses on the rent level and return on investment, in connection to location and building characteristics (quality) (see for instance Koppels et al., 2009, 2011). A guideline for studies on costs and quality is the consideration that organisations are interlinked with their location and buildings. An optimal solution for accommodation depends on the selected approach. For example, with a lowest cost approach, a minimum of investment costs, running costs and life-cycle costs are sought after, usually resulting in low values as well. Research on the relationship between cost, quality, and willingness-to-pay is important to understand and steer on costs and quality.
Original languageEnglish
Title of host publicationDear is Durable
Subtitle of host publicationLiber amicorum for Hans de Jonge
EditorsMonique Arkesteijn, Theo van der Voordt, Hilde Remoy, Yawei Chen
Place of PublicationDelft
PublisherTU Delft Open
Pages237-242
ISBN (Print)978-94-92516-15-2
Publication statusPublished - 30 Sep 2016

Keywords

  • Real estate management
  • Urban development
  • Management algemeen
  • built environment
  • architecture
  • design and construction management
  • housing management

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  • Research Output

    Corporate and Public Real Estate managament

    van der Voordt, T. & Arkesteijn, M., 30 Sep 2016, Dear is Durable: Liber Amicorum for Hans de Jonge. Arkesteijn, M., van der Voordt, T., Remoy, H. & Chen, Y. (eds.). Delft: TU Delft Open, p. 79-83

    Research output: Chapter in Book/Conference proceedings/Edited volumeChapterProfessional

    Open Access
    File
  • Design and management of activity-based workplaces

    van der Voordt, T., 30 Sep 2016, Dear is Durable: Liber Amicorum for Hans de Jonge. Arkesteijn, M., van der Voordt, T., Remoy, H. & Chen, Y. (eds.). Delft: TU Delft Open, p. 185-191

    Research output: Chapter in Book/Conference proceedings/Edited volumeChapterProfessional

    Open Access
    File
  • Editorial preface

    van der Voordt, T. & Arkesteijn, M., 30 Sep 2016, Dear is Durable: Liber Amicorum for Hans de Jonge.. van der Voordt, T., Arkesteijn, M., Remoy, H. & Chen, Y. (eds.). Delft: TU Delft Open, p. 11-13

    Research output: Chapter in Book/Conference proceedings/Edited volumeChapterProfessional

    Open Access
    File
  • Cite this

    Binnekamp, R., Nase, I., Koppels, P., & Remoy, H. (2016). Economics, cost and quality from a design perspective. In M. Arkesteijn, T. van der Voordt, H. Remoy, & Y. Chen (Eds.), Dear is Durable: Liber amicorum for Hans de Jonge (pp. 237-242). TU Delft Open.