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Last edited 17 Jun 2021
Design economics refers to design solutions that have been influenced by a range of principles that balance economic factors. The process of evaluating design economics may, for example, include incorporating the social and environmental consequences of the design undertaking as well as the consideration of the resources that are practical and available.
 General considerations
- Identifying how changes in parameters of a building will have an impact on its cost.
- Recognising that many elements influence the cost of a building.
- Prompting architects to design for the client in a manner that fulfils the values and requirements of the client.
When combined with cost planning, design economics is a core competency of design and specification. It covers the impact of design and other factors on costs throughout the entire building process - including cost plans that are required during the pre-contract stage.
Cost plans are generally prepared by cost consultants (often quantity surveyors). They evolve through the life of the project, and develop in detail and accuracy as more information becomes available about the nature of the design.
 Design economics and cost planning
APCs verify the qualifications and professionalism of candidates who wish to become chartered surveyors. These qualifications are necessary in order for professionals to become members of the Royal Institution of Chartered Surveyors (RICS).
 Related articles on Designing Buildings Wiki
- Cost plans for construction projects.
- Design life.
- How to become a quantity surveyor.
- Life cycle in the built environment.
- Quantity surveyor.
- Royal Institution of Chartered Surveyors.
- Utilising life cycle costing and life cycle assessment.
- Whole life costs.
- Dr Martin Tuli, Design Economics.
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