Last edited 17 Jun 2021

Design economics

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Contents

[edit] Introduction

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.

[edit] General considerations

During a presentation entitled, Design Economics, Dr Martin Tuli of Loughborough University states there are three aspects to the creation of parameters that incorporate design economics:

  1. Identifying how changes in parameters of a building will have an impact on its cost.
  2. Recognising that many elements influence the cost of a building.
  3. 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.

[edit] Design economics and cost planning

Design economics and cost planning is treated as one area of the optional Assessment of Professional Competencies (APC) for professionals who wish to pursue the building surveying APC.

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).

[edit] Related articles on Designing Buildings Wiki

[edit] External resources

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