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Construction and Contracting Business: Step-By-Step Startup Guide
by Entrepreneur MagazineThe experts at Entrepreneur provide a two-part guide to success. First, find out how to start your own construction or contracting firm doing remodels, new constructions, home additions, and more. Then, master the fundamentals of business startup including defining your business structure, funding, staffing and more.This kit includes: Essential industry and business-specific startup steps with worksheets, calculators, checklists and more Entrepreneur Editors' Start Your Own Business, a guide to starting any business and surviving the first three years Interviews and advice from successful entrepreneurs in the industry Worksheets, brainstorming sections, and checklists Entrepreneur's Startup Resource Kit (downloadable)More about Entrepreneur's Startup Resource KitEvery small business is unique. Therefore, it's essential to have tools that are customizable depending on your business's needs. That's why with Entrepreneur is also offering you access to our Startup Resource Kit. Get instant access to thousands of business letters, sales letters, sample documents and more - all at your fingertips!You'll find the following:The Small Business Legal ToolkitWhen your business dreams go from idea to reality, you're suddenly faced with laws and regulations governing nearly every move you make. Learn how to stay in compliance and protect your business from legal action. In this essential toolkit, you'll get answers to the "how do I get started?" questions every business owner faces along with a thorough understanding of the legal and tax requirements of your business.Sample Business Letters1000+ customizable business letters covering each type of written business communication you're likelyto encounter as you communicate with customers, suppliers, employees, and others. Plus a complete guide to business communication that covers every question you may have about developing your own business communication style.Sample Sales LettersThe experts at Entrepreneur have compiled more than 1000 of the most effective sales letters covering introductions, prospecting, setting up appointments, cover letters, proposal letters, the all-important follow-up letter and letters covering all aspects of sales operations to help you make the sale, generate new customers and huge profits.- See more at: https://bookstore.entrepreneur.com/product/start-your-own-construction-business-2e/#sthash.R827WvTz.dpuf
Construction and Contracting Business
by Entrepreneur MagazineBuild a Successful BusinessIf you're good with your hands and have a great business sense, now is the time to start your own construction or contracting firm. Independent contractors can earn upwards of six figures a year doing remodels, new construction, home additions and more. Author Gregg Kuehn has 30 years of experience in the industry-and now he reveals his secrets to starting and running a profitable business.Learn how to:Attract clients through multiple channels: marketing, advertising and word-of-mouth recommendationsSet a budget and write an accurate estimate for any type of jobPrice your products and services to be competitive while maximizing profitsHire and train great employees-and handle any employee problemsDeal with problem clients, earn their trust and address their complaintsDetailed examples and stories from real-life contractors show you what to do-and what not to do-on your path to success. Learn how to avoid the most common mistakes and get started today with your own thriving construction business.The First Three YearsIn addition to industry specific information, you'll also tap into Entrepreneur's more than 30 years of small business expertise via the 2nd section of the guide - Start Your Own Business. SYOB offers critical startup essentials and a current, comprehensive view of what it takes to survive the crucial first three years, giving your exactly what you need to survive and succeed. Plus, you'll get advice and insight from experts and practicing entrepreneurs, all offering common-sense approaches and solutions to a wide range of challenges. Pin point your target market Uncover creative financing for startup and growth Use online resources to streamline your business plan Learn the secrets of successful marketing Discover digital and social media tools and how to use them Take advantage of hundreds of resources Receive vital forms, worksheets and checklists From startup to retirement, millions of entrepreneurs and small business owners have trusted Entrepreneur to point them in the right direction. We'll teach you the secrets of the winners, and give you exactly what you need to lay the groundwork for success.BONUS: Entrepreneur's Startup Resource Kit!Every small business is unique. Therefore, it's essential to have tools that are customizable depending on your business's needs. That's why with Entrepreneur is also offering you access to our Startup Resource Kit. Get instant access to thousands of business letters, sales letters, sample documents and more - all at your fingertips!You'll find the following:The Small Business Legal ToolkitWhen your business dreams go from idea to reality, you're suddenly faced with laws and regulations governing nearly every move you make. Learn how to stay in compliance and protect your business from legal action. In this essential toolkit, you'll get answers to the "how do I get started?" questions every business owner faces along with a thorough understanding of the legal and tax requirements of your business.Sample Business Letters1000+ customizable business letters covering each type of written business communication you're likelyto encounter as you communicate with customers, suppliers, employees, and others. Plus a complete guide to business communication that covers every question you may have about developing your own business communication style.Sample Sales LettersThe experts at Entrepreneur have compliled more than 1000 of the most effective sales letters covering introductions, prospecting, setting up appointments, cover letters, proposal letters, the all-important follow-up letter and letters covering all aspects of sales operations to help you make the sale, generate new customers and huge profits.
Construction Arbitration and Alternative Dispute Resolution: Theory and Practice around the World (Construction Practice Series)
by Renato NazziniThis book provides comprehensive, rigorous and up-to-date coverage of key issues that have emerged in the first quarter of the 21st Century in transnational construction arbitration and alternative dispute resolution (ADR). Covering four general themes, this book discusses: the increasing internationalisation of dispute resolution in construction law; the increasing reliance on technology in the management of construction projects and construction arbitration/ADR; the increasing prominence of collaborative contracting in construction and infrastructure projects; the increasing importance of contractual adjudication such as dispute boards in construction and infrastructure projects; the increasing prevalence of statutory adjudication mechanisms across the world; and the greater incidence of investment disputes and disputes against States and State entities over construction and infrastructure concessions and agreements. Tapping on their substantial expertise in practice and in research, the contributor team of senior practitioners and academics in the area of construction law and dispute resolution provide readers with information that balances an intellectually rigorous academic contribution against the backdrop of real concerns raised in practice. Construction Arbitration and Alternative Dispute Resolution is an invaluable resource for practitioners in the field, academics in arbitration and construction law, and post-graduate students in construction law and dispute resolution.
Construction Audit: Building a Solid Foundation (ISSN)
by Denise CicchellaConstruction Audit is becoming more and more prevalent, and organizations are appreciating its importance. Learning the basics of construction auditing can provide valuable knowledge and skills for professionals and students in the construction industry, offering insights into financial management, risk mitigation, compliance and overall project oversight.This book is not just for auditors, however. It could be used by project managers, integrity monitors, construction managers and anyone else who wants to understand the elements that go into creating a successful project. Legal teams involved in contracting and overpayment recovery will also benefit.This book: Walks you through all phases of construction, starting with project inception. It will guide the reader through all the processes and the risks in each of these. Will guide the reader through the many challenges they will face throughout the life of the project. This book provides real-life solutions to common problems in construction. Introduces project management techniques; while not concentrating on a special methodology, the book builds on project management fundamentals. Understanding this will help enable the reader to talk to project managers more effectively. Defines the components of a successful project and gives the reader the tools needed to ensure these components. Uses real-life examples of control breakdowns, errors or fraud. Will help readers build an audit strategy and plan by understanding risks and effective controls that can be implemented to mitigate risk. Whether tackling your first project or your 21st project, this book will help you think outside the box and understand the finite processes and pieces of your project. There is always room for something new, new perspectives or improvement, and this book will help you find it.
Construction Business Management: What Every Construction Contractor, Builder And Subcontractor Needs To Know (Rsmeans Ser. #67)
by Nick B. GanawayOnly 43 per cent of U.S. construction firms remain in business after four years. Why? Inadequate management, according to the U.S. Small Business Administration. This is surprising because most construction firms are formed by ambitious construction project managers, executives and tradesmen who have excelled at what they have been doing. But as experienced as these entrepreneurs may be, they are not likely prepared to take on the full range of responsibilities forced on them in managing the business of construction in its entirety.While this business failure rate and its causes are based on U.S. experience, available data from a number of other industrialized countries shows they are similar.This book describes in detail what the business side of the construction equation requires of the construction firm owner. The contractor who quickly learns these requirements can identify and avoid or manage around the pitfalls that cause the high failure rate in our industry and put his or her construction firm on a level playing field with the best-run companies in the business. The detailed duties of the owner, whether in the U.S., U.K., Australia or Canada, are a common theme throughout the book. The author, Nick Ganaway, speaks peer-to-peer, and the book is sprinkled with supporting examples from his own experience. He is immersed in the industry and this book is "based on the things I've learned, used, and refined as a light-commercial general contractor in the course of starting and operating my own construction firm for 25 years." The contractor doing $5 million or $50 million or more in annual sales or the equivalent amount in other countries, or the entrepreneur who is just starting up, can use the tried and proven material in this book to build a business that is profitable, enjoyable, and enduring.Additionally, the book devotes a chapter to specializing in chain-store construction.
Construction Collaboration Technologies: An Extranet Evolution
by Paul WilkinsonSince the late 1990s, web-based collaboration technologies (‘project extranets’) have become increasingly widely used within the UK construction industry and are now routinely deployed on the design and construction of thousands of projects. The first book dedicated to the topic, this comprehensive guide will help current and future construction professionals understand, implement and use such systems more effectively. Cutting through the hype and jargon, it offers expert advice and guidance from an industry insider on choosing a software provider, key software features, hosting, legal issues, connectivity, achieving user buy-in and assessing the benefits.
Construction Company Management
by Kumar Neeraj Jha Abid Hasan Asheem ShresthaConstruction Company Management will give readers a detailed understanding of the critical aspects of managing a successful construction company in a dynamic and complex construction business environment characterised by intense competition, supply chain disruptions, and rapid changes in technology, regulations, client preferences, and market conditions.The book will introduce readers to different dimensions of construction company management. The topics covered reflect current business practices in the construction industry, including company strategy and business models, stakeholder management, contract management, resource management, risk management, knowledge management, company finance, digital innovation, organisational resilience, and the regulatory environment. The book also includes much-needed discussions on ethics, integrity and professional standards, and diversity, equity, and inclusion in construction companies. It explores the opportunities and challenges relevant to construction company management in global contexts with the help of case studies from different regions of the world.Providing a concise book on this essential subject, Construction Company Management serves both students and those educators who teach it in their built environment courses. Practitioners will find the theory-informed company management practices discussed in the book valuable and useful in their practical contexts.
Construction Contract Administration for Project Owners
by Claude G. LancomeConstruction Contract Administration for Project Owners is aimed at public and private owners of real estate and construction projects. The book is intended to assist owners in their contractual dealings with their designers and their contractors. Most owners are not primarily in the business of designing and building facilities. The fact that their primary business is not design and construction places them at a disadvantage when negotiating, drafting, and administering design agreements and construction contracts because their designers and contractors use these documents every day. This book is intended to assist owners to redress this imbalance by equipping owners to draft and administer contracts so as to protect their interests. The book is aimed at owner personnel with all levels of knowledge in the business of managing projects. It can serve as a comprehensive introduction to drafting and administering design agreements and construction contracts for beginners. For intermediate level personnel, it can serve as a manual to be read to enhance the reader’s skills in this area. For the sophisticated project management professional, it can serve as a resource to be consulted in connection with very specific issues as they arise on a project.
Construction Contractors: Advanced Issues
by Dale RutherConstruction Contractors: Advanced Issues by Dale Ruther
Construction Contractors: Accounting and Auditing (AICPA)
by James Wiedemann Robert MercadoWith construction activity increasing and significant changes to the revenue recognition model, it is more important than ever for accountants and financial managers to be on top of the very latest in accounting and auditing changes for the construction industry. This guide examines the most recent updates and key issues impacting construction accounting and auditing. It covers new changes as a result of FASB ASU 2014-09, it also explores the relationship between the contractor and the surety.
Construction Digitalisation: A Capability Maturity Model for Construction Organisations (Routledge Research Collections for Construction in Developing Countries)
by Douglas Aghimien Clinton Aigbavboa Ayodeji Oke Wellington ThwalaThis book explores construction digitalisation, particularly in developing countries. The book conceptualises a digitalisation capability maturity model that will enable construction organisations to self-assess and benchmark their digital capabilities in their quest for digital transformation. Digitalisation offers a significant solution to the age-long problems of the construction industry. Research shows that when construction organisations transform from a traditional service delivery approach to a more digitalised approach, significant improvement in project delivery and better competitive advantage for these organisations will be attained. The attainment of these benefits is evident in developed countries where the digitalisation of construction activities continues apace. Unfortunately, the story is not the same for construction organisations in developing economies. While some organisations might be willing to be digitally transformed, most have no clue how to go about it. To this end, this book provides guidelines for construction organisations seeking to transform their entities digitally. Its content is a valuable read for construction company owners as it provides a model which they can use in the digitalisation of their activities. Also, regulatory bodies in the construction industry can adopt the capabilities identified in the book as essential prerequisites for their members. Furthermore, the book serves as excellent theoretical background reading for management researchers seeking to expand their knowledge on the digitalisation of the construction industry and other associated industries.
Construction Economics: A New Approach
by Danny MyersConstruction Economics provides students with the principles underlying the relationship between economic theory and the construction industry. Its new approach specifically examines the problems of securing sustainable construction. The new edition has been fully revised to provide an overview of the economy and construction markets since the global financial crisis. As such it examines the challenges of changing government policy, adapting to climate change, adopting BIM, and reducing costs. A new introduction along with new readings, data, examples, glossary items, government strategies, and references, revises this established core text and brings it up to the historic EU referendum. As with previous editions, it retains a tried and tested format: a clear and user-friendly style use of a second colour for emphasis regular summaries of key points a glossary of construction economics extensive use of tables and figures extracts from Construction Management and Economics reviews of useful websites. This invaluable textbook is essential reading across a wide range of disciplines from construction management and civil engineering to architecture, property and surveying.
Construction Economics: A New Approach
by Danny MyersConstruction Economics provides students with the principles underlying the relationship between economic theory and the construction industry. Its new approach specifically examines the problems of securing sustainable construction and this fifth edition broadens the message to address the immediacy of the problems relating to the carbon-based world that we have constructed. Embracing the whole process of the construction life cycle, the new edition discusses the economic impact of the Covid pandemic on the industry and the broader implications of the promise to build back better. It also includes new coverage of the opportunities offered by technology, the establishment of higher standards to achieve greater energy efficiency and wellbeing, the adoption of the principles of a circular economy, the retrofit of existing buildings and the recycling of materials. New sections also highlight the methodology of the subject to identify the boundaries of construction economics and clarify what to expect and what can be achieved. As with previous editions, it retains a tried and tested format including: a clear and user-friendly style use of colour for emphasis regular summaries of key points a glossary of key terms extensive use of tables, figures and data readings from Construction Management and Economics tutorial questions to review each section research guidance reviews of useful websites. This invaluable textbook is essential reading across a wide range of disciplines. It provides the economic context to the relevance of sustainability and debates about climate change, highlighting the vital contributions that surveyors, contractors, project managers, engineers, architects and developers can offer to take it forward.
Construction Equipment Management
by John E. Schaufelberger Giovanni C. MigliaccioThis revised and updated edition of Construction Equipment Management fills a gap on this subject by integrating both conceptual and hands-on quantitative knowledge on construction equipment into a process that facilitates student learning. The first six chapters summarize interdisciplinary concepts that are necessary to ground students' learning on construction equipment management, including both engineering and economics. Each of the next 16 chapters covers a different type of construction equipment and associated methods of use. The final chapter introduces the more advanced concept of operation analysis. This allows the book to be used on numerous courses at different levels to prepare graduates to apply skills on construction equipment when planning for a new project, estimating its costs, and monitoring field operations. Organized around the major categories of construction equipment, including both commercial and heavy civil examples, case studies, and exercises, this textbook will help students develop independence in applying concepts to hands-on scenarios. A companion website provides an instructor manual, solutions, additional examples, lecture slides, figures, and diagrams.
Construction Health and Safety in Developing Countries (Spon Research)
by Patrick Manu Fidelis Emuze Tarcisio Abreu Saurin Bonaventura H. W. HadikusumoThe global construction sector is infamous for high levels of injuries, accidents and fatalities, and poor health and well-being of its workforce. While this record appears in both developed and developing countries, the situation is worse in developing countries, where major spending on infrastructure development is expected. There is an urgent need to improve construction health and safety (H&S) in developing countries. The improvement calls for the development of context-specific solutions underpinned by research into challenges and related solutions. This edited volume advances the current understanding of construction H&S in developing countries by revealing context-specific issues and challenges that have hitherto not been well explored in the literature, and applying emergent H&S management approaches and practices in developing countries. Coverage includes countries from the regions of sub-Saharan Africa, Latin America, Asia and Europe. This book, which is the first compendium of research into construction H&S issues in developing countries, adds considerable insight into the field and presents innovative solutions to help address poor H&S in construction in developing nations. It is a must read for all construction professionals, researchers and practitioners interested in construction and occupational H&S, safety management, engineering management and development studies.
Construction in Indonesia: Looking Back and Moving Forward (Routledge Research Collections for Construction in Developing Countries)
by Toong-Khuan Chan Krishna Suryanto PribadiConstruction in Indonesia presents an in-depth analysis of the construction sector and suggests pathways to further improve the performance and efficiency of the industry. Experts in economics, management, and engineering have examined all aspects of the Indonesian construction sector to provide readers with unique insights into the workings of this important sector of the economy, and to analyse how both economic growth and policies have contributed to Indonesia’s development and how lessons learned can be used to guide future growth. Indonesia’s construction industry is set to grow rapidly after a decade of extensive investments in public infrastructure projects emphasizing new transportation, utilities, and social infrastructure buildings. The book is divided into two sections: Looking Back will focus on a critical analysis of the construction industry, its achievements and its failures, and the impact of the efficiency of the sector in bringing about improvements to overall quality of life. The primary purpose of the second section, Moving Forward, is to suggest directions and emphases for future action by the government of Indonesia (and other stakeholders) to promote the continued development of the construction industry. This book will be a valuable resource for policy makers in government and industry and other stakeholders to obtain a succinct view of the sector in the archipelago and to appreciate its potential to bring about improvements to the quality of life in Indonesia.
Construction Insurance and UK Construction Contracts (Construction Practice Series)
by Roger ter Haar Anna Laney Marshall LevineConstruction Insurance and UK Construction Contracts has long been the premier text for legal professionals looking for a combined analysis of construction contracts and their relation to insurance law. In a new and updated third edition, this book continues to provide in-depth commentary and pragmatic advice on all the most important regulations and policies surrounding contracts and insurance in the construction industry. Including brand new chapters on reinsurance and energy products, this book covers subjects such as: Minor, intermediate and major project construction contracts Classes of insurance contract The role of insurance brokers Risks in construction and legal liability Professional indemnity insurance and directors' and officers' liability insurance Bonds and insurance Latent defect insurance Property insurance Health and Safety and Construction Regulations Contract Insurance FIDIC, JCT and NEC 3 regulations PFI/PPP projects in the UK Dispute resolution This book is a vital reference tool and practical guide for lawyers and in-house counsels involved in the construction industry as well as project managers, quantity surveyors, construction contractors, architects and engineers needing advice from an experienced legal perspective.
Construction Law in the 21st Century (Construction Practice Series)
by Renato NazziniMarking the 35th anniversary of the Centre of Construction Law & Dispute Resolution at King’s College London, this volume brings together a large and illustrious group of contributors to create a comprehensive and authoritative guide cutting across all key areas of contemporary construction law, ranging from construction arbitration to procurement and contract law.It takes an international approach to construction law and considers issues such as investor-State dispute settlement, insolvency and liquidated damages in civil law and common law jurisdictions and procurement from a comparative perspective, as well as certain key common law/English law topics (such as fitness for purpose) that are of relevance to an international audience.The book provides detailed and practical guidance to the legal framework of the construction industry for barristers, solicitors, arbitrators, adjudicators, academics, contract managers, construction consultants and quantity surveyors, among others.
Construction Machines
by Draško Mück Dinko MikulićThis book provides knowledge to professionals on how to model, calculate, and design machinery for construction operations. Carrying out construction works is unthinkable without construction machines. Awareness of role and properties of construction machines is very important for their design, production, application, and maintenance. This book defines the basic characteristics of the main representatives of construction machines for earthworks, bulldozers, loaders, excavators, vibratory rollers, and transport vehicles, truck cranes, telehandlers, and construction trucks. The book presents a step-by-step explanation of the key technical solutions of mobile construction machines in an expert and illustrative manner, with the help of photographic images, schematics, and case studies. The book will be of use to professionals in industry and students in engineering departments.
Construction Management
by Griffith Alan Watson PaulAdditional resources to accompany the book are available at: http://www. blackwellpublishing. com/howarth/ The construction industry is a global, dynamic and innovative industry that delivers buildings and infrastructure for all aspects of commercial and domestic activity. This dynamic and innovative industry is faced with safety challenges on a project by project and day to day basis. Excellence in Health and safety management is therefore a key requirement of construction industry professional practice, and as such its study is a necessary and core component of a wide range of built environment undergraduate degree programmes, either as a distinct discipline or as an embedded component. Construction Safety Management is an accessible, up-to-date text that outlines the principles and practices of construction health and safety management. It is written to support the study of health and safety on professionally accredited undergraduate built environment degree programmes. The text introduces and informs the reader of issues, concepts, legislation and practice pertinent to the sound development of knowledge and practice requisite for effective construction health and safety management. Students on courses ranging from Architecture, Architectural Technology, Building Engineering, Civil Engineering, Construction Management, Project Management and Quantity Surveying will find that each chapter presents clear learning objectives, addresses key issues and concepts and provides for self-assessment of learning. Additional resources to accompany the book are available at: http://www. blackwellpublishing. com/howarth/
Construction Management: Theory and Practice
by Chris MarchStudents studying construction management and related subjects need to have a broad understanding of the major aspects of controlling the building processes. Operations Management for Construction is one of three textbooks (Business Organisation, Operations Management and Finance Control) written to systematically cover the field. Focusing on construction sites and operations which are challenging to run, Chris March explores issues such as the setting up of the site, the deciding of the methodology of construction, and the sequence of work and resourcing. As changing and increasing regulations affect the way sites are managed, he also considers the issues and methods of successful administering, safety, quality and environment. Finally, the contractor's responsibility to the environment, including relationships with third parties, selection of materials, waste management and sustainability is discussed. Chris March has a wealth of practical experience in the construction industry, as well as considerable experience of teaching, which he uses to support the theory and principles set out in the book.
Construction Management: Subcontractor Scopes of Work
by Jason G Smith Jimmie HinzeConstruction projects are usually completed through the efforts of several specialty contractors that enter into performance agreements with the prime contractor. Mistakes, whether made while bidding or when executing a construction project, can be costly for the facility owner, general contractor, or subcontractor. Focused on helping the project team avoid these mistakes and run their projects more efficiently, this book describes how a prime contractor can coordinate the efforts of subcontractors and address common problems that can occur during various stages. Greater understanding of problematic aspects can assure that the full scope of the project is covered without redundancy.
Construction Management JumpStart: The Best First Step Toward a Career in Construction Management
by Barbara J. JacksonThe bestselling introduction to the field, updated and expanded Construction Management Jumpstart is the definitive introduction to the field, providing a detailed walkthrough of each stage of a project from the construction manager’s perspective. Authoritative coverage of fundamental concepts and practices clearly delineates the manager’s role, while step-by-step guidance provides valuable instruction for essential management duties. This new third edition has been updated to reflect the field’s current environment and best practices, giving students a highly-relevant introduction to an evolving industry. Three new chapters include insightful discussion of the pre-construction phase, team management, and sustainability; challenging chapter review questions help reinforce important concepts and help translate them to practice. Construction managers work alongside project managers, and use many of the same tried-and-true techniques—but construction managers must also adhere to a vast array of industry-specific standards and regulations. This book helps you build a foundation in critical concepts and practices while tailoring traditional project management techniques to the construction management sphere. Understand essential management roles and responsibilities for each stage of a construction project Learn how to estimate costs, administer contracts, manage operations, monitor performance, assess risks, and more Explore critical concepts in planning and scheduling that help keep projects running on-time and on-budget Discover how Building Information Modeling software is impacting the industry, and how it affects construction management Evolving regulations, advancing technology, and economies in flux all impact the construction industry in a number of ways; management’s job is to clear obstacles to delivery and streamline the project’s completion. To be effective, construction managers must stay up to date on the latest tools and best practices, and have a strong grasp of the fundamentals of the role. Construction Management Jumpstart provides a practical, highly-relevant introduction to the field.
Construction Manager's BIM Handbook
by John EynonBuilding Information Modelling (BIM) harnesses digital technologies to unlock more efficient methods of designing, creating and maintaining built environment assets, so the Construction Manager's BIM Handbook ensures the reader understands what BIM is, what the UK strategy is and what it means for key roles in the construction team. ensure that all readers understand what BIM and are fully aware of the implications of BIM for them and their organisations provides concise summaries of key aspects of BIM ensure that all readers can begin to adopt this approach in future projects includes industry case studies illustrating the use of BIM on large and small projects
Construction Microeconomics
by Christian BrockmannCONSTRUCTION MICROECONOMICS Unique and comprehensive reference describing microeconomic approaches, theories, and models adapted to and developed for the construction industry Construction Microeconomics provides comprehensive coverage of microeconomics applied to the construction industry, focusing on construction clients, who initiate construction projects, and on contractors who transform the ideas and plans of clients into infrastructure and buildings. With the help of microeconomic theory, it tries to answer questions about decision-making by clients, contractors, and governments with respect to projects in the built environment. It includes discussions of alternative theories to mainstream microeconomics, such as new institutional economics, behavioral economics, and the capability approach. Applications from the construction sector including land supply, sustainability, industrialization, and lean construction are provided to ground the theory in practical construction. In Construction Microeconomics, readers will learn: How microeconomic theory relies heavily on assumptions for modeling and the nuances of adjusting those assumptions How heterogenous contract goods affect supply and demand, markets, information, technology, and accordingly, the theories of contractors and owners How interaction influences the production process and how land as a production factor changes the production function How ex-ante costs determine the cost theory of the contractor and why contracting is more akin to the service sector than the goods sector Advanced undergraduate and masters students, lecturers and academics in construction and related disciplines, and professionals in the construction industry looking for expert analysis into a unique facet of the field will find Construction Microeconomics to be a valuable, complete, and authoritative reference on the subject.