Main Factors Which Determine the Demand for the Construction of Built Facilities...

TITLE OF THE DOCUMENT IDENTIFY THE MAIN FACTORS WHICH DETERMINE THE DEMAND FOR THE look OF BUILT FACILITIES AND OUTLINE HOW THESE FACTORS HAVE OPERATED ON THIS DEMAND IN THE LAST TWO YEARS. The determination of essential of goods and services produced the tress industry is a complicated process. This is partly due to the cost, size, senior status and investment nature of the and partly due to the broad couch of what constitutes construction activity. It is difficult to envisage just one housing market (Danny Myer, 2004).Factors affecting built facilities construction demand good deal be categorised as popular and local factors. planetary factors be political, economic, social, and technological and legal/legislative based. Local factors hold a combination of building types, procurement types and geographical place (Akintoye et al, 1994). The consensus in the construction industry is that the sideline rates and oecumenical business confidence have the greatest bearing on the private sector workloads (Beard Dove, 1991). Hillebrandt (1985), however, has extended this to the following list of general leading indicators of construction demand; 1. Population 2. Interest rate 3. Shocks to the economy 4. The demand for goods 5. overplus manufacturing capacity 6. The ability to remodel 7.

Government policy (monetary, fiscal, e.g. tax policies) 8. Expectation of move increased demand (for manufacturing goods) 9. Expectation of increased profits (on the activities of those that demand construction) 10. New technology These factors have been investigated as the potential leading indicators of the the States construction demand (Akintoye, 1994). For the UK, the general factors of construction demand are grouped into the following: economic conditions, construction price, real interest rate, unemployment level, and profitability (Akintoye, 1994) ECONOMIC CONDITIONS Construction of new built facilities is considered to be a major investment which adds value... If you want to get a full essay, order it on our website: Orderessay

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