0
  • DE
  • EN
  • FR
  • Internationale Datenbank und Galerie für Ingenieurbauwerke

Anzeige

Application of a bottom-up approach to estimate economic impacts of building maintenance projects: cladding rectification program in Australia

Autor(en):






Medium: Fachartikel
Sprache(n): Englisch
Veröffentlicht in: Engineering, Construction and Architectural Management, , n. 1, v. 29
Seite(n): 333-353
DOI: 10.1108/ecam-10-2020-0802
Abstrakt:

Purpose

This paper critically reviews economic impact assessment methods adopted in construction-related projects, to develop and present a novel bottom-up approach suitable to estimate regional economic impacts of building maintenance projects.

Design/methodology/approach

A thorough literature review of economic impact assessment in construction projects is carried out to identify the most relevant approach to estimate wider economic impacts of building maintenance projects. Based on these findings, a model based on the bottom-up approach to estimate wider economic impacts is developed. The applicability and face validity of the developed model is demonstrated through a case of cladding replacement program in Australia.

Findings

The literature review revealed that bottom-up models are better suited for estimating regional economic impacts of maintenance projects, given the challenges of obtaining micro-level economic data in the maintenance sector. In relation to the total economic impacts (direct and indirect), the results show that for every $1 of government spending on similar projects the Gross State Product would increase by $1.34. In terms of employment impact, over 70% of the direct economic value addition is driven by the increase in labour, where close to 3 FTE jobs will be required for each $1 million of spending on cladding replacement projects.

Originality/value

This paper presents a model to estimate the wider economic impacts of building maintenance projects, which is typically overlooked in the construction management field. The proposed model is developed to incorporate the variability of different building maintenance projects so that the economic impact resulting from these projects could be estimated more accurately. This model can be used by local government decision-makers to justify and prioritise maintenance projects in a similar manner to new construction projects.

Structurae kann Ihnen derzeit diese Veröffentlichung nicht im Volltext zur Verfügung stellen. Der Volltext ist beim Verlag erhältlich über die DOI: 10.1108/ecam-10-2020-0802.
  • Über diese
    Datenseite
  • Reference-ID
    10577124
  • Veröffentlicht am:
    26.02.2021
  • Geändert am:
    24.02.2022
 
Structurae kooperiert mit
International Association for Bridge and Structural Engineering (IABSE)
e-mosty Magazine
e-BrIM Magazine