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Bon, R (2001) The future of building economics: a note. Construction Management and Economics, 19(03), 255-8.
- Type: Journal Article
- Keywords: building process; chief real estate officer; corporate real estate; facilities management; real estate portfolio;
- ISBN/ISSN: 0144-6193
- URL: https://doi.org/10.1080/01446190010020354
Building economics has been long in emerging because it still lacks solid theoretical foundations. The notion of ’building process’ should play a central role in this regard, as it points at the fundamental indeterminacy underlying building activity from conception to demolition. This indeterminacy stems from the length of time that usually separates these two events. Building economics needs to shift its focus from investment decisions to problems of managing building portfolios in their entirety. The professional basis for this development is in corporate real estate and facilities management.