|
doi:10.3850/978-981-08-7920-4_SK-1
The 6th Kondratieff Cycle: Chances for the Construction Sector
Gerhard Girmscheid
Department of Civil, Environmental and Geomatic Engineering, Institute of Construction and
Infrastructure Management, ETH Zurich, Zurich, Switzerland.
ABSTRACT
There is an urgent need – in both macroeconomic and microeconomic terms – for a paradigm
shift in the execution of construction projects away from focusing on initial investment costs
toward an integrated life cycle approach. Innovative project deliverymodels, ranges of products
and services, and business models on the one hand, and a target-oriented,methodical approach
in the shape of customer-oriented requirement management on the other, are crucial if life
cycle orientation is to be successfully implemented in the construction market. One could also
note that the latter approach is coupled with a stringent analysis of the economic efficiency
of life cycle costs using modern evaluation methods (e.g. NPV model for analyzing economic
efficiency) This paper presents a fundamental concept for innovative project delivery forms
and business models that generates integrated and optimized innovations across all trades in
order to enable life cycle orientation, while at the same time offering clients the benefits of
corresponding utilization flexibility.
Keywords: Life cycle, Sustainability, Energy efficiency, System-based services, Portfolio of Life cycle services, LC service offer.
Back to TOC
FULL TEXT(PDF)
|