IDEAS home Printed from https://ideas.repec.org/p/arz/wpaper/eres2016_29.html
   My bibliography  Save this paper

The importance of decision-making processes of a client and the early development phases in a construction project

Author

Listed:
  • Katharina Kleinschrot

Abstract

In construction projects supplements by modified or additional construction works are not uncommon. The client has to meet especially in the early phases of the project decision that may substantially affect the project progresses. These decisions are often taken under conditions of uncertainty and time pressure, or even not taken only. This lack of decision situation often results in a change in the decisions as the project continues. This leads to changed or additional services. Supplements, construction delays and construction cost increases then are no longer avoidable.The paper shows the importance of decision-making processes of a client. Therefore the importance of early development phases is set out, which include most of the major decisions of a construction project. Here, a study is presented that shows that the initial costs exceed the follow-up costs and not, as is often pointed out, vice versa. Furthermore, the difficulties of decisions that have to be taken in the context of a construction project are explained.

Suggested Citation

  • Katharina Kleinschrot, 2016. "The importance of decision-making processes of a client and the early development phases in a construction project," ERES eres2016_29, European Real Estate Society (ERES).
  • Handle: RePEc:arz:wpaper:eres2016_29
    as

    Download full text from publisher

    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2016-29
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arz:wpaper:eres2016_29. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/eressea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.