Building economics

Building economics refers to the study of the financial aspects of construction projects. It involves analyzing the costs related to building design, materials, labor, and maintenance, as well as the economic benefits generated by the completed structures. This field evaluates factors like cost-efficiency, investment returns, and sustainability, helping stakeholders make informed decisions on projects. By understanding building economics, professionals can optimize resources to achieve the best balance between quality, functionality, and expense, ultimately ensuring that construction projects are viable and beneficial to the economy and society.