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Challenges in Delivering Green Building Projects: Unearthing the Transaction Costs (TCs)

机译:交付绿色建筑项目的挑战:发掘交易成本(TC)

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摘要

Delivering green building (GB) projects involve some activities that are atypical in comparison with conventional buildings. Such new activities are characterized by uncertainty, and they incur hidden costs that have not been expected nor are they readily appreciated among the stakeholders. This paper develops a typology and chronology to examine the new activities that are associated with transaction costs (TCs) in the real estate development process (REDP) of green building. Through in-depth interviews with representatives from the major developers in Hong Kong who have experiences in GB practice, this study aims to unearth TCs involved at the critical stages of the REDP. Apart from reconfirming the early project planning stage as the most critical in the consideration of TCs, the study results also identified “extra legal liability risk of the GB product” as the major concern for any GB developer in Hong Kong. The key additional activities that bring significant TCs in developing GB are identified and compared to their traditional counterparts. In turn, project managers not only have to pursue overall cost management whilst winning more business, but they also have to pay particular attention to sustainability in order to minimize hidden societal costs. The study also provides a reference for governments and professionals that will aid in forming policy as well as advance the practice of the GB market by optimizing the societal costs.
机译:交付绿色建筑(GB)项目涉及一些与常规建筑相比非典型的活动。此类新活动的特点是不确定性,并招致了未曾预料到的隐性成本,也无法在利益相关者中轻易地意识到。本文开发了一种类型学和年表,以检查与绿色建筑的房地产开发过程(REDP)中与交易成本(TC)相关的新活动。通过与来自具有GB实践经验的香港主要开发商的代表进行的深入访谈,本研究旨在发掘参与REDP关键阶段的TC。除了重新确认早期项目计划阶段是考虑技术委员会时最关键的阶段外,研究结果还确定“ GB产品的额外法律责任风险”是香港任何GB开发人员所关注的主要问题。确定了将重要TC引入GB的重要其他活动,并将其与传统活动进行了比较。反过来,项目经理不仅必须在赢得更多业务的同时追求整体成本管理,而且还必须特别注意可持续性,以最大程度地减少隐藏的社会成本。该研究还为政府和专业人员提供了参考,它们将有助于制定政策并通过优化社会成本来促进GB市场的实践。

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