Economic considerations in the procurement and deployment of construction informatics applications

Chimay J. Anumba and Esther A. Obonyo

Chapter 23 in Research Companion to Construction Economics, 2022, pp 491-513 from Edward Elgar Publishing

Abstract: The construction industry has witnessed a significant increase in the uptake of construction informatics applications. From being notoriously slow in the deployment of emerging information and communication technologies, the industry is now leveraging new applications in the construction project delivery process. This chapter explores the economic considerations in the procurement and deployment of these applications. It starts with a brief background on the nature of the construction industry and the adoption of these technologies in the construction industry. This is followed by an overview of current and emerging technologies that are of interest to the industry. The specific economic considerations in procuring and deploying these technologies - in-house development, off-the-shelf solutions, costs, training, return on investment, etc. - are then discussed at length. Conclusions are then drawn on what construction-sector organizations should do to ensure that they maximize the benefits of their technology investments.

Keywords: Business and Management; Economics and Finance; Urban and Regional Studies (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781839108228/9781839108228.00030.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:19820_23

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().