A real estate development model for Turkey: real estate certificates and integrated project delivery

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Eymen Cagatay Bilge
Keyword(s):  
Real Estate ◽  
Delivery System ◽  
Development Process ◽  
Project Delivery ◽  
Real Estate Development ◽  
Integrated Project Delivery ◽  
Content Type ◽  
The Real Estate ◽  
Technological Developments ◽  
Integrated Project

PurposeTechnological developments are having an impact on the construction sector and are creating a paradigm shift in project delivery methods. Traditional project delivery systems are inadequate in current project development processes. A more integrated project delivery system and the establishment of contractual and financial structures are needed. The purpose of this study is to incorporate integrated project delivery and real estate certificate concepts and propose a model for real estate development.Design/methodology/approachAs a methodology, both integrated project delivery and real estate certificate concepts are reviewed individually, and a case to real estate certificate in Turkey is examined.FindingsA real estate certificate is a new method for financing the development process. The system covers the financial dimension of the integrated project delivery system. When these two concepts are combined, they provide an alternative to the real estate development process.Research limitations/implicationsThis study is a preliminary study and lays the foundation for future studies.Practical implicationsIn theory, both concepts have many advantages, in practice, it is essential to create the necessary legal basis for these advantages to be valid. As this process requires significant planning and contract management, the proposed model must be properly designed at the start of the project.Originality/valueThis study proposes a new model for real estate development by combining integrated project delivery and real estate certificate concepts.

Information management roles in real estate development lifecycle: literature review on BIM and IPD framework

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Eymen Cagatay Bilge ◽  
Hakan Yaman
Keyword(s):  
Real Estate ◽  
Information Management ◽  
Information Modeling ◽  
Project Delivery ◽  
Real Estate Development ◽  
Integrated Project Delivery ◽  
Content Type ◽  
Development Lifecycle ◽  
Building Information ◽  
Management Roles

Purpose Integrated project delivery (IPD) and building information modeling (BIM) has begun to be used in real estate development projects over the past decade to improve collaboration, communication and efficiency. However, the use of BIM and IPD in projects does not always imply that the information is well used and managed. This study aims to explain how information management should be carried out in BIM and IPD projects, what activities should be managed by the information manager and which stakeholder should play this role and why? Design/methodology/approach This study provides a framework on the subject by conducting a comprehensive systematic review in the field of real estate development, BIM, IPD and information management. In this context, the Web of Science and Scopus databases have been systematically reviewed, n = 45 out of a total of n = 1,356 articles and additionally, the BIM documents and standards prepared by public institutions and organizations and industry reports have been examined in detail. Findings The framework for information management roles was established by reviewing the literature. According to this framework, information management activities of information managers are listed in the table that covers all phases of real estate development. The owner should undertake this role as it is the entity that oversees the built asset from planning to the management of that facility. Originality/value In terms of acquiring information management roles, there is no research on BIM and IPD projects and who will take over this role. This study desired to close this gap in the literature.

Designing an accommodation strategy: findings from an architecture school

Facilities ◽  
2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Chaiwat Riratanaphong
Keyword(s):  
Real Estate ◽  
Development Process ◽  
Supply And Demand ◽  
Development Theory ◽  
Architecture Education ◽  
Data Accessibility ◽  
Content Type ◽  
The Real Estate ◽  
Process Factors ◽  
Space Requirements

Purpose This study aims to explore the need for space (demand) and the provision thereof (supply) in the Faculty of Architecture building at Thammasat University Rangsit campus using variables from the designing an accommodation strategy (DAS) framework; these variables are incorporated to test and improve the framework. Another purpose is to examine the planning and development of the faculty building to understand its strategy, which serves as a means to contribute to the planning and development theory. Design/methodology/approach A case study of the Faculty of Architecture building was conducted at Thammasat University in Thailand. The DAS framework was used to reconstruct and examine the development process of the building to determine the gaps between supply and demand in terms of building space, to reflect on the building plan and process and to make suggestions as to how the DAS framework might be improved. Research methods included interviews and document analysis concerning space requirements and provision in the Faculty of Architecture building. Findings The gaps between supply and demand in terms of the faculty building space are affected by the condition of the building (i.e. building obsolescence), the number of building users and the changing environmental context. This study shows that both pre-design and post-occupancy evaluation are essential to collect data concerning the match or mismatch between supply and demand of space and to assess users’ needs and preferences concerning the faculty building. Regarding the building development process, factors impacting the step-by-step planning of the real estate interventions include the organisational context (public/private sector) and the management of the construction project (time, cost, quality). The DAS framework is found to be useful for structuring the information-generating processes necessary to determine gaps between demand and supply in terms of space and for making decisions regarding real estate interventions. Research limitations/implications Additional case studies in different environmental and organisational contexts are required to test the DAS framework and improve data validity. This study was conducted during the COVID-19 pandemic period, which affected data accessibility. Practical implications The results provide insight into the influence of various factors on the decision of corporate real estate. The DAS framework can be used to explore the range of demand for and supply of space and to find an optimal match. Originality/value This paper shows valuable steps in planning and development of educational real estate and a first application of the DAS framework in Thailand. The findings confirm the importance of the physical learning environment of architecture schools, particularly the studio spaces required in architecture education.

A framework for implementing integrated project delivery in architecture design firms in Egypt

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ayman Ahmed Ezzat Othman ◽  
Lamis Yasser Wagih Youssef
Keyword(s):  
Literature Review ◽  
Case Studies ◽  
Design Process ◽  
Project Delivery ◽  
Architecture Design ◽  
Survey Questionnaire ◽  
Integrated Project Delivery ◽  
Content Type ◽  
Integrated Project ◽  
Design Firms

Purpose This paper aims to develop a framework for implementing the integrated project delivery (IPD) approach during the design process in architecture design firms (ADFs) in Egypt. Design/methodology/approach A research methodology consists of literature review, case studies and survey questionnaire was designed to achieve the abovementioned aim. First, literature review was used to identify and categorise the challenges of implementing IPD during the design process. Second, four case studies were analysed to investigate the values delivered to the client or missed due to the use of IPD or traditional procurement approaches, respectively. Finally, a survey questionnaire was carried out with a representative sample of ADFs in Egypt to investigate their perception towards the challenges of IPD implementation in Egypt. Based on the results of the above, the research developed a framework to facilitate the implementation of IPD in ADFs in Egypt. Findings Through literature review, the research identified 30 challenges that hamper the implementation of IPD in ADFs. These challenges were categorised due to their nature into five groups, namely, integration, cooperation, commitment and trust challenges, knowledge, experience skills and decision-making challenges, cultural challenges, legal and contractual challenges and technical and financial challenges. Results of data analysis showed that “poor communication and spirit of collaboration between project stakeholders” was ranked the highest influential challenge as IPD is based on collaboration and trust between project participants. In addition, “lack of training and motivation in investing for using IPD” was ranked the lowest influential challenge due to the poor attention paid to training in the construction industry. Moreover, despite the benefits of IPD implementations in many countries worldwide, it is not implemented in the Egyptian context. This necessitated taking action towards developing a framework to facilitate IPD implementation in ADFs in Egypt. Research limitations/implications The research focussed on ADFs in Egypt. Practical implications Adopting the proposed framework developed through this research will help implementing IPD during the design process in ADFs. Originality/value The research identified, categorised and analysed the challenges that obstruct the implementation of IPD in ADFs. The research tackled a topic that received scant attention in construction literature in the Middle East generally and Egypt in particular. In addition, this paper presented a framework to facilitate the implementation of IPD during the design process, which represents a synthesis that is novel and creative in thought and adds value to the knowledge in a manner that has not previously occurred.

Barriers to the use of integrated project delivery (IPD): a quantified model for Malaysia

2019 ◽  
Vol 27 (1) ◽  
pp. 186-204 ◽  
Author(s):  
Serdar Durdyev ◽  
M. Reza Hosseini ◽  
Igor Martek ◽  
Syuhaida Ismail ◽  
Mehrdad Arashpour
Keyword(s):  
Structural Equation ◽  
Corporate Sustainability ◽  
The Body ◽  
Project Delivery ◽  
Research Approach ◽  
Integrated Project Delivery ◽  
Content Type ◽  
Body Of Knowledge ◽  
Integrated Project ◽  
European Corporate Sustainability Framework

Purpose The purpose of this paper is to quantify the barriers to the use of integrated project delivery (IPD), as assessed by 115 construction professionals in Malaysia. Design/methodology/approach Barriers recording highest citation amongst researchers worldwide were collated in the form of a conceptual model. This model was validated via a partial least squares structural equation modelling technique. Findings Findings advance the body of knowledge on IPD by providing original insights into the nature of key barriers, quantifying the relative importance of each barrier. Research limitations/implications Despite the above-mentioned contributions, and before drawing any conclusion, it is prudent to acknowledge limitations, particularly the chosen research approach in focusing on the Malaysian context. Therefore, caution must be exercised in direct application of findings to other contexts; research findings should be seen through the lens of moderatum generalisations (see Payne and Williams, 2005). Practical implications Apart from contributions to the body of knowledge, for the world of practice, conditions impacting a transition to IPD are discussed, with a recommendation for change management through a tested mechanism like the European Corporate Sustainability Framework. Originality/value Being the first empirical study undertaken to quantify the relationship among the identified barriers and IPD, the present study contributes to the field by addressing the gap in IPD research in Malaysia, as an exemplar of a developing country; it creates knowledge to inform further improvements in project performance through facilitating IPD use. The study also offers insight to construction stakeholders in other developing countries for tackling issues that hinder the adoption of an IPD approach, and it also points to major barriers such that resources for tackling barriers may be allocated properly.

Building information modelling, integrated project delivery and all that

2017 ◽  
Vol 17 (1) ◽  
pp. 45-49 ◽  
Author(s):  
Steve Rowlinson
Keyword(s):  
Information Exchange ◽  
Relevant Literature ◽  
Project Delivery ◽  
Integrated Project Delivery ◽  
Building Information Modelling ◽  
Content Type ◽  
Information Modelling ◽  
Building Information ◽  
Integrated Project ◽  
Successful Change

Purpose This paper aims to review the development of building information modelling (BIM) and integrated project delivery (IPD) in recent years and the process changes that BIM and IPD require. Design/methodology/approach A qualitative research methodology was applied which involved a comprehensive review of relevant literature leading to a better understanding of the history and development of BIM and IPD. A way forward is suggested for the future development of BIM and IPD. Findings The research revealed that the IPD approach is already ingrained within certain organisations and their supply chains. The issues of political will and business desire to change the existing procurement systems are examined. The need for fit with regional and national economic and cultural characteristics is a pre-requisite for successful change. Collaborative working, information exchange and trust only exist within the context of a trusted and reliable building information model that all can access, understand and manage. Originality/value This research pointed out that there is a need to overcome the institutional inertia that besets governments and their agencies and suggested that exemplar institutions and their projects are needed to lead the industry by integrating BIM into IPD through process change.

Behavior of land markets and restrictions on housing access in Buenos Aires between 2003 and 2013

2016 ◽  
Vol 9 (4) ◽  
pp. 538-553 ◽  
Author(s):  
Luis Baer ◽  
Mark Kauw
Keyword(s):  
Economic Growth ◽  
Real Estate ◽  
Latin American ◽  
Social Inclusion ◽  
Buenos Aires ◽  
Real Estate Development ◽  
Land Markets ◽  
Content Type ◽  
The Real Estate ◽  
The City

Purpose This paper aims to understand the paradoxal development in Buenos Aires, Argentina, where economic growth was not accompanied by improved housing access. The period between the years 2003 and 2013 was characterized by a sustained economic growth with social inclusion and a great expansion of both social and private housing supply in the cities of Argentina. However, this growth was not accompanied by an improvement in the overall access to land and housing. On the contrary, the habitation problems in terms of access to formal, environmentally safe and well-located land with decent facilities have worsened. The City of Buenos Aires is one of the places where this paradox is most manifested. Design/methodology/approach The functioning of the land markets and the real estate development in Buenos Aires will be analyzed in the period 2003-2013 in relation to the macroeconomic context, the monetary effort for the acquisition and rent of a formal dwelling and certain logics of urban development. Findings The rhythm of urban land valorization continuously surpassed that of other commodities and services. The expansion of residential production did not improve the access to formal housing. On the contrary, habitation issues have worsened and conflicts concerning access to land, housing and the city have rapidly increased since 2003. Originality/value In a Latin American context, this paper is the first to establish a conceptual relationship based on empirical data between land price dynamics and real estate development. The paper is also original in its identification of a change in valorization rhythm and pattern of real estate development in the past decade (2003-2013).

Project delivery systems for nZEB projects

Facilities ◽  
2016 ◽  
Vol 34 (1/2) ◽  
pp. 85-100 ◽  
Author(s):  
Mikko Kantola ◽  
Arto Saari
Keyword(s):  
Inductive Reasoning ◽  
Delivery Systems ◽  
Project Delivery ◽  
Integrated Project Delivery ◽  
Content Type ◽  
Construction Companies ◽  
Zero Energy Building ◽  
System A ◽  
Integrated Project ◽  
The Eu

Purpose – The paper aims to reveal the most functioning project delivery systems for nearly zero-energy building (nZEB) projects. The focus is set to reveal the qualities of the systems that support the nZEB goals and sustainability. Design/methodology/approach – Research method used in this paper is inductive reasoning. The reasoning is based on existing literature, and conclusions are drawn by combining pieces of that literature. Findings – The state-of-the-art heating, ventilation and air conditioning (HVAC) and insulation requirements of nZEB technology and the lack of experience in the industry regarding nZEB projects suggest that modern collaboration-based project delivery systems should be favoured. The authors found that the most suitable project delivery system for a standard nZEB project is the integrated project delivery (IPD), which binds the financial goals of the main parties together via a reimbursement solution: target pricing. The authors also found the construction management (CM) at-risk system a suitable solution, especially if it is modified by adding the tools utilised in the IPD approach, thereby making it an IPD lite system. Originality/value – The paper has value for the entire construction industry in Finland and European Union (EU). The owners and construction companies can use the findings in their development efforts towards nZEB construction. The EU 2020 nZEB degree makes all the findings concerning practicalities of nZEB projects valuable due to the lack of time and the lack of experience in the industry.

Green Building Implementation through Integrated Project Delivery System

2014 ◽  
Vol 1065-1069 ◽  
pp. 2177-2181
Author(s):  
Yun Hui Yang
Keyword(s):  
Delivery System ◽  
Transition Period ◽  
Green Building ◽  
Information Modeling ◽  
Project Delivery ◽  
Building Industry ◽  
Advisory Group ◽  
Integrated Project Delivery ◽  
Building Information ◽  
Integrated Project

The building industry is undergoing a substantial transition period. There are three significant trends that are driving these changes in the industry. These trends are building information modeling (BIM), sustainable design and construction (green), and integrated project delivery system (IPD). They are not only re-shaping the building industry, but also reshaping the construction management and career education. This paper presents the advantages and challenges of green building implementation through integrated project delivery system (IPD). Which was refined based on literature reviews, requests for information from professionals and members of the industry advisory group.

The Real Estate Development Process

2021 ◽  
pp. 363-383
Author(s):  
John Ratcliffe ◽  
Michael Stubbs ◽  
Miles Keeping
Keyword(s):  
Real Estate ◽  
Development Process ◽  
Real Estate Development ◽  
The Real ◽  
The Real Estate
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