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Aspects of stakeholder engagement in the property development process

Författare

Summary, in English

There is uncertainty of how external factors will affect property development costs. Clarification and mapping of these external factors and how they impact the property development process is needed in order to gain insights into total development costs in the early stages of a project. The objective of the research reported in this paper is to understand the impact of external factors, for example stakeholders, in the property development process and to determine the extent to which they have influenced the project. The research is based on a case study consisting of two property development projects in south west Sweden. The cases showed that the total direct impact would amount to 25% of purchase price for the land. In addition, an indirect impact of about equal size due to delays in the process has to be considered. The total external impact, thus, amounts to 50-60% of purchase price for the land. In the light of these findings, the paper concludes with a suggested strategy for future property development projects.

Avdelning/ar

  • Construction Management

Publiceringsår

2007

Språk

Engelska

Publikation/Tidskrift/Serie

[Host publication title missing]

Dokumenttyp

Konferensbidrag

Förlag

Luleå University of Technology

Ämne

  • Construction Management

Conference name

4th Nordic Conference in Construction Economics and Organisation, 2007

Conference date

2007-06-14 - 2007-06-15

Conference place

Luleå, Sweden

Status

Published