Sustainability - Can it have a place in todays Construction World Essay

Sustainability - Can it have a place in todays complex body part World - Essay ExampleHowever, prices have been levelling off or coming blue since 2004. some(prenominal) drop in prices of real estate is bound to affect consumer spending, since a large amount is financed by loans taken out against the increased value of real estate. The present scenario of low interest rates, and high crude oil and home prices has the look of the 1970s just before the worldwide recession set in. This time the inflation whitethorn not be so bad because the governments and banks are less likely to make the blunders they did in the 1970s and to a fault the large work force of developing economies like China and India will help hold down the labour wage rates (Woodall).In July 1998, the Construction Task Force led by Sir John Egan produced its subject field Rethinking Construction (Duffy, 2002). The need for the Industry to improve its performance was highlighted and it was suggested that the then p eriod thinking and practices need to be drastically changed. The report highlighted the need for application of best practices toAs a demonstration of the changes, a series of Demonstration Projects showcasing the changed thinking, should be undertaken. The report suggested a need for a movement for change that would be a dynamic, inspirational and non-institutionalised movement to bring roughly a radical improvement. The report led to further action with the launch of the M4I Movement for Innovation in November 1998 (Azobuild). Constructing the Team was the title of the report of the aggroup commissioned by Government and Industry and led by Sir Michael Latham. This report emphasised the need for all elements of the Industry, namely, architecture, tendering, procurement and expression to work together as a team to redecisiveise the Industry and to engender high quality and high efficiency (Wikipedia).In this situation it is vital to understand the problems faced by the construct ion Industry (Industry) and the way forward to sustainability. Research ObjectivesThe objectives of the research would be to analyse the problems facing the Industry towards meeting the vision of the Egan and Latham reports and to suggest ways for improvement in current practices and systems. Special emphasis shall be placed on the need for improvement in costs, time and drop-off in defects. The research shall focus on the team approach where all elements of the Industry form a cohesive whole to deliver quality product at the lowest cost and in the shortest time. mountain range of the ResearchThe research shall be confined to the Industry and its primary guests, namely the housing aspect. Other types of construction where the client commissions a building or other civil construction in order to give tongue to on some other business activity are specifically excluded from the scope of the study. The report shall specifically address itself to the basic questions raised in the repor ts of the Egan and Latham committees on the industry having to readdress itself to focusing on becoming client targeted, integration into teams throughout the supply chain and developing a respect for people.Research MethodsThe objectives of the research shall be achieved by following a structured approach consisting of the following steps1. A detailed pursue