BUILDING MAINTENANCE POLICY FORMULATION: A Market Oriented Approach
BUILDING MAINTENANCE POLICY FORMULATION: A Market Oriented Approach
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Date
1996-08
Authors
ROTIMI, JAMES OLABODE BAMIDELE
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Abstract
Building Maintenance has been a neglected area in its
technological, managerial and above all economic aspects until recently
in Nigeria. The turn towards it has been largely due to the worsening
economic situation, resulting in high cost of new construction. The
emphasis in this study is to present the need for well managed
programmes to extend the lives of built space and at the same time
ensure continuous and satisfactory returns for the owner. In the
conditions of the market, the returns should not be less than those
obtainable from other investment opportunities.
It behoves Real estate owners therefore, to put in place Building
Maintenance Policy consistent with these philosophy, thus the value of
the asset should be preserved as long as possible.
In an attempt to present this view, the economic significance of
building maintenance is discussed, and it is agreed that an optimum
balance of maintenance action need to be sought since over-maintenance
and under-maintenance are not economical.
The need for the implementation of the right Building Maintenance
Policy, important considerations for its formulation and the procedure
involved, within the context of the market economics, is the object of
the study. It is in this light that the author sees the defination of
Building Maintenance as the sequence of action (policy) of preserving
the usability of buildings to continually give Building Owners a benefit
in the property market within the buildings' life cycle
Description
being a thesis submitted to
Department of Building
Faculty of Environmental Design
of
Ahmadu Bello University
Zaria, Nigeria.
IN PARTIAL FULFILMENT OF THE REQUIREMENTS
FOR THE AWARD OF THE DEGREE OF
MASTER OF SCIENCE (M.Sc.) CONSTRUCTION MANAGEMENT
AUGUST 1996
Keywords
BUILDING,, MAINTENANCE,, POLICY FORMULATION,, Market Oriented Approach