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Aspects of stakeholder engagement in the property development process

Olander, Stefan LU ; Johansson, Rasmus and Niklasson, Björn (2007) 4th Nordic Conference in Construction Economics and Organisation, 2007 In [Host publication title missing]
Abstract
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... (More)
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. (Less)
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Chapter in Book/Report/Conference proceeding
publication status
published
subject
in
[Host publication title missing]
publisher
Luleå tekniska universitet
conference name
4th Nordic Conference in Construction Economics and Organisation, 2007
language
English
LU publication?
yes
id
681820ed-476e-4536-aaf4-b37c3c5452be (old id 922398)
date added to LUP
2008-01-25 18:36:39
date last changed
2016-06-28 14:41:24
@inproceedings{681820ed-476e-4536-aaf4-b37c3c5452be,
  abstract     = {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.},
  author       = {Olander, Stefan and Johansson, Rasmus and Niklasson, Björn},
  booktitle    = {[Host publication title missing]},
  language     = {eng},
  publisher    = {Luleå tekniska universitet},
  title        = {Aspects of stakeholder engagement in the property development process},
  year         = {2007},
}