What is Building Economics

• " economics of building is described as focusing " on the application of quantitative techniques using financial criteria for the provision of financial advise to the design team '. 
• Raftery ( 1991) - Building economics is about a combination of tecnical skills , informal optimizations cost account , cost control , price forecasting and resource allocation '. 
• BUilding economics is concerned with the allocation of scarce resources such as land , labour capital and enterprise .