Week 6

Question 1

What type of quadrants are there

Answer 1

1. User market, 2. Investment market, 3. Construction market, 4. stock adjustment market

Question 2

What is the four quadrant model for?

Answer 2

To explain coherence between the market for real estate space and real estate assets

Question 3

In a user market what wil happen?

Answer 3

Rent will increase, property price will increase, construction will increase, stock will increase

Question 4

How can the cap rate be calculated?

Answer 4

Cap rate = current annual net income/ property price

Question 5

What is cap rate

Answer 5

This is another word for yield (opbrengst)

Question 6

Cap rate decreases when?

Answer 6

Property price increases, construction increases, stock increases, rent decreases

Question 7

Of what consist the cost price?

Answer 7

Building costs+land costs+other costs

Question 8

The building costs are influenced by ?

Answer 8

Interest rate, regulations, land costs, financing

Question 9

What happens when the cost price increases?

Answer 9

Construction and stock decease, and rents and property price increases

Question 10

Demand curve has a … slope and supply curve has a … slope

Answer 10

Negative and positive

Question 11

When does re-development happen?

Answer 11

it should occur at the points at which the site value exceeds the existing property value

Question 12

What is the problem with re-developing buildings in central city

Answer 12

The buidlings could be very so it is not economicly a good option or it can real to deteriorating (verslechterd) environment

Question 13

Between who can a developer choose to carry out the building design

Answer 13

An architect and professional team or a contractor

Question 14

Needed for a good constructed building

Answer 14

Time, performance and costs

Question 15

Three standard types of contract arrangements

Answer 15

Design-bid-build contract, design and built contract and the managing contracting

Question 16

What is the design bid built contract

Answer 16

The design phase is completed before the constructor is sought. Typecally used for small - medium sized developments

Question 17

Who is involved in the DBB contract

Answer 17

Professuinal team who is led by the architect and the project manager

Question 18

Main resons for delay in DBB contact

Answer 18

Inadequancy and/ or errors in document, Architect makes drawing or instruction mistake, caused by tradesmes directly employwe by developer

Question 19

Advanteges DBB procurement

Answer 19

Competitive equity and fairness, Design led facilitates high quality design, flexible

Question 20

Disadvanteges DBB procurement

Answer 20

Strategy is potentially open to abuse which results in less certainty, approach is not fully promoted by all stakeholders, can lead to adversarial relationships between parties

Question 21

What is the design and build contract

Answer 21

Contractor is responsible for design and construction

Question 22

When is the D&B contract chosen?

Answer 22

Simple types of building sush as warehouses, Contractors have standard design for type of building, public sector for developing school, hospitals

Question 23

Advantages of the D&B procurement

Answer 23

Fewer uncertainties in the overall process, developer deal with one construction and inherent buidability is achieved

Question 24

Disadvantages of D&B procurement

Answer 24

Only limited numver of firms offer this, developer had to commit before detailed design is complete, changes to project scope can be expensive

Question 25

What is managment contracting

Answer 25

is engaged by a developer to manage the building process

Question 26

Advanteges of management contracting

Answer 26

Large and complex developments, fast construction at competitive price, flexibility to change design

Question 27

Disadvantages of management contracting

Answer 27

Imperative that brief is detailed and clear, Higher level of price uncertainty

Question 28

For the public sector there are 3 main procurements approaches

Answer 28

Public private partnership (PPP), Design & build, Prime contracting

Question 29

Examples of changing climate in BE

Answer 29

Decarbonization, enegry transition, reducing resource use

Question 30

How does system theory view the world?

Answer 30

As a complex system of interconnected parts