This revised edition of an established classic textbook brings the
subject right up to date. It applies economic theory to the
formation of demand on the construction industry and to the way the
industry responds. This edition provides a topical assessment of
the implication for competition of new methods of procurement,
includes a new chapter on rehabilitation, repair and maintenance,
and extends the use of theory to issues such as the problems of
appropriate technology for developing countries, and contractors'
diversification.
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