An examination of the accounting and financial management in the process of "green building construction."
Written in 2009; 1,605 words; 3 sources; APA; $ 52.95
Paper Summary:
This paper discusses green building construction and points out that this design saves energy as well as money. The paper explains that green building construction is vital and is a determinative of project success. The paper also explains that the individual needs to take the initiative in addressing construction design and development and associated costs as well as funding, marketing and sales. In addition, the paper tells us that green building construction holds great financial promise for the future. A graph of taxes by state is included with the paper.
Outline:
Objective
Introduction
Significance of study
Methodology
Literature Review
Findings and Conclusion
From the Paper:
"The work of Andrew Meyerson (2005) entitled: "The Dollars and Cents of Green Construction" states that green construction and design can not only save energy but also can result in monetary savings in the areas of: (1) Tax breaks and rebates; (2) Lower construction costs; (3) Reduction or elimination of the need for heating and air-conditioning equipment and the associated costs of purchase, maintenance and electricity; (4) Reduction in energy and water bills by as much as fifty-percent; (5) Increase in labor productivity, retail customer sales and apartment rental prices; and (6) Protection of operating budgets from increases in energy prices. (Meyerson, 2005, p. 2) Meyerson relates that practically all states offer incentives in the form of reduction of taxes for construction that is friendly to the environment. (2005, p. 4) Additionally in green construction projects where a pre-existing structure is on the construction site, cost savings may be realized through reuse of as much of the existing structure as possible. Additionally, is it necessary to be aware of the attitudes that serve as drivers of the choice of clients to use the firm and added to this is the fact "that commercial 'green buildings' outperform their conventional counterparts across a wide variety of metrics, including energy savings, occupancy rates, sale price and rental rates, another very practical and often times overlooked data for improving the cash flow of the client is the "energy efficient commercial building tax deductions.""
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