MARKET SECTOR REPORT BUILDING FOR THE FUTURE
FUTURE PERFECT ?
We need a new model for Return On Investment to account for the longer term value that intelligent building design provides for owners and investors , says Peter Greaves , Buildings of the Future Leader at Aurecon
A revolution in construction and maintenance of buildings of the future is not being adequately reflected in traditional Return on Investment ( ROI ) business cases and this is blocking important , forward-looking design innovations , and significantly damaging the future value of major building investments .
The short term focus on start-up and construction costs denies investors and building owners access to design innovations that are increasingly key to the construction of digitally smart , ‘ intelligent ’ buildings which use technology to dramatically improve operational efficiencies , employee productivity and reduce maintenance costs .
At Aurecon , we ’ ve explored a new narrative around the ROI of intelligent buildings to demonstrate the crippling effect that a short-term focus on start-up and construction costs often has on design innovation .
The property and construction industry is evolving dramatically as digital disruption , changed building practices and the need to respond to
Above : Peter Greaves , Buildings of the Future Leader at Aurecon , says traditional ROI models don ’ t accurately assess the full benefits of intelligent buildings .
Below : The Brian Lewis Atrium in the Melbourne School of Design is a striking example of how traditional concepts of building design are being overhauled , to the benefit of the building ’ s users .