The construction industry is unique in that it always builds individual prototypes for clients. In every major project, all project participants form a "temporary company" consisting of the client, planners, construction companies, suppliers, carriers and authorities. On the other hand, however, construction sites are not factory halls. Planning and controlling of many aspects of the project are limited. These include building ground and weather conditions, the traffic situation or price development for materials.
Our research unit Construction Economics and Management stands for the question of how such a "temporary company" can be set up to operate quickly and efficiently, considering all the external risks.
Construction Economics and Management operate in the intersection of technology, economics, law and social sciences. Focal points are project-specific tendering and awarding procedures, contract design and contract management, cost estimation and controlling as well as practical project and risk management.