NON- TANGIBLE & TANGIBLE

BENEFITS IN THE PROJECT

WAYS TO IMPROVE IT

VAISHALI DHYANI| BUILDING ECONOMICS | 160823042

TANGIBLE BENEFITS

These are those benefits which are measured in monetary terms. These
benefits improve the productivity of process and personnel. It also
lowering the cost of products and
services purchased.

INTANGIBLE BENEFITS

These are those benefits that

cannot be measured in monetary
terms but they do have a very
significant business impact.

These benefits improve or

enhanced user experience. It also increases customer satisfaction,
compliance and brand equity.

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 WAYS TO IMPROVE TANGIBLE BENEFITS

• Improving cost reduction

• Increased revenue
• Increased productivity
• Low operating cost
• Reduced workforce
• Lower outside vendor cost
• Reduced facility cost
• Use of good quality material

WAYS TO IMPROVE NON-TANGIBLE COSTS

• Enhanced communication
• Customer loyalty
• Faster access to information
• Enhanced problem-solving skills
• Less unintended consequences
• Enhanced teamwork
• New product ideas

There are two method to improve these benefits

1- Savings by design
2- Improvements in construction process.

SAVING BY DESIGN

• Design flexibility and carefully considered site planning that

reduce the footprint of the building.

• Right sizing the facility while satisfying the need of the

owner.

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 • Efficiency in infrastructure, e.g. (saving on
surface area for paving, minimum length
sewer lines.)
• Downsized mechanical and electrical
equipment, nature ventilations etc.

• Increase the local economy, but reduce transport cost.

IMPROVEMENTS IN CONSTRUCTION PROCESS –

• These improvements may affect

the overall cost of the project.

• Environmentally conscious
construction practices can
markedly reduce site
disturbance, the quantity of
waste sent to landfills, and the use of natural resources
during construction.

• Demolition debris can be reused in site work.

• Cost of repair and replacement can be reduced by protecting

material and equipment.

• Also, minimize the prospect of adverse indoor air quality in

the finished building.

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