"Target Issues"
Economic Viability & Compatibility – Prosperity
Definition – Economic viability and compatibility – Prosperity
Projects must be economically feasible and able to secure financing, whether from public, commercial, co-operative, or concessional sources, while having a positive impact on society and the environment. Avoiding the wasteful consumption of material resources and limiting greenhouse emissions, an economy of means in construction is to be pursued. Construction must adhere to the logic of circular economies.
- Funding sources and profits earned must be legitimate and transparent.
- Projects should cover operating costs throughout their use-cycle, with returns generated benefitting local communities.
- Integration of the project into the wider economic framework of local, regional, and global monetary flows.
- Demonstrate flexibility to adapt to future changes of user needs, ownership, laws, and regulations, not to mention adaptability to economic fluctuations.
- Robust economic models are sought that take unpriced external costs into consideration from the outset and consider ways to equitably distribute a project's benefits over time.
- Contribute to the reduction of harmful emissions and the overall CO2 balance of a structure’s use-cycle.