Saving Money on a Long-term Home-The Economic Analysis of Insulated Concrete Forms for Utilization in Minnesota

Presenter Information

James Wilson, Minnesota State University - Mankato

Location

CSU Ballroom

Start Date

20-4-2015 10:00 AM

End Date

20-4-2015 11:30 AM

Student's Major

Construction Management

Student's College

Science, Engineering and Technology

Mentor's Name

Mohamed Diab

Mentor's Email Address

mohamed.diab@mnsu.edu

Mentor's Department

Construction Management

Mentor's College

Science, Engineering and Technology

Description

In today’s rapidly growing technologically advancing society we have found many ways to become more efficient in a lot of different areas, and as of lately the use of Precast Concrete could revolutionize the Residential Construction field. This study examines the differences of Precast Concrete in Residential construction and the Traditional Residential Construction methods for a 2000 square foot, two-story home. The analysis will consist of comparisons in average amount of money saved on heating and cooling per year, initial costs, and the difference of value over a large amount of time. There will be research presented on multiple milestones of time such as short-term, time at which the two types of homes have the same cost, and long term. Multiple companies will be contacted for both types to find averages of price and quality of products. This study focuses on the economic benefits of Precast Concrete in Residential use, but benefits on quality will be briefly covered to give a description of a product fairly new to the Residential market in the Midwest.