i. The Built Environment

The built environment encompasses the physical spaces, structures, and systems created or modified by humans. It includes buildings, infrastructure, and land-use patterns that shape how people live, work, move, and interact with economic and social systems.

Asset Lifecycle

The full span of a built asset’s existence, from planning and construction through operation and eventual reuse or decommissioning.

Built Asset

A physical structure or system created for human use, such as buildings, roads, or utilities.

Capital Asset

A long-lived built asset that requires significant investment and generates economic value over time.

Construction

The process of physically creating or assembling built assets according to design and specifications.

Design Phase

The stage where functional, structural, and aesthetic aspects of a built asset are defined.

Infrastructure

Foundational systems that support economic activity and daily life, including transportation, energy, water, and communications.

Land Use

The allocation of land for specific purposes such as residential, commercial, industrial, or public use.

Operations

The ongoing management, maintenance, and use of built assets after construction.

Physical Environment

The tangible surroundings shaped by natural and built elements.

Urban Fabric

The spatial arrangement and interconnection of buildings, infrastructure, and public spaces.