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Investments in Federal Facilities : Asset Management Strategies for the 21st Century

By: (Author) Board on Infrastructure and the Constructed Environment , (Author) Committee on Business Strategies for Public Capital Investment , (Author) Division on Engineering and Physical Sciences , (Author) National Research Council

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Ksh 8,100.00

Format: Paperback / Softback

ISBN-10: 0309089190

ISBN-13: 9780309089197

Publisher: National Academies Press

Imprint: National Academies Press

Country of Manufacture: US

Country of Publication: GB

Publication Date: Jun 24th, 2004

Print length: 160 Pages

Product Classification: Technology, engineering, agriculture
Technology: general issues
Engineering: general

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There is a growing litany of problems with federal facilities that put a drain on the federal budget and compromise the effectiveness of federal services. This report presents a review of both public and private practices, and identifies appropriate objectives, practices, and performance measures. It provides a series of recommendations.
Facilities now owned by the Federal Government are valued at over $300 billion. It also spends over $25 billion per year for acquisition, renovation, and upkeep. Despite the size of these sums, there is a growing litany of problems with federal facilities that continues to put a drain on the federal budget and compromise the effectiveness of federal services. To examine ways to address these problems, the sponsoring agencies of the Federal Facilities Council (FFC) asked the National Research Council (NRC) to develop guidelines for making improved decisions about investment in and renewal, maintenance, and replacement of federal facilities. This report provides the result of that assessment. It presents a review of both public and private practices used to support such decision making and identifies appropriate objectives, practices, and performance measures. The report presents a series of recommendations designed to assist federal agencies and departments improve management of and investment decision making for their facilities.

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