Managing Government Property Assets

Managing Government Property Assets

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Governments own a vast array of real property--from large stretches of land to public housing projects, from water distribution systems and roads to office buildings. Typically, management of public property is highly fragmented, with responsibility for each type of asset falling within a different agency or bureaucracy. In almost all countries, different classes of property are managed according to their own rules, often following traditional practices rather than any assessment of what type of management is appropriate. Over the past decade, however, a new discipline has emerged that examines this important component of public wealth and seeks to apply standards of economic efficiency and effective organizational management. Managing Government Property Assets reviews and analyzes this recent wave of activity. The authors draw upon a wide variety of national and local practices, both in countries that have been leaders in management reforms and in countries just beginning to wrestle with the problem. This comparison reveals that the issues of public property management are surprisingly similar in different countries, despite striking differences in institutional contexts and policy solutions.role was expanded to include the management of three significant government assets: the Ontario Realty Corporation (ORC), the ... to as an Operational Services Agency (OPS), and generally delivers goods and services with no or minimal fees. 19. For example, one successful bidder was awarded property management for some 30 million square feet of space (2.8 million square meters) in Toronto andanbsp;...

Title:Managing Government Property Assets
Author: Olga Kaganova, James McKellar
Publisher:The Urban Insitute - 2006

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