The United States real property portfolio is critical infrastructure that provides places and means for the federal government to operate and generate the products, services, security, and assurances that contribute to national prosperity and values. This report identifies broad-based, practical, and compelling strategies for securing continuing investment in the renewal of federal real properties and portfolios. Strategies to Renew Federal Facilities focuses on the how- not the what - for adapting, repurposing, restoring, recapitalizing, and replacing real property assets. Table of ContentsFront MatterSummary1 The Purpose of and Need for This Report2 The Operating Context for Federal Facility Renewal Strategies3 Federal Facility Asset Management Systems4 Improving Estimates of Renewal Costs5 Strategic Planning Process6 Budgeting: Impactful Resource Decision Making7 Conclusions and RecommendationsReferencesAppendixesAppendix A: Biosketches of Committee MembersAppendix B: Committee Interviews and BriefingsAppendix C: Communicating the Message EffectivelyAppendix D: Doing Due Diligence: Government Accountability Office Reports on Renewal of Federal FacilitiesAppendix E: The Operating Context for Federal Facility Renewal StrategiesAppendix F: Facility Asset Management PrinciplesAppendix G: Value, Benefits, and RisksAppendix H: Findings and Recommendations
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