Financial management of planned maintenance for housing associations

Autor:	John Dagpunar, H. Gow, Graeme Bowles
Rok vydání:	1997
Předmět:	Finance Financial management Renting business.industry Planned maintenance Economics Asset management Building and Construction business Industrial and Manufacturing Engineering Stock (geology) Management Information Systems
Zdroj:	Construction Management and Economics. 15:315-326
ISSN:	1466-433X 0144-6193
Popis:	Since the Housing Act 1988, UK housing associations (HAs) have been responsible, with the removal of government grants, for funding all maintenance necessary for the upkeep of new stock over its lifespan. Sinking funds (SFs) have to be created, out of rental income, that are adequate to finance the long term projected maintenance demand. This paper reviews the use of SFs for building asset management with particular reference to the requirements being made of HAs. Current assumptions of what constitutes an adequate level of SF investment by their funding agencies are questioned with an analysis of case study data. Using linear-programming, the benefits of modelling an SF over merely calculating it are demonstrated. The technique is used to formulate SF strategies, some of which admit the possibility of going into deficit in the future, and these are compared with results from conventional SF projections. Finally, the effect that varying element and component lifespans can have on SF projections are invest...
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::151dec98d1ea00dbc0ed945eb39f5be2 https://doi.org/10.1080/014461997372872 Zobrazit plný text záznamu Plný text ve formátu PDF