Examines a practical problem that arises in the Depreciated Replacement Cost (DRC) valuation of specialised property assets, particularly those owned by Central Government and the National Health Service which are subject to capital charging. The DRC approach values the site on a market basis...

Purpose – The paper aims to consider Red Book matters that have not previously been examined. Design/methodology/approach – This paper examines the provisions in the RICS Appraisal and Valuation Standards ( the Red Book ) for property professionals involved in the use of the definition of...

Purpose – The paper aims to explain the way the Scottish Executive, Scotland's devolved administration, transfers surplus property between its Departments, agencies and non‐departmental public bodies, which differs from the approach in England. Design/methodology/approach – The paper draws...

Purpose – This paper aims to examine the state of knowledge of performance measurement in facilities management, in particular regarding the concepts underlying benchmarking in relation to its ability to drive innovation in the industry. Design/methodology/approach – An evaluation of the key...

Purpose – This paper aims to examine the impact of social networking in the workplace and to assess its use as an effective business tool. Design/methodology/approach – The paper examines positive and negative perceptions of social networking in the workplace and provides a critical review...

Purpose – The purpose of this paper is to justify the need to integrate facilities management (FM) into the development process (DP) and establish a framework that potentially serves as a guide to optimise the value of FM in the property development industry. Design/methodology/approach –...