Purpose – The paper aims to examine the investment in Scotland's further education (FE) estate as an example of public sector capital investment. It looks at the sector's modernization, which has previously suffered from under‐investment, to provide a built environment that meets the...

This paper examines the way valuers working for Central Government apply the RICS Appraisal and Valuation Manual (the Red Book), its definition of depreciated replacement cost valuation and its effects on Government policy on public sector listed buildings, capital charging and Inner City...

In the current climate of outsourcing services the extent to which facilities managers make use of external contractors to supply property valuations and appraisals has grown significantly. In‐house facilities or property managers in the UK that are members of the Royal Institution of...

In 2003 HM Treasury published a revised “Green Book”, otherwise known as The Green Book Appraisal and Evaluation in Central Government – a technical guide, which is designed to help decision makers appraise and evaluate capital expenditure decisions more effectively. Coincidentally, the...

Purpose – To examine the way the Government accounting and capital charging system allows for depreciation. Like the private sector, it is designed as an accounting measure of the consumption of assets. Unlike the private sector, it has no tax implications. Beyond accounting for asset...

Purpose – The purpose of this paper is to provide an update on the work of the Scottish Government in modernising the Scottish compulsory purchase system by publishing two fresh circulars to guide acquiring authorities and a number of other measures short of legislation. It is anticipated that...

Purpose The paper aims to examine how Scottish facility and estate managers have developed estates and facilities management strategies to ensure that the Scottish government civil estate has remained fit for purpose in a period of rapid social, economic and technological change, and political...

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...