Investments and maintenance spending for public facilities: what do we know and what do we want to know
ISSN: 0263-7472
Article publication date: 23 May 2023
Issue publication date: 15 November 2023
Abstract
Purpose
There is widespread and long-lasting worry related to the condition of public purpose buildings and public investments. Public buildings make up a huge capital stock and proper maintenance and investments are important for public policy. Notwithstanding, the relevant research literature is fragmented and spread across several fields. The authors take stock of earlier and more recent research and suggest some ideas for future research.
Design/methodology/approach
The authors summarize the relevant literature and discuss implications of various theoretical assumptions and empirical findings for maintenance and investment strategies.
Findings
A better understanding of the role of public facilities in public service provision is important. Relevant topics for further research are the impact of technological changes, both in buildings and service provision, economic issues including macroeconomic shocks and trends that influence public funding and demand for public services, and advancing maintenance scheduling models to consider a portfolio of facilities. Further, the empirical literature suffers from a lack of relevant data to gauge both the condition of public facilities and their impact on public services.
Originality/value
There is widespread worry that poor facilities adversely impact public services, but the size and significance of this impact are an open question. This paper contributes by taking stock of the existing research on public facilities, maintenance, and investments, and suggest ideas for further work.
Keywords
Citation
Hopland, A.O. and Kvamsdal, S. (2023), "Investments and maintenance spending for public facilities: what do we know and what do we want to know", Property Management, Vol. 41 No. 5, pp. 662-680. https://doi.org/10.1108/PM-04-2022-0030
Publisher
:Emerald Publishing Limited
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