Asset Management Flashcards
1
Q
How much business capital is held in real property
A
30 to 40 per cent
2
Q
How much of an organisations annual operating cost is property related
A
10 to 20 per cent
3
Q
What are the four phases of the property life cycle
A
Development
Use
Refurbishment
Disposal/ Redevelopment
4
Q
What is the definition of obselence
A
No longer functional implying a decline in utility
5
Q
What is depreciation
A
The measure of the wearing out, consumption or other reduction in the useful economic life of a fixed asset
6
Q
How long before a building needs refurbishment
A
Quality of competing buildings
Market conditions
Existing tenant demands
Cultural changes
