In 1996 the Federal Accounting Standards Advisory Board (FASAB) 1 enacted Standard Number 6, Accounting for Property, Plant, and Equipment (PP&E), the first gov

The deteriorating condition of federal facilities poses economic, safety, operational, and environmental risks to the federal government, to the achievement of

The federal government has invested more than $300 billion in 500,000 buildings and other facilities worldwide to support the provision of government services.

In 1996 the Federal Accounting Standards Advisory Board (FASAB) 1 enacted Standard Number 6, Accounting for Property, Plant, and Equipment (PP&E), the first gov

More than 30 federal departments and agencies with a wide range of missions and programs manage large inventories of facilities, also called portfolios. These p