Ive, G; Murray, A; Marsh, R; (2015) Cost and value ratios of operating renewed English secondary schools. Building Research & Information , 43 (4) pp. 465-485. 10.1080/09613218.2015.1021143.

Preview

Text Murray_cost_and_value_ratios.pdf Download (1MB) | Preview

Abstract

The relative cost ratios of facility construction and operations, and the value generated from building use have been much debated in recent years. Relative values of these ratios are likely different between alternative facility types. Empirical analyses of ratio estimates are presented for English secondary schools over recent years. Findings challenge established views of the relative cost ratios of 1 (construction), 5 (facility management) to 200 (operations or staff), suggesting the ratios are actually 1/1/5 respectively. The study also estimates the value of investing in schools in terms of improved outcomes, applying educational attainment data for rebuilt schools. These are converted into monetary values using wage uplift indicators. This produces estimates of expected economic benefits (increased productivity and output) and benefits to government via future tax receipts (financial return). Findings suggest the present value of future tax revenues alone do justify investing in school rebuilding. Average economic returns are positive but highly variable, with high dispersion in expected benefits. These benefits are positive only in half the rebuilt schools. The results will help inform allocation of public resources in schools, while also assisting management of the growing independent and semi-autonomous school estate.

Download activity - last month

Export as JSONCSVXML

Download activity - last 12 months

Export as CSVXMLJSON

Downloads by country - last 12 months

Export as XMLCSVJSON

Archive Staff Only

View Item