US Government Efficiency Failure - Real Property Inventory Management

Miniseries on the US Government's Failure to Efficiently Manage its Built Infrastructure Portfolio

This Asset Management Partnership (AMP) Newsletter continues a miniseries that covers how the US Government is failing to manage its built infrastructure and how this problem can be solved.

Clear evidence of the US Government’s failure in its fiduciary duty to efficiently and effectively manage its built infrastructure need go no further than real property inventory reporting. The US Government has a long and dubious record of accurately counting its buildings and built structures. Most Federal agencies continue to fail in accurately reporting what it owns, what it leases, and the status of each asset. For those that do or are close to doing so, it has been a challenge to get there taking many years, even decades of concerted effort.

This concerted effort for agencies to accurately count and report their real property inventory began in 2004 with the release of Executive Order (EO) 13327 – Federal Real Property Asset Management. The first action established by this Executive Order was t…