Following the pandemic, investments in theconstruction sector are destined to reach exceptionallevels, with noteworthy effects on economicproduction, all while providing a very real opportunityto carry out projects that could resolve a good many ofthe critical problems currently affecting the towns, citiesand surrounding territory of Italy: problems such asaccessibility, the distribution of public resources andservices, and seismic and hydrogeological safety;foremost among these are problems plaguing structuralfunctions, as well as the lack of social and economicintegration in outlying urban areas. And yet there is arisk that pursuit of these objectives could be seriouslyhampered by distressing levels of inefficiency in theoverall organisation of the processes of intervention, aswell as the unwarranted influence of special interests,including, in some cases, infiltration by organised crime.The resulting situation presents an unacceptable ratioof resources allocated to the quality of results. Thispaper illustrates why significantly different forms ofgovernance should be adopted, together with a totallynew, innovative approach to organising the processesof intervention. A reference found to be especially useful in formulatingthe considerations developed in the paper was a criticalanalysis of the results - ultimately judged to be positive- of the project to replace the Morandi Bridge in Genoa,though mention was also made of the factors thatrender a generalised application of this example tofuture investments unfeasible. Instead we have focussed on certain aspects that, as wesee it, may prove useful in arriving at a new approach tomanaging project programs: first of all, theestablishment, at the heart of any project, and especiallythose that are particularly demanding in terms of sizeand/or quality, of a strong management function that,being in possession of all the necessary powers andknow-how, is responsible for successful performance ofthe work, meaning proper use of the availableresources, compliance with deadlines and pursuit of allthe objectives and standards of performance that gaverise to investment in the first place. To this end, planningquality is held to be of the utmost importance, and soplanning decisions should be supported by effectiveevaluation procedures. And such procedures, the paperargues, prove all the more effective when they supportfor each and every one of the phases of decision-making involved in planning, covering governance ofthe entire process, up to and including the actualexecution of the project.AbstractYou delight in laying down laws, Yet you delight more in breaking them.Like children playing by the ocean who build sand-towerswith constancy and then destroy them with laughter...... But while you build your sand-towers the ocean brings more sand to the shore.From The ProphetKhalil Gibran
The growing interest in the enhancement, management, and sale of public building stock has increased the importance of their valuation and, as a result, the need to identify suitable methods for estimating value that take into account their peculiarities. They often boast architectural features (interfloor distance, layout, finishings, types of wiring/heating systems, etc.) that make them ‘extraordinary’ assets; in some cases, these features also endow them with monumental and/or historical importance. Thus, when valuating, it is necessary to adopt suitable methods. Where comparable examples or income-based parameters specifically concerning buildings with special features are lacking, the Depreciated Replacement Cost (DRC) method is the only system that can be used to estimate their market value. This paper aims to show how the DRC method can be applied in this specific market. The theoretical part will be coupled with a practical section where the DRC method will be used to estimate the market value of an extraordinary landmark building in Rome (Italy), the Palazzo degli Archivi di Stato (the State Archives building), in the EUR district, sold by EUR S.p.A. group (formerly known as Ente EUR) in 2015.
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