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Managing capital expenditures using value engineering



Managing capital expenditures using value engineering



Cornell Hotel and Restaurant Administration Quarterly 39(2): 30-37



To offset the expense of capital projects, most hotel contracts require the operating firm to set aside a percentage of revenues each year in a reserve for replacement. While this practice does provide funding for capital projects, it uses capital inefficiently and may not provide adequate reserves for all capital expenses.

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Accession: 003195784

Download citation: RISBibTeXText

DOI: 10.1016/s0010-8804(98)80009-8


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