Author: McClintock, David L.
Published In: Formula Budgeting: An Approach to Facilities Funding
Summarizes "Budgeting for Maintenance Should be Based on Present Replacement Cost" by Walter W. Kraft, published in 1950. Calls Kraft article a landmark article on formula budgeting, based on 15 years of analysis. Describes Kraft's formula for building maintenance budgeting.
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