We walk through action in financial standards that affect the education facilities industry once per month; with special attention to the way money flows into physical infrastructure. About $75 billion is in play for new construction; often financed through bond offerings. Another ~$225 billion is in play just to operate and manage the physical infrastructure. Three hundred billion is about the size of Denmark’s entire economy and would make the wildly fragmented education facility industry a Fortune #3 Company.
Every dollar passing through the business or academic side of the education industry has rules for how it is received and tracked.* At the moment we track, but do not dwell. on the grant management standards asserted by state and federal funding agencies. When we do, we place them on the agenda of our Federal Regulations monthly teleconference when commenting opportunities are available.
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