Handbook on Facilities

Part 4: Ways and Means

Because of the high cost of building, equipping, and maintaining science facilities, the specter of ways and means— fund-raising, budgeting, and financing— will always be on the table. The project must be the right one for this time for the constituency from whom you seek grants and gifts. It must be an appropriate and timely use of internal funds (allocated or reallocated) or to expand or restructure long-term debt, and it must fit into your long-term institutional priorities for renewing program and plant.