Smart Capital Planning Begins with a Facility Condition Assessment
Smart capital planning begins with your biggest ticket items, which are almost always primary and auxiliary facilities. Depending on the property, there may not have been a thorough inspection for years, possibly decades. Missing, inaccurate and out of date data doesn’t help.
Oliver Construction, Inc., Design/Build (OCI) can conduct a full, detailed Facility Condition Assessment to assist you in making the right decisions for your assets. That way, you can effectively link the facilities capital planning activity with your overall strategic planning. You’ll also get accurate, up-to-date data on your facility assets, their condition, and what needs to be done to be sure they support their role in your organization’s goals.
What OCI Does
OCI Design/Build’sFacility Condition Assessment (FCA) involves a team of one or more specialists inspecting each system in a building to understand its condition. You might start with a model of each building before sending teams to do the full assessment. Systems include all mechanical, electrical, plumbing and architectural elements in a building. There can easily be upwards of 80 systems in a building. Their condition is based on any deficiencies and the remaining useful life of the system. With this information, you can determine when system repairs and renewals will be required. Summing up the condition of each system can give you the overall facility condition, allowing you to target the proper level of investment based upon the function of the facility.
What do you get from an OCI FCA?
- An understanding of what’s in your portfolio and the condition of each facility
- Visibility into the appropriate level of capital funding for each building and across the portfolio
- Prioritization of facilities capital plans that aligns with the organization’s mission and goals
Why do an OCI FCA?
Even if your organization is not required to do an FCA, there are numerous compelling reasons to do so.
- Short-term financial needs: how much is needed to remediate a particular facility? Is this a building we should keep or dispose?
- Competitive needs: do we have an environment that employees, students, and/or the public want to be in?
- Long-term mandates: how do we manage our portfolio over the next 20+ years? Are there opportunities to leverage bulk purchases?
- Building stewardship: Where should the condition of each building be so we are investing the right amount? What’s the best way to invest capital to be meet organizational needs?