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It’s 2021–is your 2021 expenditure funding consistent with your Facility Condition Assessment (FCA)? Is it it adequate? Is it optimized?
Funding optimization can be achieved by applying good engineering practices that keep the building in optimal condition while minimizing the operational costs required to do so. How do you accomplish this? By making decisions based on accurate data based on the latest codes, standards, and building condition assessment.
It doesn’t matter whether the building is residential, industrial, institutional, or commercial; all of these have common equipment and building components that have their own life expectancies. Determining the exact health of a facility’s components can aid in timely restoration and overhaul, which keeps the facility in an overall good state of repair. This, in turn, will significantly cut the extra operating costs and help preserve funding for future maintenance of the building.
This is where a Facility Condition Assessment (FCA) software comes in! It applies advanced algorithms that allows you to justify your renewal needs and make the best use of your funding, while helping you to balance your facility condition index (FCI) across all of your assets.
Furthermore, it gives you the capability to create unlimited funding scenarios for well-informed decision-making. You can create scenarios that best meet your needs, prioritize your facilities based on criticality, and build requirements that fit your budget.
By pursuing a comprehensive Building Condition Assessment and regularly updating the assessment data, you can build and optimize a building maintenance budget that both improves your bottom line and increases your profit margins.
Click to learn what type of Facility Condition Assessment is best suited for your facility!
On January 1, 2014, the Ontario Fire Code was amended (O.Reg.150/13) to improve fire safety in various facilities, including Homes for Special Care, Homes for the Aged, and Buildings with
Setting the Stage As the maintenance needs increase with a building’s age, building managers across the globe are surrounded by some difficult questions – Are the inspections completed on time?
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