The Facility Condition Index (FCI) is an industry standard indicator of the overall condition of a building. The number is the ratio of the total amount of Deferred Maintenance Projects divided by the current building's Current Replacement Value.
To begin, enter your values for deferred maintenance and the building's replacement values in the fields below:
Uh oh, based on your inputs, your building has a poor FCI rating! Don’t despair, there are options to get your building back into a better condition.
You should consider the following options:
Ok, your building is showing some signs of wear, but it’s not too bad. Typically buildings in the fair category have one or two major systems (HVAC, windows, interior finishes, etc.) that are classified as deferred maintenance. An assessment can bring these projects to light, helping you to secure the funding to get them mitigated and your building into good or excellent condition.
Good job! Your annual renewal funding has got or kept your building on track. Keeping a building in good or excellent condition is a tough challenge, resist pressures to reduce funding for this building and stay vigilant on upcoming capital renewal projects before they become deferred maintenance.
Wow! This building is in great shape. Make sure any deferred maintenance that exists isn’t any of the building’s critical systems and if not, you can consider diverting some of your funding towards buildings with greater needs.
Continue Get your building's annualized renewal estimate
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Now that you have a sense of what your building's FCI is, you can then add in the values of known capital renewal, capital improvement projects, and any recommended studies and assessments to see your building's liabilities as a total project cost.
Once established, those costs can be viewed in a five, ten, or twenty year window as the annualized renewal cost. The annualized renewal cost is the amount you need to budget for this building, each year of your budget term.
Continue See other inudstry annualized renewal benchmarks and get your building summary
Now that your building's FCI is established along with its total project costs and annualized renewal total, you can begin benchmarking those costs against other industry standard criteria such as the Time-Weighted Method (Sherman Dergis) and the Plant Replacement Value (PRV) of 2%. This will give you a good understanding of where you building sits in terms of its condition and level of annual renewal funding.
Time-Weighted Method (Sherman Dergis)
The Time-Weighted Method (Sherman Dergis) allows for adjustments to both the age of the building and offsetting the value of building renovations that likely occurred in the past. The Sherman Dergis method is only valid for buildings up to 50 years of age that have had been renovated.
With the PRV, the institution looks to set aside at least 2% of the building's PRV as an annual renewal target. However, our experience has shown that often 2% is not enough to keep pace with the future needs of the building and recommends 4% as a more aggressive funding threshold if the intuition can sustain it.
Continue Get your complete building summary
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