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Ground-breaking new service offered by Jones Lang LaSalle on a technology platform powered by VFA.facility® and VFA.auditor®

Chicago, IL – June 21, 2010 – Jones Lang LaSalle has introduced a new service that allows corporations to conduct comprehensive real estate capital planning, enabling detailed insight into large portfolios coupled with powerful decision support analysis. The Life Cycle Asset Management (LCAM) service determines the condition of assets, prioritizes divergent capital needs, examines capital funding strategies, matches needs to funding, and monitors the progress of capital projects.

Built on VFA’s proven technology platforms, VFA.facility® and VFA.auditor®, LCAM starts with the review of individual assets and the portfolio as a whole with regard to required maintenance and the short- and long-term impact of deferring maintenance. For corporate real estate departments with a pre-determined annual capital budget, LCAM enables teams to focus on the highest priority projects. In other cases, LCAM may be invaluable in advising companies as to the optimal level of capital budget to meet critical goals.

“There is strong demand among corporate real estate directors for a way to identify capital project priorities over the course of several years, to ensure that annual capital budgets are used effectively and to provide guidance to senior management in regard to future budget needs,” says Bob Holtz, Vice President, Strategic Consulting. “Life Cycle Asset Management dramatically enhances transparency into total costs of current and potential projects—and in some cases, the cost of taking no action.”

How it works:
Using the VFA platforms in concert with its own technology systems, Jones Lang LaSalle professionals compare each asset’s age and condition to the assets replacement cost. The result is a Facility Condition Index (FCI) score that enables condition comparisons across a portfolio. The embedded project prioritization matrix aligns to each client’s strategic objectives and streamlines capital prioritization across the portfolio. Capital projects resulting from a range of triggering factors including asset uptime, fire/life safety issues, aesthetics as well as standard equipment renewal can now be prioritized together.

“Life Cycle Asset Management provides a streamlined system for performing sophisticated scenario planning across a large portfolio,” says Vivian Mumaw, International Director at Jones Lang LaSalle. “Different scenarios provide well-informed insight into the level of capital required to meet objectives, as well as the impact on portfolio operations if there is a shortfall of capital.”

Jerry Kokos, President and CEO of VFA, Inc., states, “VFA is pleased to power the Life Cycle Asset Management service offered by a leading worldwide comprehensive facilities management services firm; Jones Lang LaSalle clients will realize significant benefits in real estate portfolio planning and management.”

Benefits of LCAM include:

  • Visibility and tracking of capital requirements at the level of individual building system, complete facilities and across entire portfolios
  • Automatic calculation of data in accordance with the Building Owners and Managers Association’s (BOMA) “useful life” measure and RS-Means cost estimating.
  • Prioritization of capital requirements and projects aligned with strategic objectives.
  • Capital funding scenario planning and a comprehensive reporting package.

Facilities Management Journal (UK)

The British Journal of Healthcare Computing & Information Management (UK)

Summit Magazine

Reading, U.K. – June 7, 2010 – VFA, Ltd., a leading provider of end-to-end solutions for facilities capital planning and asset management, today announced the addition of Paul Gatland to its sales team. As a sales director, Mr. Gatland will now be responsible for targeting key education, government, corporate, and healthcare accounts in the U.K..

“For the past 18 years I’ve focused on developing strong relationships within the engineering sector,” said Paul Gatland, sales director, VFA, Ltd. “Now, I am pleased to parlay this experience to my work at VFA—encouraging ongoing adoption of the company’s capital management software and facility audit services in the U.K.”

Mr. Gatland previously served as an account manager at CDC Software, working closely with U.K. organisations to improve the problem resolution process, enhance the customer experience and drive business process and service improvements. Prior to joining VFA, he also held sales management and account executive positions at NJW Limited, Peregrine Systems Limited, MASS Systems, and Ground Modeling Systems Limited. Mr. Gatland began his career as a facility engineer at Irvin (GB) Ltd., followed by Coultaulds Betts & Company. He has a diploma in engineering management.

“As an increasing number of U.K. organisations now look to VFA to determine the current condition of facilities, the backlog of deferred maintenance and upcoming renewal requirements, we are thrilled to welcome Paulto our international team as Sales Director,” said Dick Underwood, senior vice president of sales at VFA, Ltd. “With his extensive experience in account management and his in-depth technical understanding of the unique challenges of facilities capital planning and management, we are confident that he will help countless organisations to create the foundation for successful long-term capital plans.”

Facility Management Journal