University Consortium Honored by the Real Property Institute of Canada
BURNABY, B.C.—November 29, 2010—VFA Canada Corporation, the leading Canadian provider of solutions for facilities capital planning and asset management, today announced that its client, the Ontario University System, has been named a winner of the Real Property Institute of Canada’s Real Property Awards, which honor innovation, achievement, quality and leadership in the real property community. The Ontario University System is being recognized in the “Best Practices in Service Excellence” category, having determined that with an aging infrastructure and a growing deferred maintenance backlog, they needed to develop long-term facility capital plans for each of the universities as well as for the System as a whole.
The Ontario University System is comprised of 19 universities across the province, including schools such as Carleton University, University of Guelph, Queen’s University and the University of Toronto, with a total of 357,000 full-time students. The entire System encompasses over 70 million square feet of facilities, with a current replacement value of approximately $20 billion. 49% of the System’s funding comes from the provincial government.
The Ontario University System implemented a Facility Condition Assessment Program (FCAP) as part of an integrated Capital Planning and Management Solution (CPMS) from VFA Canada. Each of the system’s universities assessed a portion of its building portfolio each year and captured this information within VFA.facility®, a central database and decision support tool for managing and analyzing facility information. Initiated in 2001, the VFA system provided objective data which was used to obtain $93 million in deferred maintenance funding by the Ontario government in 2003, an increase of $40 million over previous years, and has resulted in an average increase of $80 million annually since then.
“VFA Canada began working with the Ontario University System to provide consistent and comprehensive facilities data to the Ontario University presidents, governing boards and the provincial government—while delivering best practice facility management tools to the universities’ facilities departments,” said Susan Anson, general manager of VFA Canada Corporation. “We are very pleased that these efforts have been successful, and that the Ontario University System’s work with our company serves as a model for other Canadian institutions looking to develop long-term facility capital plans.”
The results of this year’s Real Property Awards were announced at the 23rd Annual Real Property National Workshop at the Metro Toronto Convention Centre (November 23 – 25, 2010).