VFA’s Capital Planning Software Helps Academic Institutions to Prioritize Facilities Projects, Obtain Needed Funds
BOSTON—November 09, 2011—VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and asset management, today announced that The University of Texas at Austin has been selected by Maintenance Solutions as the winner of its 2011 Maintenance Solutions Achievement Award. The University of Texas at Austin, with more than 19 million square feet of buildings, uses VFA.facility®, VFA’s capital planning and management software solution, and VFA.auditor®, a Web-based guided self-assessment tool, to help the university to make accurate funding decisions to support renovation and renewal projects.
The Maintenance Solutions Achievement Awards recognize accomplishments in maintenance, engineering and grounds management. The University of Texas at Austin, one of the largest public universities in the United States with over 51,000 students, was selected as a winner in the Financial Management category for its prioritization of facilities projects to maximize efficient use of funds. The University worked with VFA to provide campus-wide, detailed facility condition assessments over a period of eight years. In 2010, the university began to use VFA.auditor, a Web-based guided self-assessment tool, to conduct assessments with its own facilities staff. Based on the use of accurate, current condition data to show the need for more renovation funds, The University of Texas at Austin secured a funding increase from $12 million in 2002 to $18 million in 2010.
“We really wanted to be able to show everyone, from the president to the associate deans and the student body, the condition of the school,” said Dr. Steven Kraal, Senior Associate Vice President for Campus Planning and Facilities Management at the University. “We wanted to show them that every time you give us a dollar, we’re going to give you back every cent of it.”
“In 2002, the majority of facility improvement dollars at The University of Texas at Austin were going to renovation rather than renewal; today, the university dedicates 85 percent of funds to renewing building systems,” said Jerry Kokos, president and CEO, VFA, Inc. “We are pleased that the Campus Planning and Facilities Management department has been recognized by the 2011 Maintenance Solutions Achievement Award. With their long-term strategy to gather objective information about facility needs and successfully leverage that information to obtain needed funding, they set a powerful example for other academic institutions.”
From state university systems to private colleges, VFA helps educational institutions maximize their current investment in facilities and infrastructure while effectively planning for future needs. VFA has assessed hundreds of educational facilities, including academic institutions with a specialized focus such as medical schools and research centers.
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