VFA.facility 10 Supports Multiple Cost Sources for Optimally Estimating the Cost of Facilities Capital Expenditures
BOSTON—March 13, 2012—VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and asset management today announced version 10 of its flagship software product, VFA.facility®. The latest release adds support for multiple cost sources, enabling facility managers and their partners to estimate the cost of materials, labor and equipment used in capital renewal and repair projects with even greater accuracy.
VFA.facility software enables organizations to both manage information about facility assets and leverage that information in the creation of capital projects, plans and budgets. Building construction cost data from RSMeans®, North America’s leading supplier of construction cost information, is embedded in VFA.facility, ensuring reliable cost projections for deferred maintenance .
VFA.facility 10 lets users estimate the cost of capital renewal and repair based on multiple cost sources, in addition to RSMeans, including those specific to a geography, vertical market or specialized building type. Customers and partners now have the flexibility of choosing the most appropriate cost estimation sources within the software for the specific requirements of a project or facility, employing third-party cost sources as well as proprietary cost estimation data. For organizations with facilities in North America and the U.K., Building Cost Information Service (BCIS), the U.K.’s leading source for building construction data, is also embedded in VFA.facility, enabling the use of best-in-class data across regions.
“When we surveyed our customers last year, a majority indicated that they wanted the ability to incorporate cost information from multiple sources,” said Jerry Kokos, CEO of VFA. “We’re pleased to be able to respond to their needs with the latest release of VFA.facility, which demonstrates our commitment to data objectivity, accuracy and relevancy, the essentials of any capital planning program. Accurate cost estimates for capital projects are the foundation for optimal strategic facilities capital planning and management decisions.”
VFA will be demonstrating VFA.facility 10 at Booth # 2339 at the National Facilities Management & Technology (NFMT) Conference & Expo, March 13-15, 2012, at the Baltimore Convention Center.
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