By Ameeta Soni, Chief Marketing Officer, VFA, Inc.
Here are four customer case studies that illustrate how a Facility Condition Index enabled these organizations to gain an accurate picture of their facilities and prioritize projects.
James Madison University
VFA.facility calculated the industry-standard Facility Condition Index (FCI), which is determined by dividing the total cost of existing requirements over the current replacement value of facilities. JMU’s facility portfolio had an average FCI of 0.32 – an FCI of over 0.10 means that the portfolio has conditions that should be addressed to meet the goals of “Best in Class” facilities management. Using the Facility Condition Index for individual buildings, JMU was able to decide which buildings to renovate and which to replace, and had clear data regarding what requirements to address and how to reduce the Facility Condition Index.
The Ottawa Hospital
The Ottawa Hospital is one of the largest academic health sciences center in Canada, serving more than 1.5 million people in Ottawa and Eastern Ontario. The hospital had a portfolio of aging buildings and facility conditions that varied widely across campuses. Using data gathered in facility condition assessments, the hospital leveraged VFA.facility’s strategic long-term facilities capital planning capabilities to develop comprehensive capital plans and multi-year budgets, taking into consideration the impact of multiple funding scenarios on the overall Facility Condition Index.
University of Massachusetts Medical School
The University of Massachusetts Medical School (UMMS) is one of the fastest growing academic health centers in the U.S. In addition to its core mission of medical education, UMMS is a world-class research institution, attracting over $174 million in research funding annually. As a heavily used facility with over 35 years in service, UMMS began to see increased operational issues and equipment at the end of its useful life. The school required a solution that provided tools for forecasting maintenance, renewal and capital spending. VFA’s assessment gave UMMS a prioritized list of deficiencies to roll into its capital plan, with cost calculations based on industry standards. VFA.facility provided a repository for managing this data, and enabled the generation of quantifiable metrics such as the Facility Condition Index.