December 9, 2020
Going for a Facility Condition Assessment? Know which one is ideal for you.
When it comes to Facility Condition Assessment, every Facility Manager has specific requirements and expectations. Whether the scope focuses on a limited inspection or involves a deep and comprehensive assessment of the building, understanding the crux of each project can mean a world of difference.
Now, many questions arise; how do you define the scope of your Facility Condition Assessment? How will you decide whether the assessment should be of 1-year, 5-year, or 25/30-year?
Based on the purpose of Facility Condition Assessment (FCA), we have explained the three types of FCAs, and which is one is ideal for you:
If You’re Selling a Building
If you’re selling a building, you need to conduct a pass-through inspection to know which parts of the building need immediate attention, whether it is repair or replacement. In this case, the FCA required is typically for 1 year. A 1-year FCA report generally includes the Immediate Repairs/Replacement Table, which identifies capital needs for the failing or damaged building systems, life safety issues, and code violations.
If You’re Buying a Building
If you’re buying a building, you need to know the exact condition of that building so you can deduct the maintenance cost from the price of the building. This is why you need to look at a broader picture when it comes to building acquisition. Hence, you should go for a 5-year FCA.
A 5-year FCA report generally includes 5-year Requirements, a 5-year Expenditure summary (Expenditure Chart, Expenditure Graph, Expenditure Table), Assessment summary (overview of site condition, mechanical/assessment systems, fire building information, etc.), Detailed system/requirement analysis (service life, actual age, Current Replacement Value, Requirement justification, and strategy, etc.), Renewal needs, and Facility Condition Index (FCI).
If You’re Maintaining a Building
If you have a building that needs to be maintained, you need to understand and evaluate the physical condition of your assets, build capital budgets, and prioritize the assets. And, the most important thing you need to do is secure the right amount of funding to keep your buildings in a good state of repair.
In order to do so, you need to have a 30-year or 25-year Facility Condition Assessment in place. A 30-year FCA will provide a more thorough accounting of the material components of each system, usually in the form of inventory tables. Because a 30-year FCA is designed to serve as a functional tool to maintain the facility over time, it will usually have more detailed estimates for the repair and replacement of systems and equipment than those you would find in a 5-year or 1-year FCA.
A 30-year FCA report provides both short and long-term information over a larger planning horizon, which will help in making strategic decisions regarding the fate of the asset. The long-term outlook will help you in deciding if short-term renewals are really necessary considering the long-term outlook of the building and to adjust the scope of the renewals.
A 30-year FCA report provides a similar kind of details as a 5-year, but with the flexibility to increase or decrease the funding while maintaining the assets in good condition.
In conclusion, different types of FCAs serve different purposes. We at Nadine understand that each project is unique and has specific requirements. That’s why we develop a unique and dynamic response to our clients’ requirements and provide custom solutions as per their planning needs.
We’re always ready to make all the difference in optimizing your facility for the future. Call us at (905) 602-1850 or send an email to our Director of Building Sciences, Ashar Khan at email@example.com.
Also, check out our step-by-step definitive E-book on Building Condition Assessment.
December 17, 2020
3 Ways a Facility Condition Assessment helps in Increasing SustainabilityRead More
September 16, 2020