Is Building Condition Modeling right for your organization? Here are three easy ways to tell.
- Do you purchase Facility Condition Assessments (FCAs) every 5-10 years?
You may rely on FCAs as part of your capital improvement planning. But the challenge of an FCA is its high cost and painstaking process. Consequently, you only have them done every 5-10 years at best, and some of your facilities may never see one at all.
The benefit of an FCA is the resulting report — a detailed snapshot of your current inventory and assessment of all major components and systems operating inside each building your organization owns. The downside is that this snapshot gets older and less reliable year after year, until eventually you can no longer trust the data, and a new round of FCAs is required. Thus, the cycle begins.
Break out of this rotation with Building Condition Modeling, because there’s a more cost-effective way to maximize your FCA dollars and keep your condition assessment data current.
- Do you have the data you need to accurately forecast capital improvement expenses over the next 5-10 years?
You don’t need FCAs in order to create your capital improvement forecast. BCM data can effectively provide the calculations you need for budgeting purposes between FCAs more easily and with less expense because it can be done in-house.
An FCA provides an exact cost at an exact moment in time. But BCM allows you to spend your FCA dollars on the right buildings at the right time. BCM also provides an estimate that allows you to forecast upcoming capital expenses critical for long-range capital improvement planning and budgeting.
In the same way that Building Information Modeling (BIM) is used to support the design phase of a new building, BCM should be used to support the maintenance and operation phase. Start your capital improvement planning with BCM and follow up with FCAs on the right buildings at the right time. Using BCM in conjunction with selective FCAs is not only a more efficient way to spend your FCA dollars, but it is extremely cost efficient in the long term.
- Can you answer five basic questions about each of your buildings?
BCM can empower your organization to accurately model a building’s condition by answering five basic questions:
- What is the age of the building?
- What is the square footage?
- What is the general use?
- How many stories?
- What is the existing facade?
Here’s how it works:
As part of a cloud-based system, BCM enables you to calculate a baseline of the current replacement value for each building. Once basic information on your facilities is entered, the system estimates the remaining useful life and the cost to replace the systems within each building. Most importantly, it calculates individual FCI scores, which can be used to compare the overall health of your facilities.
By comparing FCI scores, you quickly identify the buildings most in need of immediate attention. BCM enables you to decide on the buildings that are most likely to need work in the upcoming year and only order FCAs for those buildings, saving you time and money.
Using these simple inputs and relying on a database of over 100,000 FCAs, 4tell’s BCM system can determine when buildings and their assets are in most need of replacement and produce a long-range capital improvement forecast. 4tell’s BCM estimates lifecycle costs and replacement values associated with building assets using proprietary calculations and historical cost libraries — without the need for manual assessments or onsite engineers.