Published in the Corporate Real Estate Journal - Volume 12, Number 1
The connection between capital planning, facility data and FCAs
The average age of a commercial building in the US is 53.08 years. In many cases, these aging facilities don’t receive the capital improvements required because of inadequate capital planning methods.
This paper examines the shortcomings of current capital planning methods, most notably the facilities condition assessment (FCA). The FCA, as we know it, does not provide the data and other deliverables needed for effective capital planning. However, new technologies are changing that.
Read this paper to learn how technology is improving the value of the FCA as a capital planning tool by providing better visibility into the current state of facilities.
Credit: This paper was originally published by Henry Stewart Publications, in the Corporate Real Estate Journal.