Facility condition index FCI - Revision history

Designing Buildings at 09:59, 3 August 2022

2022-08-03T09:59:52Z

← Older revision		Revision as of 09:59, 3 August 2022
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	* Property management.		* Property management.

−	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Standard]] [[Category:Definitions]] [[Category:Cost_/_business_planning]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Standard]] [[Category:Definitions]] [[Category:Cost_/_business_planning]] [[Category:Operations]]

Designing Buildings at 07:30, 6 March 2021

2021-03-06T07:30:21Z

← Older revision		Revision as of 07:30, 6 March 2021
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	* Property management.		* Property management.

−	[[Category:~~Definitions~~]] [[Category:~~DCN_Definition~~]] [[Category:Cost_/_business_planning]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Standard]] [[Category:Definitions]] [[Category:Cost_/_business_planning]]

Editor at 19:59, 30 July 2020

2020-07-30T19:59:23Z

← Older revision		Revision as of 19:59, 30 July 2020
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	* Benchmarking as business tool.		* Benchmarking as business tool.
	* Construction Specifications Institute CSI.		* Construction Specifications Institute CSI.
		+	* Experience Exchange Report EER.
	* Facilities management.		* Facilities management.
	* Facilities management audit FMA.		* Facilities management audit FMA.
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	* Property management.		* Property management.

−	[[Category:Definitions]] [[Category:Cost_/_business_planning]]	+	[[Category:Definitions]] [[Category:DCN_Definition]] [[Category:Cost_/_business_planning]]

Editor at 15:47, 21 July 2020

2020-07-21T15:47:12Z

← Older revision		Revision as of 15:47, 21 July 2020
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	* Key performance indicators KPI.		* Key performance indicators KPI.
	* Maintenance.		* Maintenance.
		+	* MasterFormat.
	* Operational costs.		* Operational costs.
	* Property management.		* Property management.

	[[Category:Definitions]] [[Category:Cost_/_business_planning]]		[[Category:Definitions]] [[Category:Cost_/_business_planning]]

Editor at 16:48, 20 July 2020

2020-07-20T16:48:24Z

← Older revision		Revision as of 16:48, 20 July 2020
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	* Asset management.		* Asset management.
	* Benchmarking as business tool.		* Benchmarking as business tool.
		+	* Construction Specifications Institute CSI.
	* Facilities management.		* Facilities management.
	* Facilities management audit FMA.		* Facilities management audit FMA.

Designing Buildings at 06:11, 20 July 2020

2020-07-20T06:11:47Z

Editor at 09:27, 17 July 2020

2020-07-17T09:27:22Z

← Older revision		Revision as of 09:27, 17 July 2020
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	An accurate FCI is dependent on the cost estimates developed for the facility deficiencies and current replacement value.		An accurate FCI is dependent on the cost estimates developed for the facility deficiencies and current replacement value.

−	[[File:FCI.jpg]]	+	[[File:FCI.jpg\|link=File:FCI.jpg]]

	The higher the FCI, the poorer the condition of the facility. The International Facility Management Association offers the following scale:		The higher the FCI, the poorer the condition of the facility. The International Facility Management Association offers the following scale:

Editor at 18:59, 16 July 2020

2020-07-16T18:59:15Z

← Older revision		Revision as of 18:59, 16 July 2020
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−	Introduction	+	= Introduction =

	The facility condition index (FCI) is a benchmark in the facility management industry that is objectively used to assess the current and projected condition of a building asset. This tool is primarily used in the United States for facility asset management in government, education, housing, transportation and other organisations that operate and maintain multiple properties.		The facility condition index (FCI) is a benchmark in the facility management industry that is objectively used to assess the current and projected condition of a building asset. This tool is primarily used in the United States for facility asset management in government, education, housing, transportation and other organisations that operate and maintain multiple properties.

−	History	+	= History =

	The facility condition index (FCI) was initially released in the United States in 1991. It was published by the National Association of College and University Business Officers (NACUBO), which is an organisation with more than 1,900 members.		The facility condition index (FCI) was initially released in the United States in 1991. It was published by the National Association of College and University Business Officers (NACUBO), which is an organisation with more than 1,900 members.

−	Defining the facility condition index	+	= Defining the facility condition index =

	At the most basic level, the facility condition index is defined as the ratio of current year required renewal cost to current building replacement value. The purpose of FCI is to provide a means for comparison of the building’s condition as well as to allow decision makers to understand building renewal funding needs in tangible terms.		At the most basic level, the facility condition index is defined as the ratio of current year required renewal cost to current building replacement value. The purpose of FCI is to provide a means for comparison of the building’s condition as well as to allow decision makers to understand building renewal funding needs in tangible terms.
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	As a method of communicating this information to decision makers, FCI can be used as a key facility performance indicator (KPI) to:		As a method of communicating this information to decision makers, FCI can be used as a key facility performance indicator (KPI) to:

−	Monitor costs.	+	* Monitor costs.
−		+	* Track progress.
−	Track progress.	+	* Identify strengths and weaknesses.
−		+	* Compare data across and between facilities.
−	Identify strengths and weaknesses.	+
−		+
−	Compare data across and between facilities.	+

	This may help with comprehension of non-facilities personnel, since it summarises the comparison of figures against the budgeted values and external, real world benchmarks.		This may help with comprehension of non-facilities personnel, since it summarises the comparison of figures against the budgeted values and external, real world benchmarks.

−	Data from facilities conditions assessment (FCA)	+	= Data from facilities conditions assessment (FCA) =

	To determine the value of building assets, a facilities condition assessment (FCA) should first be conducted. A facility condition assessment is a complete review of the physical building assets based on age, construction techniques, design and materials.		To determine the value of building assets, a facilities condition assessment (FCA) should first be conducted. A facility condition assessment is a complete review of the physical building assets based on age, construction techniques, design and materials.
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	Once the information is gathered, the next step is to categorise condition assessment estimates based on established guidelines, such as those presented in the MasterFormat from the Construction Specifications Institute.		Once the information is gathered, the next step is to categorise condition assessment estimates based on established guidelines, such as those presented in the MasterFormat from the Construction Specifications Institute.

−	Calculating FCI	+	= Calculating FCI =

	FCI equals the total cost of the existing maintenance, repair, or renewal of the facility divided by the total estimated replacement value (or CRV, current replacement value) of the facility.		FCI equals the total cost of the existing maintenance, repair, or renewal of the facility divided by the total estimated replacement value (or CRV, current replacement value) of the facility.

−	The value of the facility will be based on the monetary value the ~~organization~~ places on the facility based on data collected from the FCA.	+	The value of the facility will be based on the monetary value the organisation places on the facility based on data collected from the FCA.

	An accurate FCI is dependent on the cost estimates developed for the facility deficiencies and current replacement value.		An accurate FCI is dependent on the cost estimates developed for the facility deficiencies and current replacement value.

−	~~<br />~~	+	[[File:FCI.jpg]]
−		+
−		+
−	~~https~~:~~//ets~~.~~eppley.org/fmss_foundations/course-content/asset-management-process-amp/facility-condition-index-fci.html~~	+

	The higher the FCI, the poorer the condition of the facility. The International Facility Management Association offers the following scale:		The higher the FCI, the poorer the condition of the facility. The International Facility Management Association offers the following scale:

−	Good: 0 to 5% FCI.	+	* Good: 0 to 5% FCI.
−		+	* Fair: 5% to 10% FCI.
−	Fair: 5% to 10% FCI.	+	* Poor: 10% to 30% FCI.
−		+	* Critical: greater than 30% FCI
−	Poor: 10% to 30% FCI.	+
−		+
−	Critical: greater than 30% FCI	+

	A building with a low number (such as one below 10%) is generally considered to be in the good range. A rating over 10% would indicate a poor effective age for the building and the greater the need for repair.		A building with a low number (such as one below 10%) is generally considered to be in the good range. A rating over 10% would indicate a poor effective age for the building and the greater the need for repair.
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	However, FCI alone should not be used as a sole indicator of a facility’s condition - it should only serve as a baseline measurement since it does not apply to the whole building. Individual components or systems within the building can also be measured separately using the FCI in order to help maximise the whole life of the building.		However, FCI alone should not be used as a sole indicator of a facility’s condition - it should only serve as a baseline measurement since it does not apply to the whole building. Individual components or systems within the building can also be measured separately using the FCI in order to help maximise the whole life of the building.

−	FCIs for multi-facility organisations	+	= FCIs for multi-facility organisations =

	If an organisation has multiple facilities, the FCI can be used to compare ratings throughout its portfolio for historical purposes. It can also be used to assign acceptable ratings for specific types of buildings within their portfolios. For instance, a mission critical building can be prioritised for improvements over other facilities.		If an organisation has multiple facilities, the FCI can be used to compare ratings throughout its portfolio for historical purposes. It can also be used to assign acceptable ratings for specific types of buildings within their portfolios. For instance, a mission critical building can be prioritised for improvements over other facilities.
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	* Facilities management audit FMA.		* Facilities management audit FMA.
	* Facility condition assessment FCA.		* Facility condition assessment FCA.
		+	* Key performance indicators KPI.
	* Maintenance.		* Maintenance.
	* Operational costs.		* Operational costs.

Editor: Created page with "Introduction The facility condition index (FCI) is a benchmark in the facility management industry that is objectively used to assess the current and projected condition of a bu..."

2020-07-16T18:55:22Z

Created page with "Introduction The facility condition index (FCI) is a benchmark in the facility management industry that is objectively used to assess the current and projected condition of a bu..."

New page

Introduction

The facility condition index (FCI) is a benchmark in the facility management industry that is objectively used to assess the current and projected condition of a building asset. This tool is primarily used in the United States for facility asset management in government, education, housing, transportation and other organisations that operate and maintain multiple properties.

History

The facility condition index (FCI) was initially released in the United States in 1991. It was published by the National Association of College and University Business Officers (NACUBO), which is an organisation with more than 1,900 members.

Defining the facility condition index

At the most basic level, the facility condition index is defined as the ratio of current year required renewal cost to current building replacement value. The purpose of FCI is to provide a means for comparison of the building’s condition as well as to allow decision makers to understand building renewal funding needs in tangible terms.

As a method of communicating this information to decision makers, FCI can be used as a key facility performance indicator (KPI) to:

Monitor costs.

Track progress.

Identify strengths and weaknesses.

Compare data across and between facilities.

This may help with comprehension of non-facilities personnel, since it summarises the comparison of figures against the budgeted values and external, real world benchmarks.

Data from facilities conditions assessment (FCA)

To determine the value of building assets, a facilities condition assessment (FCA) should first be conducted. A facility condition assessment is a complete review of the physical building assets based on age, construction techniques, design and materials.

Once the information is gathered, the next step is to categorise condition assessment estimates based on established guidelines, such as those presented in the MasterFormat from the Construction Specifications Institute.

Calculating FCI

FCI equals the total cost of the existing maintenance, repair, or renewal of the facility divided by the total estimated replacement value (or CRV, current replacement value) of the facility.

The value of the facility will be based on the monetary value the organization places on the facility based on data collected from the FCA.

An accurate FCI is dependent on the cost estimates developed for the facility deficiencies and current replacement value.

<br />

https://ets.eppley.org/fmss_foundations/course-content/asset-management-process-amp/facility-condition-index-fci.html

The higher the FCI, the poorer the condition of the facility. The International Facility Management Association offers the following scale:

Good: 0 to 5% FCI.

Fair: 5% to 10% FCI.

Poor: 10% to 30% FCI.

Critical: greater than 30% FCI

A building with a low number (such as one below 10%) is generally considered to be in the good range. A rating over 10% would indicate a poor effective age for the building and the greater the need for repair.

Even if a facility is in a good range, its condition should be documented on a regular basis. It can be used to prioritise maintenance and help determine how long a building should stay in operation based on its rating. For instance, if a building with a 15% FCI rating is scheduled for redevelopment in three or four years, inexpensive maintenance projects can be prioritised to keep the building running up until demolition is scheduled; meanwhile, expensive maintenance projects can be deferred as long as they don’t prevent the building from being used.

However, FCI alone should not be used as a sole indicator of a facility’s condition - it should only serve as a baseline measurement since it does not apply to the whole building. Individual components or systems within the building can also be measured separately using the FCI in order to help maximise the whole life of the building.

FCIs for multi-facility organisations

If an organisation has multiple facilities, the FCI can be used to compare ratings throughout its portfolio for historical purposes. It can also be used to assign acceptable ratings for specific types of buildings within their portfolios. For instance, a mission critical building can be prioritised for improvements over other facilities.

= Related articles on Designing Buildings Wiki =

* Asset management.
* Benchmarking as business tool.
* Facilities management.
* Facilities management audit FMA.
* Facility condition assessment FCA.
* Maintenance.
* Operational costs.
* Property management.

[[Category:Definitions]] [[Category:Cost_/_business_planning]]

← Older revision		Revision as of 06:11, 20 July 2020
Line 1:		Line 1:
	= Introduction =		= Introduction =

−	The facility condition index (FCI) is a benchmark in the facility management industry that is objectively ~~used to~~ assess the current and projected condition of a building ~~asset~~. This tool is primarily used in the United States ~~for facility asset management~~ in government, education, housing, transportation and other organisations that operate and maintain multiple properties.	+	The facility condition index (FCI) is a benchmark used in the facility management industry that objectively assess the current and projected condition of building assets. This tool is primarily used in the United States in government, education, housing, transportation and other organisations that operate and maintain multiple properties.

	= History =		= History =

−	The facility condition index ~~(FCI)~~ was initially ~~released~~ in the United States in 1991. It was published by the National Association of College and University Business Officers (NACUBO), ~~which is~~ an organisation with more than 1,900 members.	+	The facility condition index was initially launched in the United States in 1991. It was published by the National Association of College and University Business Officers (NACUBO), an organisation with more than 1,900 members.

	= Defining the facility condition index =		= Defining the facility condition index =

−	At ~~the~~ most basic level, the facility condition index is defined as the ratio of current year required renewal cost to current building replacement value. The purpose of FCI is to provide a means for ~~comparison of~~ the building’s condition ~~as well as to allow~~ decision makers to understand building renewal funding needs ~~in tangible terms~~.	+	At its most basic level, the facility condition index is defined as the ratio of current year required renewal cost to current building replacement value. The purpose of FCI is to provide a means for assessing the building’s condition and allowing decision makers to understand building renewal funding needs.

	As a method of communicating this information to decision makers, FCI can be used as a key facility performance indicator (KPI) to:		As a method of communicating this information to decision makers, FCI can be used as a key facility performance indicator (KPI) to:
Line 18:		Line 18:
	* Compare data across and between facilities.		* Compare data across and between facilities.

−	This may ~~help with comprehension of~~ non-facilities personnel, since it summarises the comparison of figures against the budgeted values and external, real world benchmarks.	+	This may improve understanding by non-facilities personnel, since it summarises the comparison of figures against the budgeted values and external, real world benchmarks.

	= Data from facilities conditions assessment (FCA) =		= Data from facilities conditions assessment (FCA) =

−	To determine the value of building assets, a facilities condition assessment (FCA) should ~~first~~ be conducted. ~~A facility condition assessment~~ is a complete review of the physical building assets based on age, construction techniques, design and materials.	+	To determine the value of building assets, a facilities condition assessment (FCA) should be conducted.This is a complete review of the physical building assets based on age, construction techniques, design and materials and so on.

−	~~Once the information is gathered, the~~ next step is to categorise condition assessment estimates based on established guidelines, such as ~~those presented in~~ the MasterFormat from the Construction Specifications Institute.	+	The next step is to categorise condition assessment estimates based on established guidelines, such as the MasterFormat from the Construction Specifications Institute.

	= Calculating FCI =		= Calculating FCI =

−	FCI ~~equals~~ the total cost of the existing maintenance, repair, or renewal of the facility divided by the total estimated replacement value (or CRV, current replacement value) of the facility.	+	FCI is the total cost of the existing maintenance, repair, or renewal of the facility divided by the total estimated replacement value (or CRV, current replacement value) of the facility.

	The value of the facility will be based on the monetary value the organisation places on the facility based on data collected from the FCA.		The value of the facility will be based on the monetary value the organisation places on the facility based on data collected from the FCA.
Line 43:		Line 43:
	* Critical: greater than 30% FCI		* Critical: greater than 30% FCI

−	~~A building with~~ a ~~low number (such as one below 10%)~~ is ~~generally considered to be~~ in ~~the~~ good range. ~~A rating over 10% would indicate~~ a ~~poor effective age~~ for the building ~~and~~ the ~~greater the need for repair~~.	+	Even if a facility is in a good range, its condition should be documented on a regular basis. It can be used to prioritise maintenance and help determine how long a building should stay in operation. For instance, if a building with a 15% FCI rating is scheduled for redevelopment in three or four years, inexpensive maintenance projects can be prioritised to keep the building running until demolition is scheduled; meanwhile, expensive maintenance projects can be deferred as long as they don’t prevent the building from being used.

−	Even if a facility is in a good range, its condition should be documented on a regular basis. It can be used to prioritise maintenance and help determine how long a building should stay in operation based on its rating. For instance, if a building with a 15% FCI rating is scheduled for redevelopment in three or four years, inexpensive maintenance projects can be prioritised to keep the building running up until demolition is scheduled; meanwhile, expensive maintenance projects can be deferred as long as they don’t prevent the building from being used.	+	Individual components or systems within the building can also be measured separately using the FCI in order to help maximise the whole life of the building.
−		+
−	~~However, FCI alone should not be used as a sole indicator of a facility’s condition - it should only serve as a baseline measurement since it does not apply to the whole building.~~ Individual components or systems within the building can also be measured separately using the FCI in order to help maximise the whole life of the building.	+

	= FCIs for multi-facility organisations =		= FCIs for multi-facility organisations =

−	If an organisation has multiple facilities, the FCI can be used to compare ratings throughout its portfolio ~~for historical purposes~~. It can also be used to assign acceptable ratings for specific types of buildings within their portfolios. For instance, a mission critical building can be prioritised for improvements over other facilities.	+	If an organisation has multiple facilities, the FCI can be used to compare ratings throughout its portfolio. It can also be used to assign acceptable ratings for specific types of buildings within their portfolios. For instance, a mission critical building can be prioritised for improvements over other facilities.

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =