Real Property – Best Management Practices

As a real property owner, can you answer the following questions?

  1. What is the Average Facility Condition Index – FCI?
  2.  What is the average cost of a Requirement relative to your Deferred Maintenance?
  3.  What is the average Requirement Cost per Square Foot?
  4.  What is the total Replacement Cost for your portfolio? Per Building?
  5.   What is the total Number of your building Assets?
  6.   What is the total Square Foot Area of your buildings?

Information-based decision support is critical to the efficient life-cycle management of the built environment.    How are you monitoring functionality, obsolescence, life safety, ADA, building codes, appearance, capacity, utilization, energy use, integrity …

These are just a sampling of basic data needed to better allocate your resources.

Federal Real Property Facility Managment