After the completion of the facility condition assessments, Mississauga found that the current replacement value of their building and site assets was just under $1.3 billion. With a FCI of 0.12, the city’s portfolio was in good condition overall. Using VFA.facility as a decision tool, the city can run funding scenarios and prioritize projects, turning the results into defensible capital plans.
If you're like most facility management and asset management leaders in the public sector, you're probably already starting to think about your next budget request. However, deciding how much funding to request and which project to propose can quickly become a complex decision without any clear answers. Facility Managers and Directors are looking for best practices to determine what exactly should be included in a successful budget request.
Tags: public sector
Sarah McGing of Columbia College gives us her take on the benefits of switching to FAMIS in this video interview from Insights 2016!