College campus buildings along with lighting, HVAC/R systems, and laboratory equipment are generally considered pure cost centers. With Internet of Things technology, these systems have evolved into data resource centers with collected business intelligence.
VFA Facility Condition Assessment Services help organizations get the accurate, objective and defensible condition data needed to maximize facility budgets and secure funding. The ability to integrate gathered data with the proven VFA.facility® software offers unparalleled decision support for strategic corporate facility management. Read more.
When it comes to effective capital planning for large portfolios, facilities professionals often learn that spreadsheets lack key capabilities, including built-in cost estimation based on industry norms, objective project prioritization, centralized data storage, and the ability to scale. Learn about the 5 key limits of spreadsheets and how you can overcome them to improve your facilities capital planning. Register Today!
VFA, the only offering of its kind that enables organizations to capture the granular data they need on every facility they have and objectively model multiyear year investment scenarios to establish a comprehensive database of the state of every asset the own and look at the long-term outcomes for any level of spending.
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.
With VFA’s Funding Buckets feature, you can more easily and effectively implement your capital budgeting strategies to maximize the effectiveness of your campus' capital funding.
Facility condition assessments provide a wealth of information about the current conditions and deficiencies of an organization’s real estate portfolio. However, in order to remain an effective foundation for capital planning, this information must be continually updated to reflect both completed improvements and new requirements. Read more.
Without a consolidated capital planning system, facilities professionals often have only limited insight into operational issues that could significantly impact planning. Facility directors may be uncertain about how recently-completed projects will impact their annual funding requirements. At the same time, executives don’t have a clear picture about how spending on facilities could support strategic organizational goals and objectives. Learn how VFA.facility can help.
VFA FacilityView unlocks the value of VFA.facility data for stakeholders across the organization, including executives, department heads, risk managers, environmental or energy managers, building occupants and community members. It provides quick and secure access to key information about the entire facilities portfolio on a desktop or mobile tablet.
Get more value from your Facilities Capital Spending. The VFA capital budgeting solution helps organizations utilize facilities capital planning to reduce risk, lower costs, improve operational efficiency and enhance customer satisfaction.
With a vast portfolio, the biggest burden for the Infrastructure of Ontario was the management of Excel spreadsheets from across the province. "VFA has simplified the ability to create one comprehensive 10-year capital plan for 1,000 buildings in 15,000 line items rather than 15,000 spreadsheets,” said Marion Birkenhead, capital planning manager, Infrastructure Ontario.
Over the past two years, the University has changed its methodologies in how it executes building condition assessments. With the new assessments and VFA Facility, the University is able to break down the system-by-system components to help better identify the specific areas that need attention. With VFA Facility, the University has also been able to implement rules around entering information to promote data cleanliness and accuracy.
Using VFA Facility, the Facilities team reduced their time frame for creating budgets, improved forecasting, and was able to create comprehensive reports that enabled them to get “buy-in” from university leadership as well as building occupants. Since the adoption of VFA Auditor, JMU inspectors are able to assess four times more square feet in a fiscal year using the same resources. Time spent in the office was reduced dramatically from two weeks to two days because of the direct data feed into VFA Facility.