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• Center for Facilities Research (CFaR)
• Facilities Performance Indicators (FPI)
• Strategic Assessment Model (SAM)

Financial Perspective
Facilities Condition Index

Performance Indicator:
Facility Condition Index

Strategy for Selection:
The Facilities Condition Index (FCI) is a comparative indicator of the relative condition of facilities. The F.C.I. is expressed as a ratio of the cost of remedying maintenance deficiencies to the current replacement value. The F.C.I. provides the facilities professional a method of measurement to determine the relative condition index of a single building, group of buildings, or the total facility (physical plant). This calculation also provides the facility professional a corresponding rule of thumb for the annual reinvestment rate (funding percentage) to prevent further accumulation of deferred maintenance deficiencies.

Deferred Maintenance Deficiencies Defined:
The total dollar amount of existing major maintenance repairs and replacements, identified by a comprehensive facilities condition audit of buildings, grounds, fixed equipment, and infrastructure needs. It does not include projected maintenance and replacements or other types of work, such as program improvements or new construction; these items are viewed, as separate capital needs.

Current Replacement Value Defined:
Current Replacement Value (CRV) is defined as the total amount of expenditure in current dollars required to replace the institution's educational and general facilities to its optimal condition (excluding auxiliary facilities). It should include the full replacement cost for all buildings, grounds, utility systems, and generating plants. Furthermore, it would meet the current acceptable standards of construction, and comply with regulatory requirements. It is recommended that the average total project cost per square foot, multiplied by the gross square footage of educational and general buildings be used for the building portion of current replacement value. The cost to replace grounds, utilities and generating plant should also be include to the extent they support general educational facilities. There will likely require an apportionment of total replacement cost for these components that is consistent with the educational and general facilities they service and should exclude the auxiliary portion. Insurance replacement values or book values should not be used.

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