Five things every FM should know about the Value of Asset Evaluations/Condition Assessments. Chapter Meeting July 9, 2014. Agenda Panel Introductions Are there different kinds of Asset Evaluations (or Condition Assessments?) What is included in the assessment?
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Asset Evaluations/Condition Assessments
July 9, 2014
Assists in big picture decisions
Typically important in management of larger portfolios/multiple departments/campuses
Assists in developing capital improvement plan
Universal to all facilities owner-managers
Condition Assessment Global
Identify Global Issues/Preventive Maintenance
Condition Assessment Detailed
Specific System Analysis
Capital Improvement Plans
Populate existing database
Candidate for Renovation or Demolition
Depends upon Building Type and Client Needs
The Key to Managing Risk is Knowledge:
What are my hazards?
What are my risks?
What are my options?
What are my plans?
Specific Assessment (Roofing):
Specific Assessment (Roofing):
On XXXXXXXXX the roof of the above referenced building was inspected by XX Professional Roofing Services, Inc. This roof condition assessment report contains the following:
•Description of the roof system and components.
•Notes on any known historical roof problems.
•Identification of any deficiency items and repair recommendations.
•Identification of current or ongoing maintenance items.
•Identification of preventative maintenance items.
•Projected life span of the roof system.
•Text and pictures to illustrate this roof assessment report.
This is a comprehensive report, which addresses all of the key elements of the roof system. If we may be of any further service, please feel free to call.
Are there unsafe conditions?
Is there deterioration present that could lead to bigger issues?
Are there changes to my maintenance plan needed to limit future issues?
Do I understand how my facility will perform in the event of an earthquake?
The Building Code:
“The purpose of the earthquake provisions herein is primarily to safeguard against major structural failures and loss of life, not to limit damage or maintain function.”
Typical Code Building
Building Performance Levels
A function of seismic hazard andbuilding performance
Not if, when…
Lifecycle, Maintenance, Replacement, and Risk
Next Steps: Mitigate, Repair, Replace
Plant Replacement Value
Financial Seismic Loss Potential
Mitigating Seismic Risks:
Develop standards for your facilities
Assess the risks of all facilities
Understand the consequences
Address the problems systematically
Create and adopt a post-disaster plan
Moderate EQ Loss (21days) = $95M
Major EQ Loss (70days) = $320M
Upgrade Cost ($90/sf) = $20M
Moderate EQ Loss (7 days) = $35M
Major EQ Loss (30 days) = $131M
Cost ROI at Major = 9.45
Upgrade Cost ($130/sf) = $30M
Moderate EQ Loss (0 days) = $0.4M
Major EQ Loss (5 days) = $22M
Cost ROI at Major = 9.93