Facilities condition index definition

Facilities condition index means the cost to fully repair the building divided by the
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Examples of Facilities condition index in a sentence

  • The Facilities Condition Index of the building as calculated by dividing the total estimated construction costs to completely repair the building by the current replacement value of the building.(2) The Department shall establish a template for Districts and their Certified Contractors to use to collect the information required in (1).(3) Districts and Certified Contractors shall use the template established by the Department to provide the final report to the Department in electronic format.Stat.

  • Under a Managed Care program, the recommended facility maintenance operating budget (not including utilities) is 3.5% of Current Replacement Value (CRV), with a corresponding Facilities Condition Index (FCI) of between 0.10 and 0.20.

  • One metric used to assess deferred maintenance is the Facilities Condition Index (FCI).

  • New capital construction is the largest component of overall costs and depends on the Facilities Condition Index (FCI) of existing buildings, as well as district-level enrollment projections.

  • New capital construction is the largest component of overall costs and depends on the Facilities Condition Index (FCI) of existing buildings and district-level enrollment projections.

  • The Central Energy Facility has a Facilities Condition Index of 0.03 and the Satellite Energy Facility, which was built in 2006, has a Facilities Condition Index of 0.02.

  • Facilities Condition Index (FCI) – The dollar value of deferred maintenance as a proportion of facility replacement value at each college and university.

  • That, for a period of time deemed appropriate by the Board, the Board consider an amount up to $5 million be withheld from universities operating funds for the exclusive use toward payment of debt incurred as part of the Deferred Maintenance Initiative and that the report includes a proposed formula that incorporates the Facilities Condition Index for each campus when determining a Universities assessed portion of the $5 million.

  • The current statewide Facilities Condition Index is 0.1946 for the assessed buildings.

  • Prepare a Facilities Condition Index for each of the sites with reference to remaining useful life of systems and costs to repair/replace systems.

Related to Facilities condition index

  • Closing Level : means the official daily Closing Level of the Index as published by the Index Sponsor in relation to each Scheduled Trading Day during the Investment Term.

  • Payment Conditions means, at the time of determination with respect to a proposed payment to fund a Specified Transaction, that:

  • Concentration Reserve Percentage means, at any time of determination, the largest of: (a) the sum of the five (5) largest Obligor Percentages of the Group D Obligors, (b) the sum of the three (3) largest Obligor Percentages of the Group C Obligors, (c) the sum of the two (2) largest Obligor Percentages of the Group B Obligors and (d) the largest Obligor Percentage of the Group A Obligors.

  • Municipal Revitalization Index means the 2007 index by the

  • Loss Reserve Percentage means, on any date, the product of (i) 2.25 times (ii) the highest average of the Default Ratios for any three consecutive calendar months during the twelve most recent calendar months times (iii) (A) the aggregate credit sales made by the Originator during the four most recent calendar months, divided by (B) the Net Receivables Pool Balance as of such date.