Facility condition index definition

Facility condition index. (FCI) means a numerical rating or building condition score based on measured data or assessment of physical components or systems. The condition of a building is expressed as a ratio of the Cost to Repair Deficiencies, or “Deferred Maintenance” (DM) divided by the Current Replacement Value (CRV) of the building. The formula is:

Facility condition index means a methodology established

Facility condition index means a calculation to determine the relative

Examples of Facility condition index in a sentence

• The FCI is:Cost of repair Cost of replacement Facility condition index The cost of repair is determined by a detailed building condition assessment (industry standard approach), a review of past capital investment, current work and patterns of operating maintenance costs.

• In this process, the asset manager first identifies the maintenance that was deferred, and then he/she tries to provide an estimate of the current costs of that deferred maintenance.The Facility condition index (FCI), [17] is a comparison metric calculated as the costs of deferred maintenance divided by the CRV.

• Facility condition index =Cost of Deficiencies Current Building ValueThe campus condition ratings will continue to be evaluated on the three-tier scale asshown above.

More Definitions of Facility condition index

Facility condition index means a methodology established by the division for comparing the cost of repairing the condition of a public school academic facility to the cost of replacing the public school academic facility with a public school academic facility containing the same amount of square footage.

Facility condition index or “(FCI)” means a measure of physical condition calculated with the formula: ((1 - the observed percentage of remaining life) x replacement value) / current replacement value. The FCI is represented as a percentage of depleted expected lifespan and can neither exceed 100% nor be less than 0%. Lower percentages represent better conditions.

Facility condition index means a calculation to determine the relative physical condition of public school facilities by dividing the total repair cost of a facility by the total replacement cost of a facility.

Facility condition index means that particular index obtained by dividing the existing condition costs (that cost to bring a public school academic facility up to current standards) by the facility’s replacement cost, using data for such costs available in 2004 or later data if the Division has such data available.

Facility condition index has the meaning set out in Appendix 4H [General Management Services]; “Facility Condition Report” has the meaning set out in Appendix 4H [General Management Services]; “Facility Maintenance Payment” has the meaning set out in Schedule 8 [Payments];

Facility condition index means a methodology established by the division for comparing the cost of repairing the condition of a public

Facility condition index. ’ means, as of the date of