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There’s a common notion in the industry that estimators can take last year’s price for a given material and add a couple percentage points to account for any increases. But there are two issues with this mindset - issues that are solved by quarterly construction material cost updates.

The COVID-19 pandemic has drastically shifted priorities for many organizations. Find out how our VFA software and facilities expertise can help with capital planning during COVID.

Due to COVID-19, deferred maintenance on HVAC systems is a greater hazard than ever before. The new System Vulnerability Index in VFA Capital Planning Software can help you better understand the condition of your ventilation systems for reopening.

Meet Kykloud, your new mobile survey and inspection app. Kykloud gives you a simple, consistent, guided process to collect condition surveys, inspections and lifecycle asset management across your entire portfolio

VFA Capital Planning Software platform helps facilities professionals objectively model multi-year capital plans that optimize and align real estate portfolio investments with their mission. By centralizing asset and facility information, this cloud-based software provides the forecasting tools managers need to efficiently gather and maintain facility condition data and then leverage that data to optimize budget decisions about maintenance and capital planning.

VFA Capital Planning Software features a comprehensive knowledge base that supports the collection and management of a wide range of asset information, including location, structure, type, uses, conditions, requirements and their associated costs, plus related projects and plans.

Facility condition assessments provide a wealth of information about the current conditions and deficiencies of an organization’s real estate portfolio. However, to remain an effective foundation for capital planning, this information must be updated continually to reflect both completed improvements and new requirements.

Real estate is the second largest expense on the income statement for most companies, typically right behind labor. Managing all the information related to those facilities and their related systems can be an ongoing challenge.

Facilities benchmarking can help facilities managers understand how their assets and buildings compare to their direct peer group and across industries, develop strategies for targeting improvements and build defensible budgets.