physical status of the building at the time of the inventory or audit, based
on the best judgment of those persons familiar with the physical characteristics
and condition of the campus.
Derivation. The most useful facilities management information is
produced when the inventory or audit rates each subsystem of a building.
This approach documents the building’s overall composite rating and provides
information about needed repairs or replacements. A facilities audit should
tie subsystem and overall composite ratings to the estimated building replacement
value to provide a rough estimate of the cost of rehabilitating or renovating
Description. Building condition has the following categories based
on the extent of renovation or restoration required:
Minimal Renovation (Good). Suitable for continued use with normal
maintenance. The approximate renovation cost is less than 5 percent of
building replacement cost.
Limited Renovation (Satisfactory). Requires restoration to present
acceptable conditions. The approximate cost of restoration is 5–15 percent
of building replacement cost.
Moderate Renovation (Fair). Requires updating or restoration.
The approximate restoration cost is 16–30 percent of building replacement
cost. The physical conditions may have an affect upon building operations.
Significant Renovations (Poor). Requires significant updating
or restoration. The approximate restoration cost is 31–45 percent of
building replacement cost. The physical conditions adversely affect building
Major Renovations (Unsatisfactory). Requires major restoration
with possible need to overhaul building subsystems. The approximate restoration
cost is 46–60 percent of building replacement cost. Consideration of
actual restoration requirements may lead to classifying the facility
as being in need of replacement.
Replace/Demolition. Should be demolished or abandoned because
the building is unsafe and/or structurally unsound, irrespective of the
need for the space or the availability of funds for a replacement. Additionally,
this category takes precedence over categories i-v. If a building is
scheduled for demolition, its condition is reported in this category,
regardless of condition.
Termination. Planned termination or relinquishment of occupancy
of the building for reasons other than unsafeness or structural unsoundness,
such as abandonment of temporary units or vacating of leased space. Additionally,
this category takes precedence over categories i-vi. If a building is
scheduled for termination, its condition is reported in this category,
regardless of its condition.