6.2.3 Ongoing Capital Plan

Understanding building preservation concepts and implementing a building preservation process enables postsecondary institutions to create an ongoing capital plan that requires modest efforts to maintain and update. As subcomponent conditions change, they can be re-evaluated to generate revised current values and condition-related costs. A corrective project can then be developed, analyzed, modeled, and scheduled.

Buildings, facilities, and sites can be viewed in the aggregate as an institution’s facilities portfolio that is periodically measured in terms of replacement cost, deterioration, current value, and operating cost changes reflecting the presumable positive impacts of the ongoing capital program and projects.