Facilities Management • 1318 Maple St, Golden, CO • 80033 • 303-273-3330


Facility Audit Overview
An audit is conducted to assess the physical condition of the campus buildings and utility
systems. The results of the audit provide a score defined as the Facility Condition Index
(FCI). In basic terms, it is the repair cost divided by the replacement value.

The audit results provide a useful tool for facility planning. The magnitude of building
system deficiencies is identified and summarized on score sheets. The deficiencies can
be prioritized by individual system or by building and used to justify funding requests for
Controlled Maintenance and Capital Construction. The audit results give the campus
administration an indication of the usefulness and long-term outlooks for the campus’
physical assets.

Audit Data
Summary sheets were prepared for each component used in calculating the FCI. The
summary sheets provide the following information:

Facility Identification- the facility is identified by building name, year built, and
replacement cost.

Building Evaluation Table- the building evaluation table summarizes the audit
data for the building. It contains the following:

Component- each building is broken down and scored by major
components including the foundation, roof, plumbing, etc. These
components will vary from building to building (e.g., all building do not
have elevators.)

Component Condition Value Multiplier- the auditor rates each building
component as to how the current condition has deteriorated from the new
condition. A score of 10 would indicate that no deterioration has taken
place and the component is in the same condition as it was when it was
new. The rating is a subjective score assigned by the audit team.

Component Percentage of Total Cost- is the fraction of the buildings cost
associated with the component based on the RS Means Square Footage
Costs. For example, a roof with a multiplier of 8 means that the cost of
the roof is 8% of the total building cost. The sum of all the factors by
definition would add up to 100%.


Component Current Value- is determined by multiplying the Component
Condition Value Multiplier by the Component Percentage of Total Cost
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Facilities Management • 1318 Maple St, Golden, CO • 80033 • 303-273-3330

for each component. This is a measure of how a component relates to the
overall building condition.

Component Estimated Useful Life Remaining- is based on the RS Means
Facilities Maintenance and Repair Cost Data estimated useful life. It is
calculated by subtracting the component age from the estimated useful
life. It gives an indication of how close the component is to needing
replacement.

Overall Building Rating- is an average of the Component Condition Value
Multiplier in %. A new building would rate 100%.

Facilities Condition Index (FCI)- is a comparative indicator of the relative
condition of facilities. The FCI is expressed as a ratio of the cost of
remedying maintenance deficiencies to the current replacement value. The
FCI provides a method of measurement to determine the relative condition
index of a single building, group of buildings, or the total facility (physical
plant). This calculation also provides the facility professional a
corresponding rule of thumb for the annual reinvestment rate (funding
percentage) to prevent further accumulation of deferred maintenance
deficiencies. A new building will have an FCI of 99.

FCI=1-(Replacement cost-Current value)x100
Replacement cost
General Notes on the Audit Data
The audit provides a valuable assessment of the condition of the physical asset.
The data gathered provides a benchmark for the present condition of the building and can
easily be updated. It should be noted that the rating score for each building component is
a subjective score assigned by the audit team. The same personnel were used to score
particular building components in each building so that the scoring criteria would be
consistent. This makes the results very accurate for relative comparisons between
buildings. While the relative scoring is very accurate, the absolute scoring and resulting
FCI should be recognized as having a subjective component.

Another important item to recognize is that the replacement cost should be distinguished
from actual construction project costs. For example, a building may have a replacement
cost for plumbing of $24,000. This cost would provide for repairing and/or replacing
plumbing piping, valves, and fixtures to restore the system to the condition that it was
when the building was new. However, the replacement cost does not include cost for
drywall, painting, floor covering, ceiling, and roof repairs that could be required to gain
access to the plumbing components or the cost of meeting current code. The replacement
cost is a good order of magnitude measure and is valuable when comparing relative costs
between buildings or systems.

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Facilities Management • 1318 Maple St, Golden, CO • 80033 • 303-273-3330


BUILDING EVALUATION SUMMARY
Building Information
Facility Name: Mines Park
Community Center III
Building Code
XN
Date:
7/29/2013
Auditor
R Slavik / M Ray
Year Constructed:
2004
Gross Sq. Ft:
6,310
Net Sq. Feet
5,666
Replacement Value $613,222.00
Component Rating
Building
Building
Building
Building
Building
Building
Building
Building
Component
Component
Component
Component
Component
Component
Component
Component
Component Age
Percentage of Total
Replacement
Condition Value
Capital Renewal Estimated Useful
Useful Life
Current Value
(years)
Cost
Cost ($)
Multiplier
Target FCI=85.00
Life (years)
Remaining
Substructure
6.50
$39,859
8.50
$33,881
$0
75
9
66
Superstructure
8.00
$49,058
8.40
$41,209
$491
50
9
41
Exterior Enclosure
13.20
$80,945
8.25
$66,780
$2,024
50
9
41
Roofing
2.10
$12,878
7.67
$9,877
$1,069
25
9
16
Interiors
25.00
$153,306
8.47
$129,850
$460
20
1 to 9
1 to 16
Conveying
None
None
None
None
None
None
None
None
Plumbing
19.50
$119,578
7.93
$94,826
$6,816
25
9
16
HVAC
11.90
$72,973
8.44
$61,590
$438
25
9
16
Fire Protection
2.70
$16,557
8.83
$14,620
-$546
50
9
41
Electrical
11.10
$68,068
7.93
$53,978
$3,880
35
9
26
TOTALS
100.00
$613,222
$506,608
$14,630
FCI=Repair cost/Replacement value:
82.61
Building Capital Renewal Target
$14,630
FCI=85.00

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