Property Condition Assessments and Facility Maintenance & Commissioning Services
A manufacturing plant, commercial strip mall, office building, or institutional facility all represent an asset which should be maintained in order to minimize operating expenses and maximize its design life.
For every dollar of investment in equipment or building, over ten dollars are spent on maintaining the facility and equipment over the course of the asset’s lifetime - ensure the assets are being properly maintained in order to avoid large capital repair and replacement projects.
In the case of asset acquisition, understand the expected life of a building system and equipment to avoid short-term liabilities and maximize returns on investment.
Facility assessments, audits and monitoring of the maintenance functions performed by the landlord, team, tenants or operators provide value to all of the stakeholders when conducted by an objective third party.
When performed at least annually, assessments provide a great measuring tool from which to evaluate the anticipated life of facility systems and yearly operation, maintenance, and capital repair/replacement budgets.
Sufficient planning is needed to balance repair and replacement costs over the life of a facility so that the investment retains its maximum value. Sigma provides a wide range of services in this area to help owners understand the value of the asset, expected life, and help plan for future capital investments.
Facility, Maintenance, and Property Condition Services Provided by Sigma include:
- Facility Maintenance Assessments
- Life-Cycle Assessments of Alternative Capital Improvements
- Property Condition Assessments (ASTM Method E2018)
- Financial Planning
- Useful Life and Replacement/Repair Cost Analysis
- Simple Return and ROI Analysis
- Project Budgeting
- Facility Commissioning
Benefits derived from a third party assessment include:
- independent evaluation of the physical condition of the facility, with the knowledge and perspective from other similar facilities and uses
- potential to benchmark maintenance level and expenditures against other similar functioning facilities
- assure the useful life of the facility and equipment is attained
- assure that dollars contributed by any stakeholders are invested to the maximum extent in preventative maintenance activities
- independent evaluation of the degree and depth of appropriate and prescribed preventative maintenance activities
- provide information to both the long-term and short-term capital planning and improvements process
- identify improvements to help avoid risk and reduce main tenance expenditures and operating costs
- insure that all maintenance functions are properly managed and that the facility is organized to avoid maintenance oversight
- protect the investment in the physical asset, and maintain a sound environment for employees and customers alike
- extend the useful life of physical assets
Sigma’s team of professionals have experience performing on-going Facility Maintenance Assessments for the Miller Park Baseball Stadium in Milwaukee and Lambeau Field in Green Bay, WI as well as other manufacturing oriented facilities.
In addition, we conduct multiple property condition assessments and facility commissioning projects every year in various states throughout the U.S.
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