Any organization with single or multiple buildings will want to plan for the future maintenance of these properties. While they may realize that they will eventually need to replace an aging roof or repaint the interior, they may not know when they should budget for these improvements. A Capital Improvement Plan is a vital tool to the successful property management.
No surprises. Team Engineering can help schools and churches, as well as people who own multiple commercial properties, non-profit businesses, and even municipalities determine when and how their buildings need to be maintained by providing a Capital Improvement Plan (CIP.) Our CIP services take a look at the capital needs of a facility over the next decade, including items such as major repairs, replacement of the HVAC unit, structural repairs and more; thencost-project them out over a set period of timebased on the urgency of the repair or improvement.
It’s one thing to make necessary repairs on one property and stay in the black. It’s an entirely different scenario when you are responsible for the upkeep of multiple buildings varying greatly in age and condition.
Multiple properties, multiple projects. After conducting the assessment of the properties, our professional building engineers then provide our clients with an itemized spreadsheet that includes a summary of the projected cost to maintain each building over the course of the next decade. Having this sort of financial information at their fingertips is extremely useful to our clients. Instead of reacting to an unexpected repair in a crisis, a CIP provides a property maintenance schedule years in advance – allowing the business owner or association to interview contractors and gather quotes that will provide the best value to their bottom line. Or, they may choose to consolidate their upcoming projects to reduce the overall cost.
A Capital Improvement Plan is also a useful tool in hand the hands of a commercial real estate broker. Similar to an amortization schedule, a CIP provides insight as to which commercial real estate investment is worth maintaining, and which ones they might be interested in selling in the near future.
A holistic approach to building costs. In our area, very few companies other than Team Engineering provide this service. One reason our firm’s Capital Improvement Plan Services have such a good reputation is that our engineers carefully assess the entire property or building, not just small sections or parts. There are some contractors that will perform a CIP, as it relates to their trade – but this type of cost analysis is rarely impartial, and it doesn’t take into consideration all the interior and exterior components of a property assessment. A roofer sees roofing issues, but has little knowledge of mechanical systems or the projected life span of those systems. As an engineering firm, we have no vested interest in finding problems, so our clients always receive unbiased assessment of the true condition of their properties.