Capital Improvement Plans

Capital-Improvement-Plans

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.

Testimonials

I highly recommend!

I worked with Brian Hansen. He is extremely professional and was very innovative in finding solutions to issues I was having. I highly recommend him! Working with the rest of his company was enjoyable as well.... Read More

They listen

Besides being qualified, skilled, and professional, Team Engineering is focused.  They listen. John turner and Dan Martel must have dozens of appointments and work lined up every day. But when they meet with you, they are focused on doing the best job possible for whatever problem you hand them.  And... Read More
Deborah Dearborn

Saved us from a possible money pit!

Brian Hansen came out to look at a house I almost bought.  His knowledge and written account of what he saw showed my wife and I that maybe this was not the house for us.  After Brian inspected the foundation on short notice, he sent us a report within a... Read More
Daniel Ellsworth

Nancy Nichols and her colleagues were outstanding from the start.

After researching three other engineering firms, our neighborhood association hired Team Engineering to prepare a capital survey for us. We made the right decision. Nancy Nichols and her colleagues were outstanding from the start. They kept in contact with us on a regular basis throughout the process. Nancy spent an entire... Read More
Connie May

Nancy Nichols and her colleagues did an OUTSTANDING job.

I've had recurrent problems with ice dams and ceiling leaks since 2008. Because previous repairs were unsuccessful in preventing recurrences I asked Team Engineering to analyze the problem and recommend solutions. Nancy Nichols and her colleagues did an OUTSTANDING job. They thoroughly analyzed the problem and suggested solutions. They then helped... Read More

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