Expert consulting services to take your business to the next level
Unlock Your Business Potential
Expert consulting services to take your business to the next level
Real Asset Management (RAM) Facility Services
Our Expertise
With over 25 years of industry expertise, we have the unique ability to capture facility data and forecast your capital needs based on our clients’ needs.
Our Approach
At RAM, we are facility experts. Our team has of professionals have assessed over 200 million square feet of public sector and private sector facilities across the United States. We have helped hundreds of owners gather the facility data they need to:
· Validate needs for funding
· Prepare budgets
· Define problems
· Prioritize immediate maintenance issues
· Estimate the cost of current deferred maintenance backlog
· Produce and analyze (on a continual basis) future costs
· Provide pros and cons of funding scenarios against multiple benchmarks
Proven Methods for Solid Results
RAM has structured our assessment approach to include:
Needs Assessment
We begin every project by setting needs assessment standards with the client. We review the goals and objectives, determine the level of detail and examine all existing data relevant to the assessment
evaluation.
Survey
Once underway, our architect / engineer survey team walks every facility within the scope of the project. (Structural engineers and other specialty consultants are on-call should their expertise be needed.) Surveys vary based upon client’s needs, however, often cover:
· Facility condition, building code, ADA
· Adequacy assessment including functional and amenity
· Sustainable design and energy audit
· Hazardous material survey
· Space-use and utilization inventory
Documentation / Reporting
After identifying a facility’s deficiencies, each survey team determines corrective action and provides an improvement cost estimate. More than one proposed correction may be provided and each correction will be priced. All cost estimates incorporate R.S. Means data in order to insure consistency and accuracy. The identified deficiencies and improvements will also be classified by category and prioritized by need. Once we assign these values to the deficiencies, we are then able to create multiple correction strategies.
We determine a Facility Condition Index (FCI) for each building in the assessment to measure the amount of deficiencies in a building. The FCI is calculated by dividing the total value of deficiencies in a building by the building’s replacement value. Once we calculate FCIs, we can then begin to provide a comparative analysis on the buildings in the assessment. FCIs can also be run on multiple buildings, which allows us to measure the condition of a portfolio of buildings.
Forecast
We also develop forecasts for the renewal of building systems through Life-Cycle Analyses. This forecast is intended to assist in the creation of budgets for future capital renewal. These forecasts allow for the long-term projection of renewal. Future work is estimated by taking the cost of a particular system renewal and forecasting the date of renewal by determining the expected useful life. We breakdown all building components using this same logic.
Supported by Technology
Our teams are supported by proprietary technology developed by FOS Design. The software package is specifically designed to assist in data collection, pricing, and package deferred maintenance and forecast capital renewal items.
It is our experience that evaluation data ages rapidly, and forecasting with aged data produces flawed financial forecasts. For this reason, FOS Design places a high priority on leaving database systems like FOS in place after the assessment. This allows facility managers to constantly update their own data. By deleting deficiencies when they are fixed and adding new deficiencies when they emerge, owners can accurately forecast for years after the facility evaluation is completed.