Facility Condition Index

This topic defines and discusses the BUILDER term "Facility Condition Index." The definition of this term changed starting with BUILDER Version 3.3.10, from the definition used by the Federal Real Property council to a formula compatible with other BUILDER indexes by producing a value on a 0-100 scale where a higher number indicates better condition.

The Facility Condition Index (FCI) is a financially based index showing the relationship between the cost of deferred M&R Maintenance and Rehabilitation work and the Plant Replacement Value (PRV Plant Replacement Value. For an inventory item above the Building level, this number will be the aggregate of the PRV of all Buildings included in that item.). BUILDER now uses the following formula for FCI, which produces a value between 0 and 100. A higher value indicates better condition:

FCI = [ 1 - ( $current repair needs / $PRV Plant Replacement Value. For an inventory item above the Building level, this number will be the aggregate of the PRV of all Buildings included in that item. ) ] x 100,

where $current repair needs represents the total cost of current repair needs and $PRV Plant Replacement Value. For an inventory item above the Building level, this number will be the aggregate of the PRV of all Buildings included in that item. is the Plant Replacement Value. See the Definition section below for an explanation of what is and is not included in $current repair needs.

IMPORTANT: Some organizations define FCI differently, as [ $cost of all deferred M&R Maintenance and Rehabilitation work ] / $PRV Plant Replacement Value. For an inventory item above the Building level, this number will be the aggregate of the PRV of all Buildings included in that item., which should yield a result less than or equal to 1.0 if policy dictates that repair costs for an asset must not exceed the asset's replacement value.

WARNING: If work plans have not been regenerated for the current fiscal year, the value for $current repair needs will not be up to date.

Definition of $current repair needs

$current repair needs includes:

Work that became a requirement in the current fiscal year (work items of the current fiscal year).
Work that became a requirement in a past fiscal year, but has not yet been performed and is still a requirement.

$current repair needs does not include:

Work that is currently funded for completion.
Work scheduled for future years.

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