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Understanding Facility Operating Indices and Their Impact on FM Operations

This document outlines key indices that signify financial metrics in Facility Management (FM) operations. The Facility Operating/CRV Index reflects 1.73% of current replacement value allocated for FM. The GSF Index indicates the cost per square foot for FM functions, while the GIE Index shows the percentage of the institution's budget spent on FM operations. Additionally, the Capital Renewal Index assesses the current replacement value spent on capital renewal, and the Facilities Condition Index (FCI) measures the deferred maintenance backlog as a percentage of current replacement value.

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Understanding Facility Operating Indices and Their Impact on FM Operations

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  1. Facility Operating/CRV Index Represents spending 1.73% of current replacement value on FM operations

  2. Facility Operating/GSF Index Represents cost per square foot for FM operations

  3. Facility Operating/GIE Index Represents the percent of total institution budget expended for FM operations

  4. Capital Renewal Index Represents percent of current replacement value spent for capital renewal

  5. Facilities Condition (FCI) Index Represents percent of current replacement value in deferred maintenance backlog

  6. Needs Index

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