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Summary:

When asset managers make the case for renewal spending to budget committees, they need more information - and more compelling presentations - than those proposing new construction. To get people to care, to get precious dollars redirected to mundane renewal tasks, you must truly understand your asset base - what you have; the engineering facts, such as when it was installed and its theoretical life; and replacement costs. Engineering facts are hard to argue against. Making the case for additional renewal capital requires five main approaches: 1. Educate your audience as to why renewal costs are increasing across the board, 2. using installation dates and theoretical lives, show how specific renewal requirements will be increasing over the next 5, 10, 20 or more years, 3. identify the consequences of failing to increase funding, 4. demonstrate the ROI of spending now versus later, and 5. give your audience the room to make their own decisions.

Headnotes:

Extract:

Walk the Talk

DESPITE LOTS OF TALK about our failing infrastructure and disastrous maintenance backlog, getting money to maintain what we have - let alone build for the future - is still a significant challenge. Outside of facility managers, there is a general lack of understanding of why the need for renewal spending is growing so fast - and many facility managers lack effective tools to communicate both the causes and consequences of the funding shortfalls faced by pu...



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