Because each facility will have its own priority of equip-ment replacement and system upgrades, depending on its age and condition, the goals of the owner and desired ROI, theres no one-size-fits-all upgrade. That being said, a few rules of thumb should govern every building when writing its five-year strategic capital plan.
Working with a consulting engineer to follow the results of the buildings reserve and energy opportunity studies will help manage both risk and upside. All the thinking and planning ahead involved in a five-year capital plan should put the building in a position to improve its ROI for the desired long-term hold and ultimately mitigate some of the unplanned disruptions that can be disproportionately expensive.
David P. Callan, P.E., LEED AP, is vice president, McGuire Engineers, Chicago. The MEP engineering firm developed the renovation path based on cascading returns for the 125 S. Wacker building in Chicago. Callan can be reached at DCallan@mepcinc.com.
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