The term FCA stands for Facility Condition Assessment (FCA). An FCA assessment is an assessment of a building for the purpose of the owner to understand the physical condition and the value of their asset, develop capital budgets, and prioritize resources. Two approaches are used to constitute a comprehensive assessment of the facility’s conditions and then are combined as follows: Physical Condition Assessment (or Life-Cycle Modeling, or both): Physical condition of the building and infrastructure system Functionality Assessment: Functionality of the space for its intended purpose The difference between an FCA assessment and a Property Condition Assessment (PCA) is slightly different as far as the reporting purposes since the FCA assessment is completed either after a property changes hands or when a long-term owner of a real estate property wants to reevaluate their space the PCA assessment is for those looking to purchase or lease a commercial property.
It is suggested that FCAs should be conducted annually for all assets that are at or near the end of their useful life as determined by the life-cycle tracking system.
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