Review of Facility Value
and Condition Measures

• Current Replacement Value (CRV) is primarily a function of the asset's size, category and subcategory, location, and is automatically computed from data in I-Web using consistent procedures.
  
  
• Maintenance is "the act of keeping fixed assets in acceptable condition"  . . . to assure that the asset achieves its expected life.  Deferred Maintenance (DM) is just maintenance that has not been performed when it should have been, and thus which detracts from the asset value.  Although annual maintenance can be predicted based upon a % of CRV, deferred maintenance must be measured.  A review of the data in I-Web clearly shows that measurement of DM has not been consistent across the agency.
  
  
• Facility Condition Index is a function of DM and CRV, resulting in a poor, fair or good rating depending upon its value.  Since measurement of DM has not been consistent, then neither has been the resultant classification of a facility as being poor, fair or good.