A critical question that needs to be addressed for building owners and organizations embarking on capital projects aimed at energy efficiency and sustainability: What is your “assurance plan”?
Capital projects are significant investments, often exceeding $1 million in initial costs, and while the design and construction phases may last up to 2 years, the operations extend far beyond. The longevity of these projects emphasizes the importance of an assurance plan that guarantees the building’s performance aligns with the initial energy efficiency goals.
The Challenge
Once the architects, engineers, and general contractors have fulfilled their roles, the baton is passed to facility management. But how can we ensure that the transition doesn’t lead to a decline in the building’s performance?
The Solution: A Comprehensive Assurance Plan
An effective assurance plan should encompass the following key components:
The Impact
By implementing a comprehensive assurance plan, organizations can protect their investment and ensure that the building’s operations remain efficient, cost-effective, and sustainable over its lifetime. This proactive approach not only secures the expected ROI for new technologies and systems but also contributes to the broader goal of environmental stewardship.
The success of a capital project in achieving its energy efficiency and sustainability targets relies on the anticipation and diligence of its assurance plan. I’ll conclude with this, it’s not just about reaching the finish line; it’s about maintaining the pace for the marathon that follows.
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