Address

10 Street Name, City Name

Country, Zip Code

Get in touch

555-555-5555

mymail@mailservice.com

Follow us
Haze Enterprises Columbus Ohio Logo

The Assurance Plan for Sustainable Capital Projects

Marcus Hazelwood • June 20, 2024

Operational Planning

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:


  • Knowledge Transfer: Ensure that the facility management team is thoroughly educated on the systems installed, their intended operation, and maintenance requirements.
  • Performance Monitoring: Implement a robust system to monitor energy consumption and system performance in real-time, allowing for prompt adjustments.
  • Preventive Maintenance: Develop a preventive maintenance schedule that aligns with the manufacturer’s recommendations and best practices in the industry.
  • Continuous Training: Invest in ongoing training for the facility management team to keep them updated on the latest energy management practices and technologies.
  • Financial Planning: Establish a reserve fund for future upgrades and replacements to avoid financial strain and ensure continuous operation at peak efficiency.
  • Stakeholder Engagement: As noted in last week's article, engage stakeholders, including occupants, to ensure behavioral changes complement new technologies, driving the building’s sustainability objectives.


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.

Share Content

By Marcus Hazelwood July 10, 2024
Portfolio Assessment & Planning
A poster for the net-zero navigator series
By Marcus Hazelwood July 10, 2024
Owners Energy Representative
Share by: