• Keeps budgets up to date with in depth market research and mitigates risk by developing a customized capital plan. • Automatically provides the most current and reliable data updates for all data to current market rates including: utility rates, labor rates and benefits, equipment material costs and building replacement values • Provide new features, reports and revisions to cost algorithms to make developing budgets quicker and more accurate • Use statistical modeling to calculate the probability of failure for each piece of equipment in inventory • Ability to calculate the impact of equipment failure on the individual asset and the portfolio as a whole • Automatically prioritizes critical risk equipment to be replaced first based upon current budget • Provide the most comprehensive M&R and operations cost database available • Can provide current cost profiles and data for labor rates, utility rates, inflation rates, national indexes, etc. • Provides the ability to customize facility cost models with criteria specific to individual facilities including: year built, asset size, type and location • Ability to incorporate details about the structural and mechanical make-up of assets, the levels of service for operations requirements, and additional details • Provides estimates to give users the most accurate and comprehensive operating budgets and capital plans. • Can itemize deferred maintenance for individual pieces of equipment to provide actionable recommendations • Deferred cost reports will show deferred maintenance and FCI estimates for entire portfolio, or for an individual asset • Software security protects database information and manages appropriate user access
