Skip to main content

Budgeting for Facilities Maintenance and Repair Activities Report Number 131 (1996) / Chapter Skim
Currently Skimming:

2 Determining Current Replacement Values
Pages 10-11

The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.


From page 10...
... for various types of facilities in an agency's inventory are multiplied by the total number of units (e.g., square feet) of each type of facility in the inventory.3 In making the calculation, it is essential that the units of area used are the same as the units in the assumed unit costs; major errors can be introduced, for example, if unit costs based on gross area are multiplied by net or occupiable areas.
Read the entire page →
From page 11...
... It is not necessary to calculate the CRV of a particular facility with great accuracy because (a) agencies ordinarily combine the CRVs for many facilities to determine the M&R budget for the entire agency or a major division; consequently, errors in the CRVs for individual facilities tend to cancel one another; and (b)
Read the entire page →

Key Terms

  • replacement values
  • unit costs
  • building cost
  • original total
  • agencies call

  • building separately
  • space varies
  • cumulative errors
  • cost factors
  • sufficiently accurate

  • major errors
  • determining crv
  • estimating data
  • assumed unit
  • parametric estimating

  • budgeting purposes
  • replacement value
  • cost index
  • ordinarily combine
  • agencies calculate

  • accurate current
  • current plant
  • facilities tend
  • individual facilities
  • escalation factor

  • unit cost
  • agencies currently
  • agencies ordinarily
  • particular facility
  • overall crv


    • This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
    More information on Chapter Skim is available.