A Capital Needs Assessment (CNA) is a budgeting tool to ensure long-term viability of a project. Often LCI combines this service with their Building Maintenance Manuals, because without proper maintenance, building components will deteriorate and/or fail at a much quick rate than expected.
The financial models are prepared in a spreadsheet format (EXCEL) allowing clients to manipulate and modify the assumptions and actual costs. This is a budgeting tool which can be modified from year to year.
LCI’s approach to a Capital Needs Assessment (CNA) project includes the following key considerations:
1. Perform a building assessment, employing all necessary sub-consultants to ensure a thorough review of all major building components.
2. Prioritize the deficiencies and deferred maintenance by ranking ranking them into one of the following 5 categories:
3. Provide reports detailing the recommendations for correction to all deficiencies and/or identifying areas where further investigation is warranted
4. Provide estimated costs for repair
5. Included in the CNA is a forecast of the projected capital costs and shortfalls based upon the present funding and budgetary assumptions.