Paragon Capital Asset Planning and Management Tool

Cardno set up the Asset Management software for NOAA.

The National Oceanic and Atmospheric Administration “NOAA” requested Facility Condition Assessments and capital expenditure forecasts for 97 facilities totaling approximately 1,180,500 square feet of space.

To help plan for investment needs over a 10-year period, Cardno used Paragon, a web-based capital asset planning and management tool to complete a comprehensive Facilities Condition Assessment (FCA) of the buildings and their respective systems. Inventory essential to understanding how the building is constructed at a very detailed level, and more importantly how the condition of the inventory components affects the overall condition of the building were entered into the planning tool. 

For a thorough understanding and the most accurate reporting, asset and component conditions were analyzed by two methods, a Component Condition Rating Index (CCRI), and a Facility Condition Index (FCI) calculated as a condition metric.  

Cardno assessors identified deficiencies as any necessary maintenance or repair that has not been completed (considered deferred maintenance). Deficiencies are tied to the unique, individual component records that are most affected by the deficiency.  

The cost of component recapitalization assumes replacement-in-kind with similar equipment/materials and was inflated to the applicable replacement year. Component recapitalization was modeled for each component within an asset. Component recapitalization investment dollar amounts were calculated from Paragon’s cost catalog for the assigned components, along with cost markups/burdens as assigned to the site and the inventoried amount. Cardno provided a report of findings for each facility and a consolidated report for each line office that objectively rated the remaining life span of the facility, along with the various components, and whether replacement of the facility or various components within a 10-year planning window was warranted. 

The reports consisted of summary text of our findings for each system assessed with current and deferred maintenance deficiencies, and 10 year recommended investments. Analysis results from Paragon were provided to the respective NOAA line offices to help plan and prioritize $28.3M of deferred maintenance.

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