The problem with most financial projections is they often look at present cost instead of future cost. When a company first begins planning for the future, the timelines and even funding needs can be somewhat obscured leading to inaccurate financial forecasts.
Facilities Planner has solved that. We make it easy to setup, adaptable if conditions change, and transparent for those who need the history behind the numbers. Developed with the help of our affiliates and other contributing organizations, we equip our users with a unique ability to communicate needs through valid and realistic financial projects.
Facilities Planner will help you provide your board, shareholders or C Suite with a more valid financial prospectus on all of your organizations upcoming projects.
Contingency Rates Specific to Your Area
Organizations can now leverage and create custom contingency rates which may be applied to a variety of factors specific to their industry to more accurately depict and account for the time and value of money.
Have new construction projects happening in the next five years? No problem. What about renovation or refresh projects that need to be addressed next summer? Again, no problem. Each contingency rate can be customized by project type, timeline, even down to the facility level.
Applied Contingency View (ACE™)
Our ACE view allows for Facilities Planner to do all the heavy lifting. With a few clicks of a button, your company can add specific projects along with beginning costs and Facilities Planner can automatically apply all the preset contingencies to that project to give realistic future cost.
Imagine receiving preliminary costs for a new expansion building – let’s say $26 Million. If somehow your company was able to start, build and complete that project in the next twelve months that figure may be accurate. The problem is that more often than not, your organization doesn’t plan to start construction on that building for another two years.
Market conditions may shift. Construction costs may rise. All sorts of costs associated with a project of that size can increase. How do you account for the future value of money? Your company uses Facilities Planner, that’s how.