Capital Replacement Studies
CDW Engineering’s in-depth Capital Replacement Studies help you navigate the future with precision
In an ever-changing landscape of property ownership and management, the value of strategic planning cannot be emphasized. Building owners, asset managers, and property managers are responsible for estimating future major maintenance or replacement expenditures to maintain the durability and efficiency of their assets. CDW Engineering understands the varied nature of this dilemma and is committed to offering thorough Capital Replacement Studies (also known as Building Capital Plans) that provide actionable insights and strategic recommendations to our clients.
Our forecasts can be tailored to consider strategies to decarbonize buildings in order to reach national climate commitments (Net-Zero Emissions by 2050).
Serving clients across Canada
With a presence in all markets across Canada, CDW Engineering stands ready to support our clients wherever their properties may be. Whether it’s urban centres like Toronto, the rural locations of British Columbia, or the vibrant communities of Quebec, our team is dedicated to providing tailored solutions that meet the unique needs of each client and property.
Uncovering the essence of Capital Replacement Studies
A Capital Replacement Study is a cornerstone of the strategic planning process, providing a roadmap for budgeting of large system replacements in the long run. At the centre of this study is a thorough examination of the asset’s components, which includes a wide range of variables that affect its condition, durability, and operational efficiency.
Step 1: Document Review
- Examine historical paperwork: drawings, survey plans, and specifications.
- Gain insights into the property’s overall construction and building systems.
- Investigate maintenance records, warranties, past reports, and repair histories.
- Understand maintenance practices, repairs, and system health.
Step 2: Visual Assessment
- Create detailed inventories of structural, mechanical, electrical, and architectural components.
- Perform quantity take-offs to capture the details of the property’s physical assets.
- Conduct a comprehensive visual survey of building components.
- Assess the condition of each element and note any wear, deterioration, or hazards.
Step 3: Reporting
- Use gathered data to estimate replacement or significant repair costs.
- Provide precise cost forecasts for informed decision-making and future planning.
Tailored forecast timelines to match client needs
While a 20-year time range is commonly used for forecasting, we understand that each client’s requirements are unique. As a result, our technique is highly adaptable, allowing us to customize our forecasts to meet specific deadlines and objectives. Whether shorter or longer periods are required, we collaborate closely with our customers to ensure that our projections are consistent with their strategic aims and financial objectives.
The importance of regular updates for maximizing benefits
In the ever-changing landscape of property ownership and management, being ahead of the game is critical. To optimize the benefits of a Capital Replacement Study, we recommend periodic updates to keep the study current and reflective of changing market or site conditions.
Charting a course for financial stability using detailed financial analysis
In addition to the physical analysis included in the Capital Replacement Study, we can provide a complete financial analysis that incorporates the findings of the physical evaluation. Through precise cash flow estimates and reserve fund planning, we assist our clients in charting a road for financial stability and ensuring appropriate money for future replacements.
Empowering clients with flexible reporting
CDW Engineering recognizes the value of flexibility and convenience for our clients. That is why we supply our Capital Replacement Study data in Excel format, allowing for easy integration into current systems without the limitations of proprietary software. Whether clients want a simple series of spreadsheets or a more in-depth analysis of systems integrated into the study, our reporting style can be customized to match their individual requirements.
Charting a course for success
Strategic planning has never been more important in today’s uncertain and complex world. With CDW Engineering by your side, you can face the future with confidence and clarity. Our Capital Replacement Studies provide a road map for success, with actionable insights and strategic advice to ensure the longevity and efficiency of your assets. Contact us today to begin the journey to a brighter, more secure future for your properties.