Facility Condition Index (FCI)
A ratio comparing deferred maintenance costs to building replacement value.
Full Definition
Facility Condition Index (FCI) is a metric that compares the cost of deferred maintenance and repairs to the current replacement value of a building. FCI = Deferred Maintenance ÷ Current Replacement Value. Lower FCI indicates better condition; industry benchmarks suggest FCI below 5% is good, 5-10% is fair, and above 10% indicates poor condition requiring significant investment. FCI helps prioritize capital investments across building portfolios and communicate facility needs to stakeholders. It is a key metric for institutional and government facility managers.
Related Terms
Building Condition Assessment
A systematic evaluation of building systems and components to document current condition.
Asset Condition
The physical state and operational status of building equipment or infrastructure, typically rated from excellent to poor.
Benchmarking
The process of comparing building performance metrics against industry standards or similar buildings to identify improvement opportunities.