Facility Condition Index
Facility Condition Index is a ratio comparing identified facility renewal or repair needs with the current replacement value of the facility.
What this term means in maintenance
Facility Condition Index is a ratio comparing identified facility renewal or repair needs with the current replacement value of the facility.
Common formula
FCI = Cost of identified renewal and repair needs ÷ Current replacement value × 100
Practical example
A facility has 5 million in identified needs and a replacement value of 100 million.
FCI = 5%
How FCI is used
It can support:
- Facility budgeting
- Renewal planning
- Portfolio comparison
- Deferred-maintenance review
- Capital prioritization
Interpretation
Lower values generally indicate fewer identified needs relative to replacement value, but assessment scope and condition standards must be consistent.
Common mistake
Comparing facilities assessed using different inspection depth or cost rules produces misleading results.
Related concepts
Related maintenance terms
Keep exploring connected CMMS, reliability, and maintenance planning terms.
Replacement Asset Value
Replacement Asset Value is the estimated current cost of replacing an asset or asset base with an equivalent capability.
Facility Asset Management
Facility asset management is the coordinated control of building systems, infrastructure, utilities, contracts, condition, cost, and lifecycle decisions.
Deferred Maintenance
Deferred maintenance is approved maintenance work that is deliberately postponed to a later date because of risk, access, production, labor, parts, or budget considerations.
Glossary FAQs
- What does FCI stand for?
FCI stands for Facility Condition Index.
- How is FCI calculated?
Identified renewal and repair needs divided by current replacement value, multiplied by 100.
- Can different facilities be compared directly?
Only when inspection scope, cost assumptions, and condition rules are consistent.