Professional Engineers Of North Carolina

SPR 2014

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12 the Professional Engineer Spring 2014 over 30 years approaches $1.4 billion. Tis is the cost of doing nothing. Recommendations Abraham Lincoln once noted, "… you cannot escape the responsibility of tomorrow by evading it today …" Looking at the state government of North Carolina as a case study, there appears to be a building repair and renovation funding gap that cannot be overcome. A satisfactory answer will not be found in waiting for appropriated budget funds. Te engineering, design and construction community has a responsibility to help policymakers and legislators develop new, innovative ways to fund R&R projects in the future. Tere are many possibilities for both funding R&R projects and reducing obligations, including: • Facility usage fees • Establishing a capital construction budget set-aside for R&R projects • Rewards or incentives for decreasing energy operating budgets • Fund sharing from non-appropriated revenue generating facilities • Divesting from real estate ownership Solutions will not come easy and will most certainly involve a change in attitudes and perceptions about construction, use and maintenance of publicly funded facilities. Master of Science Engineering Management Online and On-Campus DISCOVER THE TECHNICAL ALTERNATIVE TO THE MBA Concentrations in Energy Systems, Lean Six Sigma, or Logistics and Supply Chains Increase your operational acumen from day one Finish your degree in less than 2 years and for under $10K Start in May b Ranked Among the Best Online Graduate Engineering Programs by US News & World Report F E AT U R E S T O R Y Matt Parker is Building Systems Manager for Falcon Engineering; Roger Woods is Buildings Energy & Infrastructure Business Development Leader for McKim & Creed; and Bill Smith is president of Stanford White. Tey may sometimes be competi- tors, but they are always colleagues interested in working together to further the engineering profession. Tey have served together for many years on various endeavors to enact change and improve- ments to the practices of engineering, most notably in the feld of mechanical and electrical engineering for facilities. signifcant R&R funding defcit and not providing for current and future needs. Based on the information presented here, properly maintained buildings cost at least fve times the construction value to operate and maintain. In this case, the total life-cycle cost of the existing inventory approaches $105 billion. In contrast, since poorly maintained buildings cost approximately 40% more than well-maintained buildings, the annualized cost of unfunded repairs CostNothing_Spring14.indd 12 3/27/14 11:32 AM

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