Systems Replacement Plan
"Thank you ... I presented our SRP at our Board meeting and the entire Board was impressed. We now have an important tool to help with capital improvement expense planning. I hope we can work together on another project in the future."
Avis Henderson, Executive Director,
The Monmouth Museum, Monmouth, NJ
- Provides a comprehensive facilities analysis by engineers, architects or construction consultants
- Forecasts the necessary replacement of specific systems and equipment, presuming routine maintenance
- Details a year-by-year breakdown of proposed costs and savings
SRP AT A GLANCE
- relative age and condition
- estimated usable-life expectancy
- approximate replacement cost
- building envelope (roof, walls, and entry systems)
- mechanical systems (heating, cooling, ventilation, plumbing, and pool filtration)
- certain types of flooring with limited usable-life expectancy
After the survey, NFF will develop a 20-year Systems Replacement Plan forecasting the necessary replacement of specific systems and equipment, presuming routine maintenance will be ongoing
WHO CAN TAKE ADVANTAGE OF AN SRP?
- Nonprofits that own buildings
- Nonprofits with a long-term lease that are responsible for all repairs and replacement
An SRP is most effective when combined with NFF's Building for the FutureSM program. To learn more, contact your nearest NFF office!
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