FCI (Facility Condition Index)

FCI = (Deferred Maintenance Cost) / (Current Replacement Value) x 100. Industry benchmarks: <5% = Good condition, 5-10% = Fair, 10-30% = Poor, >30% = Critical. FCI is calculated from condition assessment data (typically ASTM E2018 PCA or similar) and updated annually. It is widely used in portfolio management to prioritise capital investment across multiple buildings. Limitations: FCI does not capture code compliance gaps, functional obsolescence, or tenant improvement condition — it measures physical condition only. APPA (Association of Physical Plant Administrators) and IFMA use FCI as a standard portfolio health metric.

FCI provides a single comparable metric for building condition across a portfolio. It answers the question: "How much would it cost to bring this building to good condition, relative to replacing it?" For due diligence, FCI above 15% signals significant deferred maintenance that will require capital investment.