Budget notes provide guidance but are not legally binding. Building Renewal Improvements to facilities, usually to the building envelope or within the building footprint, to prevent deterioration and maintain use of the facility. The long-term financing and expenditure plan for acquisition, construction, or improvement of fixed assets such as land and buildings, and for programs that accomplish facility improvements. A committee organized by OFM that includes representatives of major agencies with capital projects, universities and colleges, the design and engineering profession, and the contracting industry. The committee meets throughout the year to provide a forum for discussion of capital budgeting and project delivery issues common to all organizations, and undertakes analyses and makes recommendations regarding specific issues.
Meetings are open to all agencies.
This additional management expertise is usually used on larger, more complex construction projects. However, an owner on a smaller project may retain a construction manager for that person s construction expertise to act as the representative for the owner on the project. Corrective Maintenance Unscheduled repair or replacement of equipment, systems, or components of facilities that require immediate action to restore service or repair problems that will interrupt building service or agency activities. This work is normally funded from the operating budget. An analysis in which consequences of the investment are measured in or converted to economic terms and quantitative benefits.