• Is all or part of the investment one-time or continuing?
The intention is that the cost of utilizing consultants for development of the Capital and Energy Master Plan will be a one-time investment. The estimated $1.2 million investment will result in the minimum 10-year plan outlining the next 5 biennium of major capital, supplemental and minor work investments for the university. Considering the institution averages one major project each biennium at $50M plus, one in design at $5M, and one in pre-design ($300k) and on average $8M for minor works; the estimated 10-year Capital and Energy Master Plan will be worth approximately $316M. A $1.2M dollar investment to strategically formulate the phased execution of the Capital and Energy Master Plan would represent .004% of the cost. The ROI is unavoidably beneficial.
3. Describe How the investment:
• Supports one or more of the three institutional priorities.
In his 2019 State of the University addresses, President Gaudino set an institutional priority to decrease the university’s carbon footprint by 5%. The Capital and Energy Master Plan will outline sustainable metrics to far exceed the 5% goal by proposing a project list and implementation plan for driving down campus energy usage and GHG emissions and further integrating sustainability in the execution of capital projects.
• Mitigates liability.
Revising the Capital and Energy Master Plan by utilizing experienced consultants provides the avenue to eliminate the liability associated with major break and fix projects by facilitating a prioritization of campus needs. In addition, it establishes an implementable plan to avoid the fiscal penalties associated with House Bill 1257 for building EUI that begins reporting in 2026.
4. Over what time period would this investment be implemented?
The estimated time period for this proposal is 18 months.
5. Does this investment have a directly related revenue stream or cost savings? (For example, an investment in an instructional site would have a directly related revenue stream in the form of tuition or fees. Or an effort to replace all lightbulbs on campus with LED would have a directly related cost savings)
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