According to "Shifting Goal Managing" recent article in the Facilities Manager Magazine by APPA, "the backlog of deferred maintenance at most educational institutions is so large that managing it effectively with constrained resources may not be realistic." However, considering the 2014 Sightlines Annual Report, The State of Facilities in Higher Education: 2014 Benchmarks, Best Practices and Trends states that every $1 spent on maintenance avoids $3 in capital reinvestment, delaying these critical campus projects, may not be the best choice either. Despite the pressure to cut costs and delay projects, the College and University Business Administration's Strategic Debt Management study by NACUBO advises education leaders to consider the full cost of that decision first: "Before delaying a proposed project, an institution should conduct a careful analysis of the hidden or opportunity costs associated with not borrowing to fund the project."
This common scenario supports the theory behind our Campus Improvement Programs. We understand that your continuous commitment to improving your campus is often filled with challenges. That's why we work with schools to develop highly customized financing programs to overcome these challenges and help achieve your vision. Since there is no "one-size fits all" approach for these types of projects, each financing solution is uniquely crafted to meet the specific needs of your schools, helping to improve cash-flow and support a continued investment in your campus.
Types of Campus Improvement Programs: