PROJECT OVERVIEW
FCAPX, a Division of Roth IAMS, undertook a comprehensive project for Canadian Tire REIT to enhance their Facility Asset Management and Capital Planning. This involved conducting Facility Condition Assessments (FCAs) and implementing Equipment Inventory & Tagging (EI&T) across their extensive portfolio spanning 7 provinces and 79 buildings, totaling 3.2 million square feet. The project aimed to provide CT REIT with consistent, defensible data crucial for informed decision-making in asset management and planning.
PROJECT SCOPE
The project commenced in January 2020 with a pilot program focusing on two distinct asset classes. Roth IAMS collaborated closely with CT REIT’s key stakeholders to define the scope, ensuring that FCAs were thorough and aligned with client expectations. This involved background document requests, interviews with site staff, and iterative report reviews to ensure accuracy and relevance. Phase II, initiated in March 2021, extended the project to cover an additional twelve buildings, maintaining the same meticulous approach to data collection and analysis.
KEY DELIVERABLES & CONSTRAINTS
Roth IAMS, in collaboration with the client, established a desired dataset for EI&T, including the implementation of custom identifier asset tags for each piece of equipment. Leveraging SLAM CAP for FCA data collection and SLAM EQUIP for EI&T, the project ensured consistency and efficiency throughout. Despite the scale and complexity of the portfolio, Roth IAMS managed to deliver within budgetary constraints, with Phase 1 costing $212,222 and Phase 2 $61,549, inclusive of SLAM CAP license fees.
CONCLUSION
The collaboration between Roth IAMS and CT REIT exemplifies the efficacy of leveraging advanced technologies and strategic methodologies in facility asset management and capital planning. By delivering meticulous FCAs and implementing EI&T across a vast portfolio, Roth IAMS enabled CT REIT to enhance operational efficiency, optimize resource allocation, and ultimately, achieve greater long-term sustainability and success in their asset management endeavors.
This project stands as a testament to the value of data-driven decisionmaking and proactive asset management practices in driving organizational growth and resilience.
