Institutions of higher learning face constant budget pressures. To assist our clients dealing with higher education facilities and administration cost recovery, Duff & Phelps provides comprehensive building componentization services that can increase indirect cost recovery.
As part of our building componentization program, our professionals perform a detailed room-level inventory to identify shorter-life building elements. We analyze construction costs and segregate them into the following categories as specified within Uniform Guidance:
Building structure: Framing, exterior walls, roof, interior construction, and foundation, as well as allocated design and architect fees
Building services: Electrical, HVAC, plumbing, fire protection, and elevators
Fixed equipment: Laboratory benches, casework, fume hoods, environmental chambers, and emergency showers/eye wash stations
Duff & Phelps has served more than 60% of the nation’s top research institutions as well as universities, academic medical centers, and other higher education facilities across the country. We have extensive experience working with institutions and their auditors to meet financial reporting requirements and maintain accurate componentization records.