- Apr 28, 2020
In response to the COVID-19 pandemic, there are several shifting challenges that healthcare institutions are facing. Ensuring maximum value for each capital dollar spent is critical. During this unprecedented time, healthcare facilities are reviewing and updating their Master Plans in response to the need for surge beds and/or infection isolation.
Strategic Master Facility Plans
Strategic Master Facility Plans (SMFP) identify the type, quantity, and location of facilities required to fully support an organization’s business goals and patient needs. A cost modeling approach such as Gilbane’s balances the three elements of a successful SMFP:
- Quality – balancing an organization’s core values and culture within the physical space
- Schedule – a speed to market analysis of existing facilities that support business goals or a plan to implement major upgrades
- Cost – an affordable plan that translates the goals of the business plan into an appropriate facility response
Our preconstruction experts work collaboratively with owner teams during the conceptual phase of a project using our proprietary Healthcare Cost Advisor (HCA). This interactive tool helps owners develop accurate, comprehensive budgets in the early stages of development, based on our historical project database with local market input.
In real-time, the HCA considers various “what-if” scenarios based on owner needs and preferences, ranging from department fit-out, to changes in design assumptions, for both core and shell or interiors. Together (virtually) with our clients, we input data such as department square footage, building geometry, location, schedule, and basis of design options, and receive instantaneous feedback. Using our historical cost data, normalized to your location, construction costs are developed based on early design concepts along with local material and labor costs, provided by our local estimating teams. The HCA then produces a virtual building cost model, complete with estimated total construction and project costs.
This powerful tool allows real-time adjustments in the early design phase to develop accurate, conceptual cost models that support informed programmatic decision-making.
This tool enables the evaluation of alternative scheduling options reflecting anticipated escalation, as well as a variety of potential soft costs, so that a total project cost can be developed and considered in your financial return on investment analysis.
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