Prior to Morrison Hershfield’s work, this facility had experienced a significant business interruption resulting from a power distribution shutdown following a significant interior water leak. The owners recognized the need for capital renewals and upgrades but also wanted to ensure any renewal work would reduce the likelihood of future business interruptions.
Morrison Hershfield reviewed the facility to assess the age and condition of all major building components and to identify potential business continuity risks. The Capital Expenditure Plan developed by Morrison Hershfield identified over $20 Million in capital repairs in the first 10 years. More importantly, the study identified about $750,000 of risk mitigation repairs to minimize the owner’s business interruption risks.
Providing the context for which risks were considered the important ones along with the relatively small costs, allowed the owner to plan a significant capital renewal program to address their risks and perform important facility refurbishments.