SOURCE: VFA, Inc.

December 10, 2007 09:00 ET

National Institutes of Health Extends Contract With VFA for Facilities Capital Planning and Management Solution

Agreement Valued at $3.7 Million Over Five Years

BOSTON, MA--(Marketwire - December 10, 2007) - VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and asset management, today announced that the National Institutes of Health (NIH) is extending its long-standing relationship with VFA to provide facility condition assessment services and VFA.facility® capital planning software. Under the terms of the agreement, valued at $3.7 million over five years, NIH will continue to license VFA.facility software, and VFA will provide detailed condition assessments of NIH facilities.

NIH has relied on VFA solutions for facilities capital planning and management since 2002. VFA facility assessment services help NIH understand current conditions and requirements across its facilities, which include almost 13.2 million square feet of owned and leased laboratories, hospitals and administrative buildings. VFA.facility® software serves as a central source of information about NIH's facility assets, and enables the organization to effectively prioritize capital projects and optimally allocate funding for facility renewals and other improvements.

Jerry Kokos, president and CEO of VFA, notes, "NIH has been a leader among federal agencies in recognizing the value of taking a strategic approach to facilities management. VFA looks forward to continuing to work with NIH, the nation's leading medical research agency, to help ensure its facilities support its mission today and in the future."

About VFA

Headquartered in Boston, VFA, Inc. is the leading provider of end-to-end solutions for facilities capital planning and asset management. VFA's Capital Planning and Management Solution (CPMS™) uniquely combines facility assessment services, Web-based software and business consulting services to enable clients to manage every stage of the capital asset lifecycle -- from requirements gathering and long-term planning to capital budget creation and spend management. VFA has helped more than 350 organizations in corporate, education, government and healthcare markets to strategically manage more than two billion square feet of real estate. For more information, please call 800-693-3132 or visit http://www.vfa.com.

Contact Information

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