SOURCE: VFA, Inc.

April 16, 2007 09:00 ET

VFA Introduces VFA.auditor™ Survey to Support Federal Real Property Asset Management

Web-Based Survey Guides Federal Agency Personnel in Collecting Information Required Under Executive Order 13327

BOSTON, MA -- (MARKET WIRE) -- April 16, 2007 -- VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and asset management, today announced the release of the VFA.auditor™ Federal Real Property Asset Management Survey, designed to enable federal agencies to inventory their real property assets quickly and cost-effectively.

Under Executive Order 13327, federal agencies must maintain an accurate, up-to-date inventory of real estate assets. For agencies that manage large, geographically dispersed real property portfolios, with facilities across the U.S. or around the world, maintaining a current picture of the conditions of real property assets can be a significant challenge.

The Federal Real Property Asset Management Survey, deployed on the VFA.auditor platform, employs a series of Web-based forms to guide an organization's field personnel in gathering the information about each facility that is required for federal real property reporting. It enables the collection of all 24 data elements mandated by the Federal Real Property Council, including information about an asset's identity, location, type and use, legal interest and status, size and value, performance measures, restrictions and disposition. VFA also offers capital planning consulting services to federal agencies, including the development of Real Property Asset Management Plans.

"Detailed information about real property assets forms the basis for federal agencies to develop effective Asset Management Plans and to demonstrate the rationale for funding requests," said Jerry Kokos, President and CEO of VFA, Inc. "With the VFA.auditor Federal Real Property Asset Management Survey, agencies can cost-effectively maintain critical asset data, streamline reporting to the Federal Real Property Council, and ensure they have defensible data to support decisions about facility investment and disposition."

Federal organizations including the U.S. General Services Administration (GSA) and the National Oceanographic and Atmospheric Administration (NOAA) have employed VFA solutions to collect asset inventory data, as well as to support their long-term capital planning and management initiatives.

Like all surveys available on the VFA.auditor platform, the Federal Real Property Asset Management Survey features built-in workflow, automated reporting and secure Internet access, requiring only a standard Web browser and Internet connection to be used by agency personnel worldwide. Federal organizations can deploy the VFA.auditor Federal Real Property Asset Management Survey alone or in conjunction with other surveys designed to collect additional information about facilities and major building systems. Such expanded solutions can support agencies in evaluating asset conditions, estimating costs and establishing the foundation for effective Asset Management Plans.

VFA.auditor is fully compatible with VFA's award-winning capital asset planning and management software, VFA.facility®. When used in conjunction with VFA.facility, asset data collected using VFA.auditor surveys can form the basis for analysis of long-term costs, creation of "what if" funding scenarios and development of capital projects.

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 customers 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.

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