BuildingFit Case Study: Utah Olympic Park Slide Track Optimization

Case Study—Utah Olympic Park Slide Track Optimization

Client: Utah Olympic Legacy Foundation

Provider Group: ETC Group | BuildingFit | SkySpark

Introduction

ETC Group presents the insights gathered from using BuildingFit and SkySpark analytics to analyze the data from the 2020–2021 winter Slide Track season. These insights make us confident that upgrading the rest of the valves, and using guidance available from the analytics, the UOP team will have the equipment and information they need to have fewer emergencies, a faster track, and improved energy efficiency.

The Problem
Currently, most of the track is overcooled. But if track temperatures could be more tightly grouped, and the volatility caused by setpoint changes can be reduced, we could eliminate much of today’s overcooling, which would result in a faster track, and lower utility bills.

The Solution
Data indicates that the track team has successfully executed a “set it and forget it” approach to mid-zone valve positions. After the upper and lower zone valves have been upgraded, very few valve adjustments were needed. Utilizing BuildingFit and SkySpark analytics each zone is monitored constantly which allows visibility into valve regulation and variations in temperature. 

Scope 

  • Evaporator Valve Work 
  • Valve Station Replacements 
  • Protective Coverings 
  • As-Built Documentation 
  • Automation Oil Drain Valves 
  • Pump Minimum Flow 
  • Pump Replacement 
  • Track Control System
  • Analytics based Monitoring 

 

Service: Turnkey, Renovation 

Duration: March 2020 – October 2020 

Construction Budget: 2 million ~ 

Track Length: 1335 Meters  

Originally designed as Official U.S. Olympic Training Sites, the track today serves as a training center for Olympic & Paralympic National Team members and development athletes, hosts numerous local and international competitions, and in addition, offers exhilarating bobsled rides to the general public. 

 

Building Analytics ROI | BuildingFit

ROI on Building Analytics — Part 2

 

Comfort

 

Facility management teams really start to pay attention once building analytics and KPIs that focus on maintaining and improving comfort are deployed. Counterintuitive as it may seem (especially from an energy efficiency engineer’s perspective), energy savings are not a large driving factor in facility management (FM), but cold calls are.  They’re a significant pain point.  Building analytics that allow FM teams to solve problems in their buildings that lead to cold calls make their lives easier.  It also allows FM teams to start being proactive in terms of how they address cold calls, instead of reactive.  Reactive maintenance usually involves responding to complaints from unhappy tenants.

Pinning down the return on investment associated with maintaining higher levels of comfort, reducing cold calls, and generally increasing occupant satisfaction, is not easy – mainly because the benefits are not direct, like energy savings, rather they are indirect, things like better lease renewals rates, higher patient satisfaction scores in hospitals, or increases is productivity.

Losing a tenant can be expensive and just downright painful. What are the costs exactly? – using a  20,000 sf space in a 200,000 sf building as an example.  At $30/sf, lost rent alone is significant at $50,000 month. Realtor fees to find that new tenant let’s say 6% of the total lease value – so if it’s a 3 year deal that’s a $108,000 fee.  Vacant space can also negatively impact the overall property value. Clearly as a building owner anything that can be done to keep a tenant happy, and profitable, aligns with their best interests.  The cost of a building analytics deployment on a property of that size, is about $40,000-$60,000.  Costs from not keeping tenants happy and not keeping spaces leased can quickly escalate, dwarfing the cost of building analytics.

A major revenue driver in healthcare is patient satisfaction scores.  Higher patient satisfaction scores result in higher reimbursement payments (more revenue) not to mention a better reputation.  There’s a lot more to the patient satisfaction scores than patient comfort, things like quality of care, cleanliness, and responsiveness.  Since Medicare and Medicaid account for roughly 1/3 of a hospital’s annual revenue, anything that can be done to drive higher patient satisfaction scores leads to increased revenues and really drives a quick return on investment in building analytics.

Keeping tenants (employees) happy and productive, can really help drive business results.  The 3-30-300 rule, $3/sf for utilities, $30/sf for rent, and $300/sf for payroll, illustrates this best.  Let’s look at what we get from a 1% improvement in the 200,000 sf building we were talking about before.  Some quick math gets us to 1% reduction in utilities = $6,000/year, 1% lower rent cost = $60,000/year, but a 1% improvement in productivity can yield a $600,000/year benefit.  Clearly if you believe that comfort = improvements in productivity, then the investment in building analytics will have a fast payback.

The challenge is that the major benefits from improving comfort in buildings, longer leases, higher patient satisfaction scores, and increases in employee productivity are not directly measurable. While tracking cold calls and closely monitoring comfort related key performance indicators is easily achievable, correlating improvements that directly have a positive impact on the bottom line is difficult.  One could argue the benefits are real but the leap is, is it really driving value for your organization? Given the amount of value it could be driving – it’s probably worth the risk.

Utah Clean Energy

BuildingFit Sponsors Virtual Fundraiser for Utah Clean Energy

BuildingFit is proud to sponsor “An Evening of Hope,” a virtual fundraiser for local nonprofit, Utah Clean Energy! This is Utah Clean Energy’s biggest and most important event of the year to ignite a new energy future and turn the tide on climate change.  Keynote speaker of the event is Damon Gameau, the star and filmmaker of “2040 – an optimists guide to saving the world.” Join us at the event and get a link to watch the inspiring documentary, “2040”! Check out the film trailer below. Hope to see you on October 28, 2020, 7:00 – 8:00 pm!

 

BuildingFit Constructor

Introducing Constructor—BuildingFit’s Newest SkySpark Application

 

 

Point. Click. Build

BUILD your SKYSPARK PROJECT with more ACCURACY in LESS TIME

BuildingFit would like to announce our new SkySpark app, Constructor.  The Constructor application is designed to automate the project build process — driving site build times down by roughly 70% while increasing accuracy dramatically, all without the need for axon or fantom programming expertise. Click here for more information.

BuildingFit Constructor Dashboard

BuildingFit

Building Fit
+1-385-246-3759
contact@BuildingFit.com

1997 South 1100 East
Salt lake City, Utah, 84106

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