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All property owners should plan for building maintenance and system replacements costs for the life of the property. A capital replacement study looks at the current state of the property and forecasts the timing and costs of the property's capital assets. Typically, this forecast is for
20 years but can be tailored for the needs of the client. As unforeseen circumstances and weather events may arise, especially in Alberta, a forecast may shift or be expedited depending on what is going on around the property. It is beneficial for building owners to undertake a capital replacement study every few years to ensure up-to-date and relevant information is being considered in their business decisions.
