Building Expansion

Under Construction: Take Control of Insurance Costs through OCIPs

With university construction projects and capital improvement campaigns costing upward of billions of dollars, Owner-Controlled Insurance Programs offer an opportunity for significant cost savings.

For years, universities have taken advantage of an insurance solution known as Owner-Controlled Insurance Programs (OCIPs) or “wrap-ups.” OCIPs provide general liability insurance and workers compensation for the length of a construction project for all or a majority of the parties involved rather than requiring each participant to be responsible for the procurement of insurance. OCIPs are used on large individual projects or on a “rolling” basis by aggregating smaller projects completed over time. A well-run OCIP can save a university 1-1.5 percent of hard construction costs.

Matt Zalaznick's picture

Ohio University may borrow $585 million to fix buildings

Ohio University trustees know that $585 million is a lot of debt to take on over the next five years. But interest rates are at historically low levels, they said. And it would be money well-spent if it keeps students, faculty and staff from walking away from the school because so many buildings are in need of major repairs.

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Campus construction roundup: See stories of budgets behind new buildings

Take a look at funding and budgeting snapshots of seven campus construction projects completed between last summer and this summer

Lynn Russo Whylly's picture

Glendale Community College has plans for growth

Glendale (Ariz.) municipal officials and Glendale Community College executives have developed plans to open a small business and entrepreneurship center downtown by late summer or early fall.

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Lynn Russo Whylly's picture

Randolf CC Opens New Continuing Ed and Industrial Center

A 46,000-square-foot abandoned furniture warehouse has been given new life as the continuing education and industrial center at Randolph Community College in Asheboro, N.C. The center includes seven classrooms; doubles the size of the Small Business Center; provides space for continuing ed classes and offices; houses a corporate training center; and doubles the space for the Computer-Integrated Machining program.

Lynn Russo Whylly's picture

Schenectady County CC (N.Y.) to Offer Classes in Albany County

This fall, Schenectady County Community College will offer classes on the second floor of the Albany County building in downtown Albany, officials said. Details are still being worked out ... and the college has not yet decided on the courses that will be taught in the 10,000 square foot space.

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The Big(ger) Picture: Why Integrated Master Planning Works—And Who to Get Involved

At The Ohio State University, the term “master plan” is obsolete. That’s because what traditional master plans often lack—input from an institution’s academic and finance folks—are an integral part of the One Ohio State Framework Plan, shares Amanda Hoffsis, senior director of physical planning.

Residential Partner

Privatizing a public university's housing operation

In all the understandable buzz about massive open online courses (MOOCs) and alternative models for delivering content, remember this: Residential campuses will continue to be critical to higher education and to preparing a competitive 21st-century workforce. Why? For starters, as MIT President L. Rafael Reif wrote recently in The Wall Street Journal, high quality online education and affordable residential campuses are intertwined.

Lynn Russo Whylly's picture

Financial Group Donates Downtown Building to University

In what will be the largest donation it has ever received, the University of the Fraser Valley (British Columbia, Canada) will take ownership in early 2013 of the former BMO Bank of Montreal branch building at historic Five Corners in downtown Chilliwack. The university will renovate and refurbish the facility to create UFV Plaza, a downtown education centre with a focus on programming related to business development and training.

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Inside Look: Residence Halls

Expectations and innovations for students' home away from home

With any campus building, what’s on the inside counts just as much—and probably more—than what’s on the outside. This is especially true with residence halls, which must include a balance of private and shared spaces. “The buildings need to promote interaction among students to encourage peer-to-peer learning in support of the institution’s academic mission,” says Jackson Kane, an associate and housing specialist at Lord, Aeck & Sargent. That’s no small order.