Retrofit Prioritization + Capital Planning Kit

Turn a retrofit backlog into a capital plan: bundle work, hit timing windows, reduce disruption, and increase ROI

Decision KitsDecision Kit90 min

What you'll accomplish

  • Convert a retrofit wish list into a sequenced capital plan
  • Bundle projects so you don't pay disruption costs multiple times
  • Align projects to access windows (lease events, major repairs, shutdowns)
  • Build 3 scenarios (lean/base/aggressive) for leadership decisions
  • Produce a board/executive-ready summary + pipeline

Who this is for

Finance and capital planning teams

Budget and approval owners

Facilities/engineering and operations

Execution owners

Sustainability teams

Connecting actions to targets

Prerequisites

Quick start (60 minutes)

  • Create a Capex Calendar by site (Template 1)
  • Create a Retrofit Pipeline Table (Template 2)
  • Identify bundling opportunities (Template 3)
  • Build three scenarios (Template 5)
  • Draft the capital plan memo (Template 6)

The beginner-safe truth

Retrofit planning fails when teams ignore:

access windows

disruption costs

electrical capacity constraints

permitting lead times

tenant/customer constraints

measurement/proof

Beginner rule: Bundling + timing beats "best project on paper."

Step-by-step

1

Build a capex calendar (36 months)

For each site, capture: scheduled major repairs/replacements, lease events (renewals, turnovers), planned shutdown windows, and known constraints (access limits, critical operations).

2

Build a retrofit pipeline (don't over-model)

For each candidate project: category (controls/RCx, upgrade, replacement, electrification, metering), rough cost level ($/$$/$$$), timing feasibility (0–6 / 6–18 / 18–36 months), and dependencies (engineering, access, capacity, permits).

3

Bundle projects into "one disruption event"

Examples: If ceiling is opened → do lighting + sensors + controls together. If electrical work is happening → install metering and capacity upgrades. If HVAC replacement is planned → evaluate electrification in same window. If tenant turnover → upgrades are easier and cheaper.

4

Apply decision gates (approve / defer / kill)

Use gates: Is there a clear objective? Is measurement planned? Is access feasible? Are constraints known? Is this best done during a scheduled event?

5

Build three scenarios (so leadership can choose)

Lean: only no-regret + fast-payback + compliance-critical. Base: lean + medium projects aligned to capex cycles. Aggressive: base + transformational projects (electrification, deep retrofits).

6

Convert into a procurement and delivery plan

Lock calendar, run engineering studies early, standardize scopes where possible, create vendor pipeline (RFP timing, contract vehicles).

Templates included

Template 1 — Capex Calendar (copy/paste)

| Site | Window date | Planned event | Access constraints | Who owns schedule | Notes |
|---|---|---|---|---|---|

Template 2 — Retrofit Pipeline Table (copy/paste)

| Project | Site | Category | Cost level | Impact (1–5) | Feasibility (1–5) | Best timing window | Dependencies | Measurement plan? | Owner |
|---|---|---|---|---:|---:|---|---|---|---|

Template 3 — Bundling Worksheet (copy/paste)

| Site | Disruption window | Bundle name | Projects included | Why bundled | Risk | Notes |
|---|---|---|---|---|---|---|

Template 4 — Decision Gate Checklist (copy/paste)

Retrofit Decision Gate

- Objective defined (Y/N)
- Measurement plan exists (Y/N)
- Access window identified (Y/N)
- Constraints known (electrical, permitting, tenant) (Y/N)
- Dependencies identified (engineering, metering, data) (Y/N)
- Procurement path identified (Y/N)

Decision:
[ ] Approve
[ ] Defer (needs prerequisites)
[ ] Kill (not worth it this cycle)
Owner:
Due date:

Template 5 — Scenario Plan Table (copy/paste)

| Scenario | Total capex range | Sites covered | Key bundles | Primary benefits | Primary risks |
|---|---:|---|---|---|---|
| Lean |  |  |  |  |  |
| Base |  |  |  |  |  |
| Aggressive |  |  |  |  |  |

Template 6 — Capital Plan Memo (copy/paste)

Retrofit + Capital Plan Summary

Time horizon:
Objectives:
Inputs used:
- baseline energy data coverage:
- known system EOL list:
- access windows:

Scenario recommendation:
- Lean/Base/Aggressive (choose one)
Why:

Top bundles (next 12 months):
1)
2)
3)

Key constraints and mitigations:
- electrical capacity:
- access:
- permitting:

Measurement plan:
- how we will prove impact

Decisions needed:
- approve scenario
- approve pilot studies
- assign owners

Common pitfalls

  • Planning projects without access windows
  • Doing projects one-off (paying disruption costs repeatedly)
  • No measurement plan → savings claims are debated forever
  • Overbuilding engineering studies before prioritization
  • Ignoring permitting and lead times until too late

Proof metrics

% of projects aligned to planned events

Timing discipline

Number of bundles executed vs singletons

Bundling effectiveness

Reduction in "emergency replacement" events

Proactive planning

Measured energy and cost savings

From completed bundles

Change log

v1.0 (2026-01): Latest release