[CAUT] Piano replacement

[Jim Busby]

Thanks Fred.

Makes sense.

You'd think that other departments would be helpful, but even the computer (IT) folks just submit what they want or think they need w/o any real formula or tool. That's also what we've done over the years; "We need 20 uprights and 3 grands this year..." then they give us 10 and 2. I just figured there had to be a better way.

Best,
Jim

From: caut-bounces at ptg.org [mailto:caut-bounces at ptg.org] On Behalf Of Fred Sturm
Sent: Friday, March 19, 2010 12:41 PM
To: caut at ptg.org
Subject: Re: [CAUT] Piano replacement

Essentially you take the inventory value, and divide it by the years a piano is expected to last. I find it useful to distinguish between uprights and grands. So I might say uprights will last 30 years and grands 60, for instance.
            With those figures, upright replacement value (total upright inventory) divided by 30 gives you how much you need each year to replace the uprights, and grand replacement value divided by 60 gives you an annual grand replacement budget. Fudge the number of years to suit your situation. And you could factor in trade-in value as well, probably easiest as a percentage. You could say that trade-ins average 15% of the new price, and subtract 15% from the annual budget on that basis, or whatever figure you come up with as your average.
Regards,
Fred Sturm
University of New Mexico
fssturm at unm.edu<mailto:fssturm at unm.edu>
On Mar 19, 2010, at 12:15 PM, Jim Busby wrote:


All,

We're trying to develop an instrument replacement program/spreadsheet which would help us project yearly replacement costs. Does any such tool exist?? In other words, how can we tell administration (bean counters, etc.) an amount we need each year and justify it in a way they can understand?

All you "All Steinway School" folks, what do you do for replacement??? I can't find replacement in their materials, although they have very useful info about refurbishing, etc.

Eric W.,  Fred S., and Don M, it seems you have something, but I can't remember...

Thanks.

Jim Busby BYU and Snow College







-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://ptg.org/pipermail/caut.php/attachments/20100319/703f3fc0/attachment-0001.htm>