A Major Capital Improvement Project is any project using financing over $632,000. All projects valued under $632,000 qualify as Minor Capital Improvement Projects.
Major and Minor Capital Improvement projects refer to significant upgrades or enhancements made to existing facilities or infrastructure. Major Capital Improvements involve large-scale projects with substantial costs and extensive scope, such as building expansions or major renovations. Minor capital improvements are smaller-scale projects that generally involve less expense and complexity, such as minor repairs or equipment upgrades.
Major & Minor Capital Improvement Project: Large and small-scale upgrades to buildings or infrastructure.
