Asset Management

Knowing what you own, where it is located and what it will cost over its life enables the asset owner and manager to control financial risk and responsibility to stakeholders.

To help our clients achieve this we set in place the ability to optimise the management of multi asset portfolio’s aligning tactical business requirements with the strategic corporate planning. Understanding how your assets are managed can only be achieved through consultation and client participation. This translates to ongoing organisational efficiency through ownership of the asset management process and outcomes.

Asset Registers
Many opportunities to add value depend upon compiling a detailed asset register. The level of detail required will be determined by the future plans for the property taking into account:

• Expected duration of ownership
• Planned future capital expenditure
• Age and condition of existing building
• Cost of producing the register versus the potential to add value

The most important role played by an asset register is to provide a basis for the analysis of vital property information. Well informed decision making requires access to reliable data. This relies upon a solid data collection methodology, data integrity and flexibility of analysis. We have structured our services around asset registers as they provide a robust form of data collection and storage, enabling a readily accessible and dynamic platform for analysis.

Basic register
The simplest form of asset register is the depreciation schedule which groups assets based on legislative provisions. This enables a small range of add on services including reinstatement cost assessments and basic asset analysis.

Summary register
A detailed asset register identifies individual assets enabling the provision of a wider range of services. The fundamental difference between the basic and detailed asset registers is that both depreciating and general building assets are identified separately in the detailed version.

Full register
A full asset register is the most useful service where property is to be held in a portfolio and analysed for an extended period of time. For example, each asset can be identified and monitored by location, by department or by ownership. It enables condition audits and capital expenditure forecasts to be easily added to the data. The initial cost will reap savings over time as maintenance costs are reduced and management processes are streamlined.