Asset Management Services

Helping communities identify/inventory their assets, evaluate the condition and remaining useful life of the assets, and developing proactive methods to maintain, optimize useful life, and replace assets in a prioritized manner.

What are Asset Management Services?

F&V helps communities identify/inventory their assets, evaluate the condition and remaining useful life of the assets and develop proactive methods to maintain, optimize useful life, and replace assets in a prioritized manner.

It is important to the functionality and fiscal wellbeing of a community to manage assets and have an Asset Management Plan (AMP). It enables communities to operate, upgrade, and dispose assets in the most cost-effective manner.

It is F&V’s goal to help clients perform the right work at the right time and for all the right reasons. We assist communities is finding solutions that focus on the highest priority needs.

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Maximize the Lifespan of Your Assets

We offer a variety of services that can help you plan for the orderly replacement and rehabilitation of aging infrastructure. Call us today. We are ready to serve you!

Types of Asset Management Services

Benefits of Proper Asset Management Planning

A thorough AMP, with short- and long-term Capital Improvement Programs (CIP), benefits communities in many ways. It saves communities on spending additional money and repairs on infrastructure assets that have outlived their useful life cycle.

In addition to having strong and functioning infrastructure, our AMP strategy leverages data and technology to optimize system operation and renewal. Other benefits include:

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Step 1

Reducing unexpected issues & repairs

Emergency repairs can be an inconvenience and a hassle. They are more costly than pro-active. It’s important to have planned maintenance and replacement strategies. For example, it is better to plan a sewer lining project to extend a sewer’s life during low flow than to have that same sewer collapse at 2 a.m., causing a sinkhole and requiring an emergency repair that closes the road for several days.

Step 1

Step 2

Developing a realistic annual budget

Once a prioritized list of needed improvements and maintenance work is developed, municipalities can plan these improvements and include realistic costs in their annual budgets.

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Step 3

Reducing redundant assets/spending

The prioritized CIP will identify the right work at the right time for each asset. This will prevent the “band-aid approach” where the same asset is repaired multiple times at a higher total cost than complete replacement would have been. In addition, good asset management coordinates between different asset classes in close proximity to allow for a “dig once” approach.

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Step 4

Conclusion

Asset management is an industry standard approach to optimize asset life and minimize life cycle costs and is typically a requirement of regulatory and funding agencies involved in utility oversight, permitting, and funding. Not only is asset management a best practice, but it is also required for many types of assets (e.g. water, sanitary sewer, etc.).

Step 4

Industries

Communities and municipalities own and maintain a variety of assets that are essential to providing necessary services and protecting public health and safety, and the environment.

Water, wastewater, and stormwater assets are essential for public and environmental health. Often these assets are among the most expensive to construct and replace. Optimizing their lifespan is needed to ensure reliable service and the best use of public funding.

Why Choose Fleis & VandenBrink?

Experienced F&V staff can assist you with all aspects of asset management, including inventory and database development (using GIS), level of service development, condition assessment, hydraulic modeling and performance evaluation, planning, risk analysis, capital improvement planning, implementation and project funding, and continual improvement/modification.

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