Project Data
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RegionNorth Queensland
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LocationCassowary Coast
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ClientCassowary Coast Regional Council
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Duration / Date2013
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Categories
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Project #TEGCE13009
Project Scope
Sean Edwards undertook the establishment of an Asset Management Plan (AMP) – Building Structures for Cassowary Coast Regional Council (CCRC) to provide a financial analysis of the investment properties held by council to determine if the properties should be held or sold. TEG Consulting undertook the following:
- Asset valuation for each property based on condition, layout and data obtained from RPDATA and liaison with real estate agents.
- The purpose of this report is to provide CCRC a comprehensive record of the buildings based on up to date property audits for the selected community and Council buildings noted above, plus a two year operational / defect and cyclic maintenance program and ten year capital renewal program, together with the appropriate strategic, tactical, operational and financial planning documentation, will facilitate more active management of the buildings, including understanding the service delivery requirements and longer term funding / sustainability options.
Our Involvement
TEG prepared reports including Risk Management, Financial Forecasts, and Improvement recommendations. In accordance with IPWEA PN3.
- The reports involved an onsite inspection to asset building report and engineers report for condition. Identification of the structure asset and classification of the asset including criticality of the asset and level of service required. Risk assessment as to any risks posed to council and occupants. Building remediation report noting estimate of work to remediate deteriorated and other issues of structure for compliance, complete with budget. Preparation of asset management report noting costs maintenance schedule sectioned into capital works and maintenance works costs. Recommendations on cost benefit analysis and recommended costs budgeting to renew elements of each All documentation of plant assets to be entered into TAMS.
Using the asset management data obtained, including condition, maintenance items required split into maintenance and capital costs and remaining life of the assets; a financial report was produced including Cost Benefit Analysis (CBA) of the residential properties. From this an economic strategy was compiled to determine the benefit / or cost of holding the asset. A 20 year time frame divided into 5 years segments was the default period for determining depreciation and corresponding valuations using RPDATA CPI as factor to account for change in property valuation.
Project Outcomes
The completed AMP was adopted by CCRC and has been used in the ongoing management of the council’s building structures.
Sean Edwards accredited with IPWEA recognised Professional Certificate in Asset Management Planning.
Key Personnel
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Consulting Engineer:Sean Edwards
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Client Representative:Mandy Larsen
TEG Contact Details
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Contact:
Sean Edwards
Contact Us
Ph: (07) 4061 8276
M: 0403 213 714 -
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