The need to effectively maintain a building is critical to the success of any asset management plan. Often repairs are undertaken too late, necessitating expensive remedial work or renewal of the affected element, much to the dismay of the building owner and occupier. In alleviating this situation, Hampton Jones offers services of Maintenance Plans and Sinking Fund Analysis to assist in the efficient management of the asset and maintain an asset’s capital value and general amenity.
Maintenance Plans
Utilising our extensive experience and technical expertise in building construction, design and materials, we undertake a detailed survey of the asset to advise on the asset’s elemental composition, condition, life expectancy and required maintenance regime in order that forward planning for the upkeep and renewal of building’s element can be strategically undertaken in line with the client’s asset management objectives. Budgets are compiled using current building cost data and advice provided on prioritisation of works as well as procurement strategy. Plans can vary from three to twenty-five years, but are typically provided for up to ten years.
Sinking Funds
In addition to the above, Sinking Fund Analysis can be provided. This removes the peaks and troughs associated with high capital expenditure items such as repainting, roof renewal or major repairs. The process involves the amortisation of high cost items over the remaining life-span of the element so that a yearly contribution to a sinking fund can be established.
