A team of experts who have a passion for the built environment and a reputation for delivering commercial advice with long term value to the property sector. ​ AssetWize is part of the JGS Group. An independent trusted advisor, focused on intelligent investment returns. Find out more about us at www.assetwize.com.au

An asset register is considered to be the fundamental information source for all property related maintenance and expenditure. It contains all capital items and assets requiring maintenance or replacement over time in a building, for example air-conditioning plant or water treatment systems. This assists in formulating the lifecycle cost of an asset and considers the condition, age and use, assesses the replacement cost and the asset’s operational maintenance requirements. This is compiled through a combination of a site audit, documentation review and consultation with our clients, operators and their service providers.

At the core of an Asset Management Plan is a lifecycle forecast. This provides clarity for: 1) The costs associated with both maintenance and replacement of capital assets identified 2) Frequency of the costs incurred 3) Expected lifespan of these items and expected maintenance and replacement requirements When considering the funding of the operational and capital expenditure forecasts for an Asset Management Plan, an appreciation of how areas are utilised and any planned refurbishment timeframes together with the maintenance standards that are expected is required.

AssetWize analyse the asset register information to provide additional operational/maintenance costs relative to both statutory and best practice planned maintenance as well as understanding any reactive maintenance matters requiring attention, providing you with further financial insight into the day-to-day running costs of your portfolio. This means that our lifecycle cost information can help to optimise the use of existing funds or grants made available to village operators whilst reducing costs.