We work to improve asset management performance and increase public trust in the Public Utilities industry
Insight Asset Services is able to support the Public Not-For-Profit Government sector, and private utilities sector that are managing a growing population and increases in demand for utilities and services. We know you are facing tougher scrutiny as regulators and the public become more informed and interested in asset performance, and we know you face technological change and increased challenges from the effects of climate change.
We can provide a comprehensive range of sector specific services including:
- Asset valuation of infrastructure, plant, machinery and equipment
- Asset management advice
- Specialised data collection and condition assessment services.
We understand the difficulty operating NFP and private sector utilities assets:
- Generally high capital costs with limited income sources
- Long life infrastructure assets, witnessing change that has created higher levels of functional and economic obsolescence, adversely impacting upon asset usage and consumption profiles
- Management of large remote asset portfolios with limited staff.
Insight Asset Services can fill in the capability gaps to ensure:
- Asset performance is maximised through mature verified management strategies
- Future usage changes are identified and shown in annual reports through accurate asset values
- Asset data is recorded accurately and fit for purpose, to enable management systems to operate efficiently.
The importance of industry experience
Insight Asset Services understands the real world difficulties NFP government entities and other asset owners face, providing essential utilities to the public:
- Attracting government and public sector investment in new technologies or renewals to face aging asset portfolios
- Operating regulated infrastructure assets
- Assuring the public that the best asset management path is being taken
- Material, energy and fuel cost and environmental impact
- Retaining accurate fixed asset records and information
- Understanding complex asset systems.
Óur Professional Asset valuation reports provide:
- Market segment relevant professional results
- QMS derived outputs
- Evidence derived analysis
- Detailed and logical recommendations and guidance
Our Asset Management services provide:
- Physical verification and electronic reconciliation of assets and systems
- Defect registers and criticality ratings
- Renewal/replacement lifecycle plans
- Budget development modelling
- Specialised inspection services
Because of this industry experience, those operating assets in the public utilities sector can rely on our valuations to make informed decisions and provide reliable advice to the public, regulators or shareholders. They can also improve their asset performance strategies, and optimise asset investment through improved asset management, leading to a better outcome for the public.
Insight Asset Services strives to provide detailed expert assessments that are of value to our clients. We respect the trust given by our clients, and understand the impact our work can have on the public trust in an organisation.