Maximising Asset Value Aecom Bfe Mena 2011

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Maximising Asset Value Aecom Bfe Mena 2011

  1. 1. Integrated Service Delivery: Maximising Asset Value <ul><ul><li>Jason Fournier – Associate Principal, Education Market Leader </li></ul></ul><ul><ul><li>Chris Bond – Associate, Facilities Management Consultancy </li></ul></ul>
  2. 2. Contents <ul><li>Maximizing built asset performance </li></ul><ul><li>Lifecycle approach </li></ul><ul><li>Best practice comparisons </li></ul><ul><li>Integrated project approach </li></ul><ul><li>Key drivers & success factors </li></ul><ul><li>Summary </li></ul>
  3. 3. Marlowe Academy, Kent, United Kingdom
  4. 4. Maximizing Built Asset performance <ul><li>Measures of performance: </li></ul><ul><ul><li>High space utilization </li></ul></ul><ul><ul><li>Flexibility / adaptability of space </li></ul></ul><ul><ul><li>Efficiency of layout </li></ul></ul><ul><ul><li>Low running costs (utilities, maintenance) </li></ul></ul><ul><ul><li>Ability to re-use / refurbish / reconfigure to suit future needs </li></ul></ul><ul><ul><li>Sustainability (energy, water, waste) </li></ul></ul><ul><ul><li>Design life </li></ul></ul>
  5. 5. Sharjah Library, University of Sharjah, United Arab Emirates
  6. 6. Life Cycle Approach
  7. 7. Life Cycle approach Evaluation of the total costs of procuring, owning and operating an asset
  8. 8. Life Cycle approach <ul><li>Visibility of the total costs </li></ul><ul><li>Long term financial viability </li></ul><ul><li>Economic judgements </li></ul><ul><li>Pay-back periods for investments </li></ul><ul><li>Sinking fund requirements for future major maintenance spend </li></ul><ul><li>Sustainability </li></ul>
  9. 9. University of Cape Town, South Africa
  10. 10. Best Practice Comparisons
  11. 11. What are Best Practices? <ul><li>Outline initial requirements </li></ul><ul><li>Capital v operational costs </li></ul><ul><li>Institutional legacy or “good soldier”? </li></ul><ul><li>Approach suitable for respective markets </li></ul>
  12. 12. Institutional Legacy Buildings <ul><li>Library, University of Virginia </li></ul><ul><ul><li>Designed as a significant </li></ul></ul><ul><ul><li>structure within the fabric of </li></ul></ul><ul><ul><li>the campus </li></ul></ul><ul><ul><li>Not easily repurposed </li></ul></ul><ul><ul><li>Historical value greater than </li></ul></ul><ul><ul><li>replacement value </li></ul></ul><ul><li>  </li></ul>
  13. 13. Fabric Building <ul><li>Fine Arts Building, </li></ul><ul><li>Carnegie Mellon University </li></ul><ul><ul><li>Designed as a background or </li></ul></ul><ul><ul><li>supporting building that within </li></ul></ul><ul><ul><li>the fabric of the campus </li></ul></ul><ul><ul><li>Has the ability to be </li></ul></ul><ul><ul><li>repurposed </li></ul></ul><ul><ul><li>Historical value may or may </li></ul></ul><ul><ul><li>not be greater than </li></ul></ul><ul><ul><li>replacement value </li></ul></ul><ul><li>  </li></ul>
  14. 14. Integrated Project Approach
  15. 15. AECOM Integrated service from inception to use PROGRAM <ul><li>x </li></ul>Use Construction Tender Detail design Scheme design Project brief Business case Inception <ul><li>Parametric cost modeling </li></ul><ul><li>Benchmarking </li></ul><ul><li>Financial profiling </li></ul><ul><li>Financial KPI’s </li></ul><ul><li>Option analysis </li></ul><ul><li>Client / project structure advice </li></ul><ul><li>Business case </li></ul><ul><li>Risk analysis </li></ul><ul><li>Value mgt </li></ul><ul><li>Space & workplace analysis </li></ul><ul><li>Stakeholder mgt </li></ul><ul><li>Client mgt </li></ul><ul><li>Development mgt </li></ul><ul><li>Develop brief </li></ul><ul><li>Define needs & outcomes </li></ul><ul><li>Detailed cost modeling </li></ul><ul><li>Benchmarking </li></ul><ul><li>‘ Design to cost’ advice </li></ul><ul><li>Procurement strategy </li></ul><ul><li>Change control </li></ul><ul><li>Whole life cost estimating </li></ul><ul><li>Legal structures </li></ul><ul><li>Full business case </li></ul><ul><li>Value & risk mgt </li></ul><ul><li>FM Consulting </li></ul><ul><li>Conditions for success planning </li></ul><ul><li>Project execution planning </li></ul><ul><li>Client / project team mgt </li></ul><ul><li>Scheduling </li></ul><ul><li>Design execution </li></ul><ul><li>Design & change mgt </li></ul><ul><li>Cost estimating </li></ul><ul><li>‘ Design to cost’ advice </li></ul><ul><li>Market analysis </li></ul><ul><li>Tender mgt </li></ul><ul><li>Contract negotiations </li></ul><ul><li>Change control </li></ul><ul><li>Technical adviser </li></ul><ul><li>Specification consulting </li></ul><ul><li>Design reviews </li></ul><ul><li>Value & risk mgt </li></ul><ul><li>Project steering </li></ul><ul><li>Scheduling </li></ul><ul><li>Set project controls baseline </li></ul><ul><li>Design execution </li></ul><ul><li>Design & change mgt </li></ul><ul><li>Supply chain mgt </li></ul><ul><li>PMO functions </li></ul><ul><li>Estimating cost of </li></ul><ul><li>change / change control </li></ul><ul><li>Cost negotiation with constructor </li></ul><ul><li>Cost reporting </li></ul><ul><li>EAC prediction </li></ul><ul><li>Final account </li></ul><ul><li>Legal consulting – claims and delay analysis </li></ul><ul><li>Value & risk mgt </li></ul><ul><li>Construction Supervision </li></ul><ul><li>FIDIC Engineer </li></ul><ul><li>Contract admin </li></ul><ul><li>Project controls </li></ul><ul><li>Project reporting </li></ul><ul><li>Client mgt </li></ul><ul><li>Document control </li></ul><ul><li>PMO functions </li></ul>COST QUALITY <ul><li>Energy analysis </li></ul><ul><li>Building surveying </li></ul><ul><li>FM </li></ul><ul><li>Post occupancy studies </li></ul><ul><li>Cost in use analysis </li></ul><ul><li>Hand-over mgt </li></ul><ul><li>Defects mgt </li></ul><ul><li>Asset mgt </li></ul><ul><li>Benefits analysis </li></ul>
  16. 16. Key drivers & success factors
  17. 17. Compton Union Building, Washington, United States of America
  18. 18. Key Drivers <ul><li>Feasibility studies </li></ul><ul><ul><li>Existing space audits </li></ul></ul><ul><ul><li>Test refurbishment / reconfiguration versus new-build options </li></ul></ul><ul><ul><li>Cost options and cash flow analysis </li></ul></ul><ul><ul><li>Master programmes, logistics & phasing plans </li></ul></ul><ul><ul><li>Procurement report for construction works </li></ul></ul><ul><ul><li>Life Cycle cost analysis </li></ul></ul><ul><li>Academic issues </li></ul><ul><ul><li>Curriculum & adjacency analysis </li></ul></ul><ul><ul><li>Student uptake profiles </li></ul></ul><ul><ul><li>Educational attainment </li></ul></ul>
  19. 19. Success Factors <ul><li>Management of assets </li></ul><ul><ul><li>Develop a robust asset management plan </li></ul></ul><ul><ul><li>Implement maintenance works schedules </li></ul></ul><ul><ul><li>Set targets to minimise breakdowns and failures </li></ul></ul><ul><ul><li>Conduct regular condition surveys </li></ul></ul><ul><ul><li>Develop asset replacement strategies based on life cycle cost analysis and condition survey data </li></ul></ul><ul><ul><li>Obtain regular feedback from building users </li></ul></ul><ul><ul><li>Respond to changing educational needs </li></ul></ul>
  20. 20. NZi3 Innovation Institute, University of Canterbury, New Zealand
  21. 21. Summary <ul><li>Life cycle view - assets need to be adaptable </li></ul><ul><li>Longevity requires an integrated approach </li></ul><ul><li>Robust business case </li></ul><ul><li>Refurbishment can be more cost effective than new build </li></ul><ul><li>Options appraisal </li></ul><ul><li>AECOM can provide an integrated suite of services across the project lifecycle </li></ul>
  22. 22. Jane Foss Russell Building, University of Sydney, Australia
  23. 23. “ The quality remains long after the price is forgotten”
  24. 24. Thank you

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