AssetMAP is a process that helps identify which buildings are most suitable for refurbishment or retrofitting, and the optimum upgrade for a selected building. It allows owners, investors and finance directors to focus scarce resources on reducing energy consumption and associated costs, getting more from their assets.
For any individual building the most appropriate course of action may be simply to retro-commission the building’s systems to optimise their performance and reduce operating costs. AssetMAP will identify this.
How can AssetMAP help?
AssetMAP answers the question, ‘How can these buildings work harder to support the business?’ It integrates architecture and engineering with financial and risk analysis.
It has been designed to offer a fast, transparent, cost-effective and rigorous approach to individual buildings, portfolios and estates including:
1. Portfolio optimisation: identifying how best to deliver value enhancement across a portfolio; and developing an implementation strategy for delivery.
2. Estate rationalisation: analysing an estate in line with business objectives and operational requirements to help identify which buildings will best meet future needs; and developing an implementation strategy for delivery.
3. Building optimisation: identifying the optimum combination of interventions to deliver maximum value.
4. Aquisition screening: quickly screening a range of potential acquisitions to assess their relative performance in areas such as energy consumption, carbon emissions, occupant health and satisfaction, and the 'cost to cure'.
The AssetMAP process
AssetMAP incorporates a three stage process, so that decisions about whether a given building is worth further study can be quickly and economically made. This minimises cost, time and risk. Clients may select whichever of the stages suits their needs.
Stage 1. What are the priority assets for retrofit?
For a collection of buildings we consider both technical and owner/tenant/market issues to assess the relative performance and improvability of the buildings. From this we identify the best candidates for upgrading and their likely levels of upgrade.
Stage 2. What level of intervention will deliver the most value?
For an individual building, we consider the costs, benefits and risks of a range of upgrade options. The options are chosen with the owner’s and/or occupier’s drivers and goals in mind.
We estimate ‘hard indicators’, i.e. capital costs and operational savings in energy, carbon and water and utility costs, measured against business as usual. We also assess non-quantifiable benefits, which are referred to as ‘soft indicators’. We discuss and agree with our clients which soft indicators are most important to them. Typically these may include
- Building appearance and feel
- Occupant health, productivity and satisfaction
- Climate change resilience
- Market obsolescence and regulatory risk
- Support to the business
- Community engagement/public value
AssetMAP integrates this information with market data provided by the owner or their property advisers in a way that enables the owner to identify the best value upgrade strategy.
Stage 3. Precisely what interventions will deliver the optimum outcome?
The third stage is a full feasibility analysis of the proposed upgrade option in order to confirm the details and cost of the intended retrofit.
What is the most effective strategy for delivery?
We can provide the design for whichever upgrade package is selected, and advise on financing, procurement and delivery strategies.
How will outcomes be measured?
Following practical completion we can assess the building’s performance to establish the outcome of the retrofit and to ‘fine tune’ where needed. This will optimise performance in terms of energy and carbon emissions, operational costs, comfort and occupant satisfaction.