The Common Framework and Justifying Investment in 'Management and General' Asset Types
ISBN: 1 84057 598 0
Almost all UK water companies applied the Capital Maintenance Planning Common Framework to operational assets at the 2009 Price Review, but application to so-called 'Management & General' (M&G) assets has been less comprehensive.
From a review of current practice in M&G investment and following consultation with Ofwat, a set of nine methodologies has been identified together with a number of general principles. These are described in the report, accompanied by guidance and worked examples. The methodologies and guidance form a framework which companies should take into consideration when planning capital maintenance expenditure for M&G assets and preparing business plans at the next Price Review.
The asset groups considered were: IT; telemetry and SCADA; accommodation; fleet; Health & Safety and security, and; recreation.
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