Auditing Increases Asset Viability

The built environment is made up of critical building services and infrastructure, which are major capital investments for any business. The use of comprehensive auditing services across buildings increases asset visibility and enhances risk management. By appropriately capturing all relevant data, building owners and occupants can develop a unique and strategic asset management/maintenance plan. The implementation of an audit plan, will enable the business to better manage assets, compliance, safety, risk and reliability. It will allow the identification of any potential failure points, which is an essential part of the life cycle assessment of each asset and associated infrastructure.

Audit plans assist in five key areas

1) Understanding Your Assets

A building services audit provides base line data to identify the current state of all building assets and services. It is also an essential starting point in both the short and long-term budgeting for maintenance and capital expenditure. Building owners are then equipped with the ability to project viable economic solutions.
2) Risk Profiling Assets
A detailed audit enables an asset risk profile to be established. Comprehensively interpreting data can highlight possible failure points, identify where opportunities may exist to improve productivity and decrease costs such as maintenance, energy and insurance. Risk profiling an asset decreases asset failure. If risk profiling is not undertaken in a timely manner there could be significant interruption to building occupants and associated infrastructure when a problem occurs.

3) Building Safety

As part of any audit in the built environment, existing building safety issues should be identified in the audit process. With duty of care obligations, clearly identifying current hazards/risks early will reduce potential impact on the health, safety and welfare of building occupants and maintenance staff.

4) Building Compliance

It’s imperative that a building is compliant for insurance, liability and safety reasons. If it is not, the building owner will be exposed to a high degree of potential future risk, which can have a major impact on productivity and profitability. A comprehensive building audit should allow for a full review of the regulatory compliance across services such as fire, electrical, plumbing, mechanical and building services.

5) Potential Energy Savings

Building owners and tenants are constantly looking for financial strategies and solutions to reduce expenses. A significant outgoing cost is energy consumption. Auditing will identify areas where building services can be optimised to reduce running costs and potential upgrade solutions, ultimately providing a stronger return on investment. An audit report also enables building owners to better understand how services operate and are controlled. Data helps owners in the decision-making process make informed business assessments.