SECTION 3 ASSET KNOWLEDGE TYPE The replacement value of infrastructure assets (other than buildings) managed by the five Hawkes Bay local authorities is $4.26b. The first fundamental for responsible asset management is that each Council knows exactly what assets it owns and the location, material type, condition, – capacity, criticality, performance, age and remaining life of each. Figure 3.1 shows the type ‘assets’ mix’ and Figure 3.2 gives a snap shot of the councils’ assessment of the completeness and accuracy of the asset data. Figure 3.1 Assets’ Type Mix Replacement ($m) – –
SECTION 3 ASSET KNOWLEDGE TYPE The replacement value of infrastructure assets (other than buildings) managed by the five Hawkes Bay local authorities is $4.26b. The first fundamental for responsible asset management is that each Council knows exactly what assets it owns – and the location, material type, condition, capacity, criticality, performance, age and remaining life of each. Figure 3.1 shows the ‘assets’ type mix’ and Figure 3.2 gives a snap shot of the councils’ assessment of the completeness and accuracy of the asset data. Figure 3.1 – Assets’ Type Mix – Replacement ($m)
MWH-Asset-Management-Activities-Hawkes-Bay-Region-LocalAuthorities-finalreport.docx