Work will include development of the Town’s Asset Management Strategy and Policy, assist with developing a Life Cycle Modeling Solution, and develop comprehensive reporting and preventative maintenance on all asset types, including but not limited to: facilities, utilities, parks, stormwater, and streets. The successful firm will provide the following services: Phase 1: Asset Management Strategy and Policy Development a. Gap Analysis: Assessing the current asset management program and identifying the necessary improvements or steps to reach the desired asset management goals. b. Asset Management Policy Development: Creating formal policies that define how assets should be managed within the organization, which would establish clear governance and operational guidelines. c. Asset Management Strategy Development: Crafting a comprehensive strategy that outlines how assets will be managed, including objectives, timelines, and approaches. d. Governance and Plans Development: Setting up frameworks, processes, and procedures that ensure the asset management program is sustainable and continually improves over time. Phase 2: Life-Cycle Modeling Development a. This service involves establishing a Life-Cycle Modeling tool. The goal is development of a planning tool to model the life cycles of various asset types and funding scenarios. The solution should be designed in a way to ultimately be maintained and utilized by the Town asset management professionals and staff internally. i. Asset data factors may include replacement costs, condition, life-expectancy, age, critically, repair history, budget scenarios, planned treatments and projects. ii. The solution may be one that your firm can implement in-house using your own tools and capabilities, or one where you can assist the Town with the selection and implementation of a third-party software solution.
