April 2007

April 2007

NAMS Property training sessions: The NAMS Property training held during March and April were extremely well received by the attendees, as suggested by the comments that were passed to NAMS Group:

• Totally applicable to what needs to be done at a council level
• Very informative and useful. Gives a good understanding of asset management to bring back and put into place at the council
• Essential to any manager of facilities/property/buildings
• Very logical presentation, clearly articulated
• Good introduction to the manual and applied workshops very useful
• Would be a great introduction for new staff

For a more detailed view of the seminar feedback, click here

Housing New Zealand Corporation:  HNZC are developing an industry guideline on how to write an 'housing asset management plan'  for Local Government and Community Based Organisations who are applying for the Housing Innovations Fund.  The principles in NAMS Property are being used by HNZC's Housing Innovations to ensure applicants provide valuable AMPs that  are  consistent, consider 25 year planning horizons, and are useful tools for both the participant and HNZC.

Hamilton City Council's property valuation:  HCC are currently undertaking a valuation of their property assets that utilise the principles described in Section 4.9 of the NAMS Property manual.  Fair Values have been determined using both condition based DRC and market values.  These Fair Values have then been apportioned to the 'component type' level to comply with IFRS. The end result is that depreciation is optimised through being calculated at a component level.

Progress of NAMS Property

	Current as at 01 April 2007 Local Government organisations continue to dominate membership.  It is expected that further central government agencies will become members over the next few months
	NZ dominates the membership at this stage due to the presence of the NAMS Group in NZ and their ongoing activities and promotion.

Did you know:

This month we focus on using the Grid or Full Screen Component views within the Demonstration System.

NAMS Property promotes a way of undertaking condition assessments that are seen as a paradigm shift in the industry.  The approach uses the property surveyor to provide information to the Asset Manager, where the Asset Manager is the one who makes decisions on the timing of future work rather than the surveyor.

This shifts the approach from identifying future works, to identifying and describing assets.  A small set of key data can be used to determine renewals programmes, maintenance schedules, taxation depreciation schedules and depreciated replacement cost valuations including calculated depreciation.  This is only possible if the full range of the building's components are assessed rather than just those components that require short term work.

Movements in the Industry

Let us know who is moving where…