Asset Management | Planning For The Future
There are physical components like tanks, valves, pipes, pumps, and any other components that make up the system. These assets lose value as the system ages, which means they deteriorate. As the asset deteriorates, the level of service provided may become compromised. This can result in an increase in operation costs, which can be costs that the community is unable to afford. KLM’s water tank asset management service will help you manage your assets so your system remains in good working order.
A Comprehensive Approach To Managing Assets
KLM takes a very comprehensive approach to managing system assets so that owners can make better decisions when it comes to caring for those assets. Asset management is the act of meeting a required level of service in the most cost-efficient way possible. This is done through construction, operation, inspection, maintenance, and rehabilitation of assets when needed.
There are several reasons why effective asset management is needed:
- Provides cost savings to the owner and public
- Important to the health and safety of the public
- Plays a role in economic development
- Promotes the operation efficiency of the system
While cost is a very important part of asset management, it isn’t the only element that is a priority. The intent behind asset management is to ensure the long-term operation of the water tower or storage tank.
Straightforward And Honest Approach
When KLM creates an asset management plan, it will contain some core components. Those components include:
- Asset inventory
- Level of service
- Revenue structure
- Critical assets
- Improvement and/or maintenance plan
- Safety and security
Several tools may need to be integrated along with existing systems to create a plan that supports a solid asset management program. KLM works hand in hand with owners to make sure the plan works for their needs.
Contact A Minnesota Water Tower Asset Management Company
Overall, asset management can be time consuming. Having KLM as your consultant for water tank asset management company will save you time and money, as it is best to have experience on your side. Call KLM Engineering, Inc. today at 651-773-5111.