Capital Expenditure & Maintenance Reports

Capital Expenditure and Planned Maintenance Reports

A capital expenditure is incurred when a business spends money either to buy fixed assets or to add to the value of an existing fixed asset over a fixed time period. ‘Capex's’ are used in the property industry to maintain and upgrade their property assets and to maintain the value of such assets. Certain elements that may fall within this category are painting, roof replacement works, cladding and window replacement works etc.

Planned maintenance is a technique of establishing the issues of an existing property or structure is in at a certain point in time. It identifies what building elements will require work in the short, medium or long term of the asset and provides accurate costs against each item. Certain elements that may fall within this category damaged windows and galzing, blcoked and broken rainwater gutters, missing roof tiles etc.

A Capital Expenditure and Planned Maintenance Report is therefore an assessment of an existing asset to determine works required to that property at a particular point in time. A typical Capital and Planned Maintenance Report identifies the problems with a building (in an easy to read, logical order), recommendations on the repair works required, a time frame in which these works are required and a cost against these items based on quantifiable measures using up to date market costs.

The reports can be standard or bespoke and will vary depending on the clients requirements, building type, age and size. The reporting period of the report can also be tailored to the client’s requirements and can be based on any time frames ranging from 1 year to 25 years plus.

Advantages of Capital Expenditure and Planned Maintenance Reports

• Provides and accurate assessment of the asset at a specific point in time
• Identifies problems with the asset and solutions to those problems
• Prioritises Capital & maintenance works
• Helps to manage and allocate future property budgets
• The costs can be used and depreciated over the assets life

Capital Expenditure and Planned Maintenance Report services include:

• A discussion with Client’s regarding their property portfolios
• Onsite inspection of the building elements in accordance with the Client's brief
• Production of a written easy to manage report, or Client bespoke report
• Report tailored to Clients management timeframe
• Inclusion of budget costs for both Capital and Planned Maintenance works to assist with finance and budget allocation over the life of the asset
• Management of the Program including procurement of the works and Contract Administration of any refurbishment works as required

How much does a Capital Expenditure and Planned Maintenance Report Cost?

The cost of preparing a CAPEX and Planned Maintenance Report will vary depending on the type of property, location, size, complexity and the extent of the detail required. We will usually be able to provide you with a fee quotation within the same day as the enquiry. For more information please contact our Building Consultancy Department on 1300 990612 or complete the following Information sheet.

Why Washington Brown?

• We are committed to excellent client service. We will undertake the survey within five working days of Client Instruction and will have the report complete within ten working days.
• Our Building Consultancy Division has extensive experience in CAPEX and Planned Maintenance Reports on all property types including commercial, retail, industrial and warehouse properties and are considered experts within the property field.
• We are members of the Royal Institution of Chartered Surveyors (RICS) and members of the Australian Institute of Quantity Surveyors.
• Established for over 30 years, we have built up an extensive database of knowledge and experience within the construction industry.
• We have our own upto date in-house construction cost database providing accurate costs.