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Organizations wanting to maintain a sense of strategic readiness in their capital program find this is especially tricky during times of uncertainty. This is where robust program management processes can help. Building agility into the portfolio can result in greater resilience, sustainability and reduced costs.
AtkinsRéalis’s expertise in this area is being harnessed by a national commercial and retail bank. We have been appointed as the single source consultant to deliver on their annual capital investment program across an estate of over 1,000 properties (branches, offices and data centers). The program covers repairs and the replacement of end-of-life assets within the UK and Ireland. In 2020, this comprised 272 projects involving 161 properties. The projects included critical mechanical and electrical (M&E) replacements, life safety system replacements, asbestos removal, roof and facade replacements, and security enhancement.
There were a number of key challenges. We needed to understand the condition of assets across a large, diverse estate. And we had to ensure our delivered solutions met statutory compliance rules. Controlling the annual budget expenditure was crucial as was ensuring works caused minimal disruption to critical business functions. We also needed to progress the client’s net zero carbon (NZC) journey.
Our solution was to incorporate our smart investment planning (SIP) methodology. SIP is a unique approach that combines deep industry experience with an innovative optimization engine. It provides an evidence-based investment projection that ensures the right level of investment is delivered on the right assets at the right time.
We were also focused on driving value across the program, particularly ensuring minimal disruption to trading buildings. And, despite the Covid pandemic, our agile approach ensured that the program was safely delivered on time and on budget. In fact, we delivered on the target yearly budget spend in just 11 months. System upgrades ensured non-compliance was reduced. and we delivered investment projects to 10% more buildings than planned.
Our sustainability experts, who recently co-authored the RICS guidance document on embodied carbon calculations, ensured 2020 was a pivotal year for the program. Working in partnership to set agreed energy targets for our framework suppliers, we have helped achieve the client’s goal of NZC in just one year. Our expertise has also helped the client achieve a reduction in energy consumption of 20% in a year.
We also shared interactive, real-time dashboards with all stakeholders to help the client demonstrate how it both invests in environmentally sustainable assets whilst also achieving savings through reduced maintenance. And by utilizing our Navigator tool and developing value engineering solutions we achieved cost savings of more than £14m.
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Such waiver and release specifically includes, without limitation, any and all rights and claims pertaining to reliance on the data or content of the External Website, or claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute. You also recognize by clicking “Accept” that the terms of this disclaimer are reasonable.
The information provided by Virtua Research cited herein is provided “as is” and “as available” without warranty of any kind. Use of any Virtua Research data is at a user’s own risk and Virtua Research disclaims any liability for use of the Virtua Research data. Although the information is obtained or compiled from reliable sources Virtua Research neither can nor does guarantee or make any representation or warranty, either express or implied, as to the accuracy, validity, sequence, timeliness, completeness or continued availability of any information or data, including third-party content, made available herein. In no event shall Virtua Research be liable for any decision made or action or inaction taken in reliance on any information or data, including third-party content. Virtua Research further explicitly disclaims, to the fullest extent permitted by applicable law, any warranty of any kind, whether express or implied, including warranties of merchantability, fitness for a particular purpose and non-infringement.
The consensus estimate provided by Virtua Research is based on estimates, forecasts and predictions made by third party financial analysts, as described above. It is not prepared based on information provided by AtkinsRéalis and can only be seen as a consensus view on AtkinsRéalis' possible future results from an outside perspective. AtkinsRéalis has not provided input on these forecasts, except by referring to past publicly disclosed information. AtkinsRéalis does not accept any responsibility for the quality or accuracy of any individual or average of forecasts or estimates. This web page contains forward-looking statements based on current assumptions and forecasts made by third parties. Various known and unknown risks, uncertainties and other factors could lead to material differences between AtkinsRéalis' actual future results, financial situation, development or performance, and the estimates given here.
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Please note that you are now leaving the AtkinsRéalis website (legal name: AtkinsRéalis Group inc.) and entering a website maintained by a third party (the "External Website") and that you do so at your own risk.
AtkinsRéalis has no control over the External Website, any data or other content contained therein or any additional linked websites. The link to the External Website is provided for convenience purposes only. By clicking "Accept" you acknowledge and agree that AtkinsRéalis is not responsible, and does not accept or assume any responsibility or liability whatsoever for the data protection policy, the content, the data or the technical operation of the External Website and/or any linked websites and that AtkinsRéalis is not liable for the terms and conditions (or terms of use) of the External Website. Further, you acknowledge and agree that you assume all risks resulting from entering and/or using the External Website and/or any linked websites.
BY ENTERING THE EXTERNAL WEBSITE, YOU ALSO ACKNOWLEDGE AND AGREE THAT YOU COMPLETELY AND IRREVOCABLY WAIVE ANY AND ALL RIGHTS AND CLAIMS AGAINST ATKINSRÉALIS, AND RELEASE, DISCHARGE, INDEMNIFY AND HOLD HARMLESS ATKINSRÉALIS, ITS OFFICERS, EMPLOYEES, DIRECTORS AND AGENTS FROM ANY AND ALL LIABILITY INCLUDING BUT NOT LIMITED TO LIABILITY FOR LOSS, DAMAGES, EXPENSES AND COSTS ARISING OUT OF OR IN CONNECTION WITH ENTERING AND/OR USING THE EXTERNAL WEBSITE AND/OR ANY LINKED WEBSITES AND ANY DATA AND/OR CONTENT CONTAINED THEREIN.
Such waiver and release specifically includes, without limitation, any and all rights and claims pertaining to reliance on the data or content of the External Website, or claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute. You also recognize by clicking “Accept” that the terms of this disclaimer are reasonable.
The information provided by Virtua Research cited herein is provided “as is” and “as available” without warranty of any kind. Use of any Virtua Research data is at a user’s own risk and Virtua Research disclaims any liability for use of the Virtua Research data. Although the information is obtained or compiled from reliable sources Virtua Research neither can nor does guarantee or make any representation or warranty, either express or implied, as to the accuracy, validity, sequence, timeliness, completeness or continued availability of any information or data, including third-party content, made available herein. In no event shall Virtua Research be liable for any decision made or action or inaction taken in reliance on any information or data, including third-party content. Virtua Research further explicitly disclaims, to the fullest extent permitted by applicable law, any warranty of any kind, whether express or implied, including warranties of merchantability, fitness for a particular purpose and non-infringement.
The consensus estimate provided by Virtua Research is based on estimates, forecasts and predictions made by third party financial analysts, as described above. It is not prepared based on information provided by AtkinsRéalis and can only be seen as a consensus view on AtkinsRéalis' possible future results from an outside perspective. AtkinsRéalis has not provided input on these forecasts, except by referring to past publicly disclosed information. AtkinsRéalis does not accept any responsibility for the quality or accuracy of any individual or average of forecasts or estimates. This web page contains forward-looking statements based on current assumptions and forecasts made by third parties. Various known and unknown risks, uncertainties and other factors could lead to material differences between AtkinsRéalis' actual future results, financial situation, development or performance, and the estimates given here.
We continually adapt our agile approach to match the future expectations and requirements of the client. Working with the client we provide clear, transparent reporting and well-considered recommendations to ensure a smart investment programme.
Claire Sarafilovic
Director, AtkinsRéalis
AtkinsRéalis is forward-thinking to pre-empt client requirements. The team proactively creates a right first-time approach and actively promotes teamwork and collaboration with all stakeholders in the programme.
Anonymous