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Client: Al Forsan Real Estate
Location: Abu Dhabi
Project Value: Confidential
Purpose: Life cycle costing
The project involved undertaking lifecycle cost reports and condition assessments of the assets to the Al Forsan estate in Abu Dhabi, including the staff accommodation, district cooling plant, mall, hotel and residential towers.
We undertook a physical inspection of the assets to all of the buildings in each of the developments listed above in order to verify the asset lists provided by the client. The inspection recorded the condition of the assets and marked them against a predetermined criteria which will allow us to estimate the remaining useful life of the asset.
We produced a comprehensive lifecycle cost report where the cost for each asset along with the replacement year is input into our bespoke financial model that has been specifically designed for the UAE market. The model will factor in inflation over the life of the asset and interest earned on the cap ex balances.
Our report outlines the asset replacement fund contributions required by the building owners to cover the cost of replacing the assets as they life expire over the lifecycle of the buildings.
The undertaking of the study means that the owners can plan and budget for maintenance work required over the study period and it ensures that there is a provision in place for replacing assets at the end of their useful life.
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