SFG20

Scratching your head over built asset registers? Join SFG20 expert Davy Clark and James Weber on Tuesday the 18th March for a live webinar covering how to create or fix a built asset register yourself. With 43% of organisations having less than 75% of accuracy in their built asset register*, this is an industry-wide issue that SFG20 intends to tackle – register your place today via the link in the comments below. ⬇️ *SFG20's The State Of FM Survey 2024.

From maintenance schedules to the actual carrying out of work, built asset registers lay the foundation for all of your asset information systems. By maintaining an accurate and comprehensive built asset register, you can significantly reduce operational costs, extend asset lifespans and ensure compliance with current legislation and regulations. More specifically, a good built asset register can help the below stakeholders in the following ways.

Without an accurate built asset register in place, your maintenance operations will crumble, and fast. To maintain your buildings and assets safely and compliantly, you need to understand what is contained within the building and where assets are located. This is why it's so important to get your built asset register in shape.

Many building owners aren’t aware of their total asset count which can result in missed statutory maintenance tasks and ultimately lead to non-compliance. By having a fully comprehensive built asset register, this is a huge first step towards keeping your building safe and staying on the right side of the law. Every facility can benefit from a built asset register, regardless of its size, as it provides a complete overview of essential building information.

If you've heard of the term asset register, it's likely that you've come across various definitions. In the building maintenance industry, built asset registers serve as a complete repository for all of a building’s assets, helping to support effective maintenance management and compliance starting from how the information is stored to the actual carrying out of work. After all, if you do not have a complete record of all the assets, you can’t be sure that you are maintaining them properly and you can’t ensure that your organisation is compliant.

When kept up to date, built asset registers can help you to track, manage and maintain assets throughout their lifecycle. It’s vital to update asset information regularly, and you will also need to conduct a full review and update of your built asset register at least annually. Built asset registers should be updated any time capital work is carried out on the building or when significant asset repair or replacement is carried out.

Where you store your building's data can make all the difference. SFG20's recent The State Of FM Survey has highlighted that the industry is now moving towards software solutions to store built asset registers, with those using such formats reporting a 25% higher accuracy in comparison to other methods. Interested in data like this? There’s plenty more results from our survey to come – stay tuned to stay informed!

Fixing or creating a built asset register from scratch can be a huge worry – but not anymore. SFG20's upcoming webinar with James Weber and Davy Clark MISTC will show you how to tackle both of these challenges head on and save yourself stress, time and money. Nobody wants to work with a complicated (or in some cases, non-existent!) asset register. Hear exclusive best practice tips by signing up to the next SFG20 webinar below. ⬇️ https://lnkd.in/e7G_GxYY

An accurate built asset register is the backbone of all asset information. Without one, you can't be sure that all of your assets are being accounted for and therefore maintained in compliance with the law. What has been your greatest challenge with built asset registers? Let us know in the comments below. ⬇️

There's just under 4 hours to go until our Discover Our Digital Partners webinar with Vishak Chandra Prakash from Facilio! This is YOUR opportunity to see our integration with Facilio in action and to ask all of your biggest questions. Haven't signed up yet? The clock is ticking – follow the link below to confirm your virtual seat and our hosts will see you there! ⬇️ https://lnkd.in/eMwZnGCw