Building and maintaining a living data set to inform project decisions for the next 20 years.
In 2011, Singapore’s Institute of Technical Education (ITE) partnered with the Singapore government to open a new college catering for 9,000 full-time students, 3,600 part-time students and 680 staff across a 9.54-hectare campus. ITE West is known for its “hands-on, hearts-on, minds-on” approach to learning, teaching Business, Hospitality, Engineering, and Communications to Singapore’s next generation.
The campus was built using a 25 year Public Private Partnership. To get adequate funding and manage all partners in the consortium over the life of the partnership, the site managers Cushman and Wakefield (C&W) needed a strategic way to measure, store, and analyse the data of the property to inform budgeting and maintenance over the life of the facility. Then, it needed to turn that information into insights for a long-term projection of capital and maintenance costs, activities, and potential increases in capital and operational expenditure to justify spending of consortium and public funds. So they turned to AssetFuture’s innovative technology platform for the solution.
“AssetFuture has enabled us to have a common platform for inspection standards and data collection, allowing us to benchmark analysis of buildings.” – C&W
C&W collected the data using our Field Data Units. Our team built a detailed data set including each individual asset type, location, and condition. Then, we built a digital replica of the campus, stored in a cloud environment, and accessible to all the parties that need it. Now, maintenance staff can easily update conditions using portable Field Data Units, meaning a constantly evolving data feed which enables dynamic lifecycle reporting.
C&W have also saved time in reporting. The annual lifecycle reporting needed for the project used to take three months to collate. Now, it takes one week, freeing up resources to make broader strategic decisions about capital works projects. C&W also use the platform to demonstrate the impact of doing or not doing capital works on the campus. Resources have been freed up to engage in broader strategic thinking, rather than mundane data gathering.
The result of using AssetFuture’s technology is a shift from static information to responsive, accurate data to base decisions on. By having a live, digital replica available to all parties managing the project, AssetFuture allows ITE College West to make intelligent, informed, confident decisions about capital upgrades and maintenance for the life of the partnership.