The Financial Accounting of property assets can reflect not only the book value of the assets but also reflect the assets themselves, their condition, their performance and their attributes.
Rider Levett Bucknall Advisory works with owners and occupiers of buildings to ensure that they are able to take full account of the total impact of their buildings and can advise on many alternate methods of identifying and accounting for assets. At Rider Levett Bucknall Advisory we believe that these methods must not only be informative but also simple in presentation providing the best platform from which to manage and make decisions.
With total operating costs amounting to several times the initial capital cost, clients are increasingly focusing on longer term strategies that span their investment horizons and beyond, to ensure they are able to consider the impact on value at all points in a properties useful life. The emphasis on sustainability and environmental impact make this even more important.
In particular, we offer the following services:
Clients typically face challenging options in evaluating future decisions and we support this by undertaking detailed cost/benefit analysis, reinforced by recommendation.
By utilising cost based models Rider Levett Bucknall are able to assist in the quantification and identification of assets, for use in the development of asset registers and valuation models. Often asset registers are developed with little consideration of the physical asset or its operating platform. Rider Levett Bucknall have experience in the development of extensive asset registers and assisted on complex asset valuations.
In the evaluation of returns made from property assets, the ongoing cost of non-recoverable capital expenditure is often overlooked or not adequately investigated. Although many properties are evaluated based on relatively short horizons the resale value can often be compromised by poorly considered capital expenditure programmes.
Rider Levett Bucknall Advisory have prepared many capital expenditure forecasts on numerous income and non income producing asset types. Rider Levett Bucknall understand the importance of defining recoverable and non recoverable expenditure and the proper allocation of costs whether for determining responsibility under leases, establishment of sinking funds or for the evaluation of current and future depreciation charges.
We have developed a four dimensional cost model (4DCM) which enables detailed dynamic appraisals to be made of capital and operating costs in real time.
With the total environmental impact of buildings becoming as important as their efficiency, Rider Levett Bucknall assesses performance using environmental rating tools.
We have pioneered the use of Building Life Extension Studies to realise and optimise the use of buildings. This methodology has been adopted by large corporations and government bodies to ensure effective capital to recurrent accounting is adopted and also offers financial guidance in construction and extending the useful life of many buildings.
With the increasing worldwide awareness of climate change and political focus on carbon emissions, we have staff who not only have an interest in the relationship of the built environment and climate, but also are focused on the changing regulatory landscape.
With our experience in identifying and quantifying assets, we are able to objectively provide estimates of a buildings embodied energy and analyse its operational carbon emissions. Rider Levett Bucknall have staff trained in the use of recognised energy auditing applications such as ABGR.
Rider Levett Bucknall also recognise the importance of the quality and variance in data in this area and look objectively at the outputs to ensure that answers provided are not only realistic but also relevant to a client s objectives and corporate social responsibility.
For further information please contact Mark Quinn-Australia
For further information please contact Grant Ewen-New Zealand