Capital assets planning program

This will serve as the basis of your plan. In the inventory, include:. Remember: your asset management plan is only as accurate as your life-cycle costs. Use levels of service to outline the overall quality, capacity, function and safety of the different services your assets provide.

The requirements of maintaining that service will dictate the operating, maintenance and renewal activities that need to occur moving forward. To access levels of service, think about:. Are you managing your assets in a proactive or reactive manner? In most cases, proactive management is more cost-effective in the long-run than reactive management. For example, if you wait until there is a bad pothole on one of your streets before performing road maintenance, you can end up spending more money than if you proactively conduct road maintenance over time.

Your asset management should naturally translate into long-term financial planning. A long-term financial plan will help you determine which of your objectives are feasible, which are important and which can maintain your priority assets over the long term. We use cookies to ensure you get the best experience. For additional information, visit www. Sign up for home delivery of Long Island Press here.

Sign up for discounts by becoming a Long Island Press community partner here. LI Press. Getty Images. This is not how it was supposed to be. Estate Tax Planning: Gifting to Heirs. Latest Featured News. Timothy Bolger - January 14, Have a sales rep contact me Have customer support contact me. ISO ClaimSearch. Capital Assets Program. Overview ISO's Capital Assets Program is an output policy that helps you provide superior coverage and flexible pricing for medium-sized to large manufacturing, industrial, habitational, commercial, retail, wholesale, service, contractors, and institutional risks.

Here's what you get We've designed the program—which includes policy forms, endorsements, rules, and loss costs—to meet the requirements of today's customer. Available coverages Our program provides blanket replacement-cost coverage, without a coinsurance provision, for buildings and business personal property.