South East Water is the first water supply company in England to have achieved external certification for asset management in accordance with the British Standards Institute, Publicly Available Specification 55 (BSI PAS 55-1:2008). Commonly referred to as PAS 55, the specification is produced by the Institute of Asset Management (IAM) and recognised as a benchmark for how physical assets and infrastructure are best managed.
With PAS 55 certification, water companies can demonstrate to customers, regulators and other stakeholders that they have effective asset management policies functioning throughout the business. That’s why Black & Veatch was chosen to help South East Water set up an asset management system and attain the certification. As an IAM-endorsed assessor for PAS 55, Black & Veatch is engaged in helping South East Water retain its external certification to the specification and further enhance its asset management performance.
Asset Management Strategy
Black & Veatch listened to South East Water’s requirements, suggested alternative solutions to areas in need of further development, challenged evidence where necessary and provided industry insight where appropriate.
Successfully achieving PAS 55 certification for South East Water required the Black & Veatch team to help develop an asset management strategy to support the objectives of South East Water’s 25-year Strategic Direction Statement.
“A key stage in developing an asset management system was application of the IAM PAS 55 Assessment Methodology, known as the PAM Tool. That tool, along with Black & Veatch’s knowledge and expertise, has provided us with the mechanism to benchmark where we are as an organisation in terms of our asset management capability. Black & Veatch is an extremely professional organization. They are industry leaders in the areas important to us."
David Bradley, Asset Information Manager, South East Water