Asset retirement involves a planned approach to the disposal of a current asset at the end of its lifecycle, and implementation of a new asset or service.
An asset is retired when it comes to the end of its lifecycle, which is normally deemed by the cost of repairs or reparability of the asset or if it becomes obsolete (due to a new, more efficient model).
Asset retirement should be planned for well in advance, at the very least during the maintenance phase to ensure.
When assets are managed to ensure continuity of service any impact to production and cost is minimised. To assist our clients in this process, Berg provides strip and assessment reports during the execution of current asset maintenance contracts to allow for retirement of equipment based on maintenance costs.
Berg have experience salvaging re-useable components of assets as well as scrapping unserviceable equipment appropriately to ensure our clients receive the maximum value out of their assets, even after they have been retired.
Because asset disposal requires significant planning, especially to ensure there are no environmental implications, and there are a number of potential outcomes for an asset when it is retired, we offer the following services to ensure our clients have gotten the maximum value out of our their assets and the retirement process is as seamless as possible:
- Asset management and planning
- Performance reporting
- Lifecycle management
- Asset maintenance
- Asset decommissioning and disposal
- Asset sales
- Service continuity planning