Asset Management and Tangible Capital Asset Software

The Vendor is required to provide asset management and tangible capital asset software for include:
- Functional requirements
1. AM planning
• Build in growth and demand forecasting
• Asset management maturity assessment framework
• Asset management strategy development and tracking
• Climate change adaptation and mitigation planning
• Current and desired levels of service documentation
• Financial strategy and long-term funding plan
• Lifecycle management strategies by core asset category
• State of the infrastructure (SOTI) dashboard displays and reporting
2. Amortization
• Override useful life at individual asset level
• Amortization calculation for componentized assets
• Forecasting for future fiscal years
• Half-year rule application for amortization calculations
• Asset component and sub-component tracking with parent-child relationships
• Asset ownership, custodianship, and departmental responsibility
• Comprehensive asset registry with unique identifiers and hierarchical structure
• Expected useful life and design life tracking
• Installation date, in-service date, and commissioning information
• Municipal address and location description
3. Asset master data
• Asset hierarchy and grouping by category, class, and sub-class, as well as department and cost centres.
• Asset reclassification capability while preserving transaction history
• Componentization - track major asset components with separate amortization schedules
• Multiple reporting hierarchies (financial, functional, geographic)
• Support for unlimited user-defined fields for asset attributes
4. Capital planning
• Run various scenarios based on budget and other parameters
• Asset backlog calculation and reporting
• Asset renewal waves and replacement clustering analysis
• Capital replacement forecasting based on age, condition, and risk
• Multi-scenario modeling (what-if analysis for different funding levels)
• Optimization algorithms to maximize benefit within budget constraints
• Rehabilitation and renewal forecasting.