Depending on the size of your organization, you’ll invest millions of dollars—even hundreds of millions of dollars—to manage the infrastructure and assets that your residents and customers rely on every day. Making strategic decisions about the assets you manage—transportation, water, wastewater, electricity—is big business and can often be difficult to get objective advice on. That’s where Raftelis focuses. As a firm that supports local governments and utilities in how they finance their assets, we can take the assessed condition and performance of your core assets and help you make sound decisions around their future repair and replacement.
Our asset management and financial experts identify all revenues and costs associated with capital assets and integrate your financial, technical, and budgetary planning. This results in cost-effective decisions that help manage assets to be sustainable, minimizing their total lifecycle costs.
ERM helps local government and utility leaders address specific risks by assessing and mitigating what is within the organization’s control and managing the risks that are not. Understanding what you can really affect as a utility manager or department director is akin to identifying your true reach.
Water for People partners with local governments, businesses, and individuals in the developing world to provide support for clean water and sanitation systems, and to ensure they have the resources they need to maintain those systems now and in the future. Working with Raftelis and incorporating advanced asset management and financial planning techniques from the developed world, models were improved to consider both the age and condition of assets to estimate future replacement dates.
In response, the Department of Water and Power hired Raftelis to perform a comprehensive audit of the services and the value customers receive, following processes compatible with a Municipal Services Review.
