This article was produced by Arcadis, a member of IPFA.
Fail to plan, plan to fail – Our five-year, five-point plan to set you up for success.
Imagine that it is one month before a hand-back deal reaches financial close. Perhaps the asset registers are still incomplete, or there are outstanding issues in relation to how the FM services are going to be delivered. Worse still, there could be a backlog of unfunded critical lifecycle or maintenance work.
The hand-back will complete and you and your team will be left to pick up the pieces. If there’s a problem with the data or the assets, you will have to live with it, which is why you need to plan and act decisively to get the right outcomes. Nigel Herbert, Partner at Arcadis explains what you can do to prepare early, as much as seven years prior to the date of hand-back.