Targeted Review of Asset Health and Resilience in the Water Industry

Objectives The targeted review of Water Company asset health and resilience will- Provide a comprehensive assessment of asset health reporting which will include the identification of outliers. Enable Ofwat to assess whether companies are taking full ownership of, and responsibility for, asset health. Evaluate the relative balance of performance and condition monitoring/assessment within the context of new technology Evaluate the assurance which companies receive for new assets 2 Scope The scope of this work includes assessing company's evaluation, management and interventions with regards asset health. Any recommendations for alternative approaches for PR19 should be within the context of the overall framework of a total expenditure approach to cost assessment and the outcomes framework. Recommendations should aim to enhance customer legitimacy, enable cost effective/timely investment and provide assurance for resilience. 3 Key Tasks In order to meet the business objectives, the project will involve the Contractor performing the following tasks- Attending and leading meetings with all water companies (WASC's/WOC's) at their premises, however we would consider conducting some of the meetings via teleconference. A member of the Ofwat team will aim to support at these meetings. Discussions and short debrief with the Ofwat team following each company meeting. Input into pre-meeting briefing/information pack for companies as necessary. This may include collecting information from companies before the meeting, too. Regular weekly discussions with the Ofwat team regarding the project, next steps and highlighting any areas of concern. A weekly email to the project manager concerning budget spent, remaining and forecast expenditure for the remainder of the contract. Review of available technology and approaches for performance and condition monitoring.