Black & Veatch Becomes IAM Endorsed Assessor for PAS 55

Whether it is pipes, reservoirs or treatment works, well-managed assets are central to the environmental performance and standard of supply that water companies deliver for their customers. As a new Endorsed Assessor for the Institute of Asset Management’s (IAM) specification for asset management, Black & Veatch is better placed to support water companies seeking to optimize the performance of those assets, the company said.

The British Standards Institute’s Publicly Available Specification 55, commonly referred to as PAS 55, has been produced by the IAM with the aim of creating a recognized benchmark for best practice in physical asset and infrastructure management. As one of the first IAM Endorsed Assessors for PAS 55, Black & Veatch is able to support clients who are seeking to enhance the management of their asset base by undertaking gap analysis of existing asset management practices.

With PAS 55 certification, water companies can demonstrate to customers, regulators and other stakeholders that they have effective asset management policies functioning throughout the business. Following a rigorous gap analysis, Black & Veatch can assist clients who are seeking such certification by helping develop strategies to bring their approach to asset management into line with the specification.

Becoming a PAS 55 Endorsed Assessor signals an extension of the asset management best practice support Black & Veatch can offer.

Source: Black & Veatch