Asset Management

Asset Management

Asset Management

We can help manage, maintain, sell, purchase, and properly price your assets. An asset management plan can be put in place early in the process. This will help avoid complications and ensure everything goes smoothly.

Looking to merge with or acquire another company? We can help determine your current assets and catalog and create an inventory list or database. We can also help determine if your assets comply with laws and regulations, and determine pricing when you’re preparing to sell. Liquidation, decommission and salvaging of assets is also well within our capability set. We can even create a study to help analyze and evaluate which assets would be good to acquire.

Asset Inventory, Evaluation, and Verification

Acquisition of assets brings new data to your company. We can help organize the new data so they can be of value as quickly as possible. To identify and properly assess the value of your assets, we provide existing document review and asset cataloging, field review verification and data/nameplate collection, maintenance record evaluation and collection, and data management and photo cataloging.

Analysis and Planning

We can help maximize the value of your assets and determining the best next step. We do this by providing capital project development and maintenance management, financial analysis and life-cycle cost analysis, decision economics and analysis, replacement cost, asset sale analysis, and budget development and analysis.

Operations and Maintenance

To keep numerous assets performing at their best, we help business owners by providing record maintenance, equipment/asset preventative maintenance, periodic inspection and observation, and equipment operation, condition, and repair status.

This service was applied to the following solution(s):

Central Power Plant Life Safety Study

Commonwealth was responsible for comprehensive field observations, analysis and report to establish options for plant upgrades for entire plant fire protection, suppression, life safety, egress, and hazardous material storage. Study…

Smart Grid Initiative Project

Commonwealth was selected to plan and manage engineering, procurement, and construction services for 128 Smart Grid substation projects over a 3-year period. Serving as MEAG Power's project manager, our responsibilities…

Convert Aperture Card Images to Electronic Files

ITC-Midwest acquired Alliant Energy's Interstate Power and Light Company (IPL) high-voltage electric power lines and substations (34.5 kV and above) in Iowa, Minnesota, and Illinois. With that acquisition came over…

We are committed, both as a firm, and as individuals to influencing and shaping the secure energy future.

Gary Bernstein, P.E.
Vice President & Chief Marketing Officer

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Markets

We have earned a reputation for excellence in a number of specific industries. read more

Engineering & Design

Commonwealth professionals can engineer and design a new plant, facility, building, and power system for you. read more

Planning & Studies

Commonwealth experts can help you have an optimal plan for future energy sources and actions to take to keep your energy sources updated. read more