Independent reviews of asset management capability

All Tertiary Education Institutions (TEIs) are expected to obtain an independent assessment of their Capital Asset Management (CAM) systems and processes on a periodic basis (or as otherwise agreed between the Tertiary Education Commission and individual TEIs).

The next round of independent reviews are due in 2015.

Each TEI must send the results of its independent review (including an improvement plan and a completed Capital Asset Management Maturity Tool) to by 31 May 2015 (or later by agreement between the TEI and TEC).

Assessment May 2014 May 2015 May
Annual Capital Asset Management Self-Assessment Tick Tick
Independent Review of Asset Management
Systems & Processes – Universities,  ITPs
and Wānanga

Independent reviews of asset management

In association with asset management specialists, we have developed the Guidelines for the Review of Capital Asset Management Systems & Processes (PDF, 68 Kb) to help both TEIs and asset management reviewers during the initial planning stages of an external review. The guidelines outline good practice for reviewing and what outputs a TEI can expect as a result.

TEIs and their chosen reviewers are free to choose their own approach if this is more appropriate provided:

  • the reviewer and TEI agree on and produce a copy of the CAM self-assessment tool which includes comments and scores from the reviewer and
  • the reviewer provides the TEI with an improvement plan which outlines the results of the review and initiatives the institutions could undertake ranked in terms of priority towards achieving better overall value for money.

Independent reviewers

Reviews must be carried out by one of the short-listed reviewers listed in the table below.

Reviewer Contact person Phone Reviewer summary
AECOM NZ Ltd Ian Martin 04 382 2990 AECOM is recognised as an international leader in infrastructure business consulting through the development of national guidelines, including the NAMS International Infrastructure Management Manual, the provision of AM support for more than 50 local authorities and the benchmarking of AM practices of over 30 organisations across New Zealand and Australia.
Aurecon New Zealand Ltd Darryl Hubbard

07 577 5950
0274 302 014

Aurecon is a multi-disciplinary team with over 6000 staff in New Zealand, Australia, Asia, Africa and the Pacific. Our focus is on how assets contribute to broader corporate and business objectives. We have led some of the largest Better Business Cases in New Zealand and advised on the first PPP.
Deloitte Graham Naylor 07 838 4812
021 985 216

The Deloitte team led by Graham Naylor and Brett Chambers partnering with Gordon Hassett of Klu’Dup offer vast experience within the tertiary education and public sector.

Our experience in providing independent asset management reviews and strategic asset planning coupled with our sector understanding will give you confidence in meeting your CAM requirements.

Thomas Ford 07 834 7845
021 0229 3949
Brett Chambers 03 363 3810
021 318 803
Dever-Tod Advisory Services Limited Kathy Dever-Tod 06 354 9021

Kathy is the former CEO of the NAMS Group and was involved in the development of the NAMS manuals. She also assisted Treasury with the CAM framework.

Her expertise includes peer reviews, mentoring and industry training.  Kathy is an experienced property asset management practitioner. Current clients include NZ education providers.

GHD Ltd Sarah Irwin

09 370 8160
027 490 4023

GHD offers the largest strategic asset and facilities management group in New Zealand across property and infrastructure assets. We have 20 staff in the Infrastructure Strategy Group, with a wealth of asset management experience. GHD developed the assessment methodology for the review of fifteen central government agencies, which is now being used for this TEC review.
MWH New Zealand Ltd Andrew Maughan 03 345 7704 MWH is a leading global provider of Asset Management consulting and services, with 650 NZ staff operating from 16 offices nationwide.  We are leaders in Asset Management development and innovation both here and internationally, being accredited (IAM) PAS55 assessors, an active NAMS partner, and co-authors of the 2012 IIMM update.
Opus International Consultants Limited Richard Taylor

09 355 9513

027 471 1578

Opus specialises in asset management services to the tertiary education sector including CAM plan development; maturity matrix reviews; valuation services; functionality, condition and maintenance planning; and procurement services.  As MoE Preferred Suppliers, TEFMA Business Partner and NAMS Partner Opus brings national and international best practice to meet your full requirements.
PricewaterhouseCoopers NZ Murray Coppersmith 04 462 7450
027 454 9461

PwC provides an extensive range of services to the tertiary education sector, including internal audit, assurance, tax and advisory services.

Over the course of any year we have between 15 and 20 full time equivalent people working in this area across a range of organisations, including the Ministry, TEC, Universities, ITPs and Wananga. We have a combination of people with extensive technical and practical experience who understand the sector and its challenges.

SPM Assets New Zealand Limited David Long 09 921 4077 SPM delivers CAM solutions through technical guidance and specialist software.  Established in 2001 it has been closely involved in the evolution and development of CAM in New Zealand, Australia and South Africa. SPM has developed CAM specific solutions for TEC, universities, ITPs, DHBs, schools, and housing providers.

Frequently asked questions

Why is the Government interested in the asset management of TEIs?

The tertiary education sector collectively manages around $7 billion of land and buildings, which makes it the fourth largest social asset portfolio across the 15 most capital intensive government agencies. The Government has an interest in the effective management of these assets due to their value and the importance of their contribution to the social, cultural and economic wellbeing of New Zealand.

Why does the Government require independent reviews?

Cabinet expects The Treasury to periodically commission independent assessments of each capital-intensive agency’s asset management practices (this includes TEIs).  The Tertiary Education Commission has obtained agreement from The Treasury that the tertiary sector is able to determine the nature of these independent assessments.

We are committed to working constructively with TEIs to maintain a high degree of independence and autonomy in this area relative to other capital-intensive agencies. and sectors where independent reviews are initiated by monitoring agencies.

Which reviewer does the TEC recommend TEIs use?

We are confident each of the reviewers listed above is capable of undertaking independent reviews. This short-list was developed on the basis of a detailed exercise to gather information on each reviewer’s knowledge, experience and capability to undertake reviews in the tertiary education sector.

How much will an external review cost?

The cost of a review will vary from reviewer to reviewer. We recommend TEIs seek several quotes/proposals from reviewers to compare prices and the level of service being offered. We hope TEIs will work with their chosen reviewers to broaden and/or focus their independent reviews.

I am an external reviewer not listed above. How do I make it onto the list?

From time to time we will consider adding or removing reviewers from the short-list. This decision will depend on number of factors including the performance of existing short-listed reviewers, the number of reviews being undertaken by each reviewer and recommendations and requests from TEIs.

A reviewer wishing to be added to the short-list should write to us, outlining the reasons why it believes it should be added. This must include detailed information on the demonstrated capability of that reviewer. Reviewers are also expected to attach one or more letters of endorsement from TEIs stating they wish to use that reviewer to carry out further work in their TEIs.

  • Last changed: 22 July 2015
  • Last verified: 22 July 2015