When does Asset Management Payoff?

There is no doubt that Asset Management is a discipline that takes more work then "doing nothing". Many have asked "Why bother with Asset Management" and often we believers have to sing the virtues of better care for the equipment, savings in longer life, and other nebulous answers.

One committed Asset Management user, The City of Saco, Maine, has obtained a direct financial benefit. During their recent municipal bond rating evaluation, they received a AAA rating (Congrats to the Saco Team!) and have estimated the interest savings to be $1 million.

You can read more about their case study here: http://www.sacomaine.org/archives/am_casestudy.pdf

I am going to attempt to follow up on this story to get more details, since I heard about this on a conference call, and don't have the full story. The details of how they arrived at the savings, which doesn't seem to be included in the case study above, will be helpful to those of us looking to demonstrate savings from our Asset Management Program.

Look for more to follow!