📋 Tender Overview
Description: The Asset Management Plan for this Precinct will identify a number of infrastructure asset components that will reach the end of their life cycle each year. This is an ongoing annual budget which will vary each year depending on asset life cycle works to be undertaken. The aquatic centre opened in December 2021. Following a Defects Liability Period, the renewal budget is small but will need to increase over time to align with size of aquatic centre and account for the ageing of assets requiring renewal intervention. For the first two years of operation, this aquatic centre will require new asset funds in order to meet the demands of and stabilise the business model, hence a lower amount of renewals is only required over this period.
