Asset Verification Audits

ASSET VERIFICATION
AUDITS & SOFTWARE

✓ Understand the condition, functionality and compliance status of your systems and equipment with Bureau Veritas’ bespoke Asset Verification Audits.

✓ Our independent audits provide actionable insights, enabling you to optimise performance, improve sustainability and maintain regulatory compliance across all your physical assets.

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Your personal data is collected by Bureau Veritas UK, having its registered office at Suite 206, Fort Dunlop, Fort Parkway, Birmingham B24 9FD, and is subject to computer processing in order to respond to questions from the media about the Group or its subsidiaries on the basis of your consent, and to respond to customer complaints, on the basis of the service contract that you have entered into with a subsidiary of Bureau Veritas.

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WHAT IS ASSET VERIFICATION?

Asset verification is the process of confirming the existence, condition and accuracy of records for physical and intangible assets. It ensures that your asset register is correct, equipment is safe and functional, and all assets meet compliance and performance standards. This process is essential for:

  • Facilities management
  • Regulatory compliance
  • Budget planning and lifecycle management
  • Optimising maintenance strategies
  • Reducing the risk of fraud or mismanagement

An asset register is a comprehensive list of a company’s physical assets, including their location, value and operational status. Regular verification ensures this information stays accurate and up to date.

TAILORED ASSET VERIFICATION AUDITS - DESIGNED AROUND YOUR NEEDS

Our Asset Verification Audits are customised to your organisation, ensuring every recommendation aligns with your unique operational priorities and compliance requirements. Using the SFG20 standard as a framework, our process delivers clear, reliable data for informed decision-making.

Advanced Drone & 3D Modelling for Asset Verification

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Mark Radford
Mark
Radford

Head of B&I Commercial

Bureau Veritas

Our Asset Verification Audits are a game-changer for facilities managers and site operators. They give clients an unparalleled understanding of their assets' condition and performance, allowing them to make informed decisions to optimise efficiency, enhance sustainability and ensure full compliance across site operations.

OUR SERVICES:

  • ASSET VERIFICATION AUDITS

    ASSET VERIFICATION AUDITS

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    ASSET VERIFICATION AUDITS

    Asset Verification Audits assess the condition, functionality, and compliance of a company's assets. They create a digital asset register with details like photos, location, serial numbers, and service records. Organised into hierarchies, this data helps maintain asset registers, plan maintenance, and optimise investments. Using mobile technology, these audits enhance asset integrity, safety, and efficiency across multiple sites.

  • INDEPENDENT VALIDATION

    INDEPENDENT VALIDATION

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    INDEPENDENT VALIDATION

    Independent Validation objectively assesses a company's assets, infrastructure, and operations. Through reviews and testing, it ensures systems function properly and meet standards. This process identifies risks and areas for improvement, enabling informed decisions on maintenance or upgrades. Third-party validation enhances safety, reliability, and performance, protecting investments and operations.

  • MAINTENANCE AUDITS

    MAINTENANCE AUDITS

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    MAINTENANCE AUDITS

    Maintenance Audits evaluate a company's maintenance practices, equipment condition, and compliance with standards. They identify areas for improvement to enhance reliability, efficiency, and safety. Regular audits help optimise maintenance programs, reduce downtime, and extend asset lifespan, supporting better decision-making in maintenance and asset management.

  • LIFECYCLE REPLACEMENT

    LIFECYCLE REPLACEMENT

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    LIFECYCLE REPLACEMENT

    Lifecycle Replacement is a strategic approach to replacing critical assets by monitoring their condition, performance, and lifespan. Proactive planning helps prevent failures, reduce disruptions, and optimise costs. Factors like maintenance history, technology, and business needs determine the best replacement timing, ensuring reliability and efficiency.

  • MAINTENANCE PROCUREMENT

    MAINTENANCE PROCUREMENT

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    MAINTENANCE PROCUREMENT

    Maintenance Procurement involves sourcing and managing services, equipment, and supplies to support asset management. It includes evaluating providers, negotiating contracts, and implementing cost-effective procurement policies. A structured approach improves service levels, controls costs, and optimises asset lifecycles, ensuring operational continuity.

  • CONDITION SURVEYS

    CONDITION SURVEYS

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    CONDITION SURVEYS

    Condition Surveys assess the state and performance of a company's assets, infrastructure, and facilities. This independent evaluation identifies defects, deterioration, and maintenance needs, ensuring compliance with industry standards. Detailed reports with photographic evidence support informed asset management, helping companies optimise maintenance, extend asset lifespan, and enhance operational safety.

Our expert team will guide you through the entire audit process, ensuring you have the information and support you need.
As a global leader in testing, inspection, and certification, Bureau Veritas has the expertise and resources to help you manage your assets effectively.

WHY CHOOSE BUREAU VERITAS?

For almost 200 years, Bureau Veritas has been a trusted partner in verifying the integrity and performance of critical assets across industries. We have evolved to become a global leader in testing, inspection, and certification services - always at the forefront of emerging technologies and market needs. 

Today, our asset verification expertise spans a wide range of modern-day assets, but we continue to provide the unbiased data and insights that allow our clients to make informed decisions, optimise efficiency, and ensure full compliance.

Whether you need to verify the condition of aging equipment, assess the energy efficiency of your building systems, or develop a comprehensive decarbonisation strategy, you can count on Bureau Veritas to deliver the solutions that drive sustainable, long-term value. Our legacy of trust is your assurance of quality.

  • Unique industry expertise, enabling audits across all sectors and building types
  • Collaborative partnerships with facilities management providers for seamless audits
  • Nationwide coverage, enabling audits across your entire portfolio of properties
  • Experienced auditors with comprehensive knowledge of relevant regulations and standards
  • Supported by Bureau Veritas central planning team
  • Global leader in testing, inspection and certification services

INTRODUCING ASSETCALC - ADVANCED ASSET MANAGEMENT SOFTWARE

AssetCalc is our purpose-built software tool for managing, tracking, and calculating the value of assets. It captures detailed data across every applicable asset, including:

  • Descriptive data (asset name, type, serial numbers)
  • Location history
  • Usage and performance records
  • Maintenance schedules and warranties
  • Financial data, including depreciation and residual value

Using advanced analytics and modelling, AssetCalc provides clear insights into non-compliances, areas for improvement and replacement strategies. It integrates seamlessly with ERP and accounting systems, making it a powerful tool for asset performance tracking and financial reporting.
 

KEY BENEFITS OF ASSET VERIFICATION:

GAIN COMPREHENSIVE INSIGHT

  • Gain a comprehensive evaluation of your critical building assets, delivering in-depth insights into their current status to enhance decision-making and maintain budget certainty across your organisation.

OPTIMISE MAINTENANCE PROGRAMMES

  • By identifying areas for improvement, you can create a customised maintenance strategy that optimises the performance and longevity of your assets, keeping assets in operation for longer.

ENSURE COMPLIANCE

  • Our audits provide verification that your building systems and equipment comply with all applicable regulations or highlight gaps for action. This mitigates the risk of non-compliance issues, ensuring you can maintain a safe, sustainable and legally-compliant facility.

ENHANCE YOUR SUSTAINABILITY STRATEGY

  • Using advanced analytics and modelling, we can pinpoint areas where you can enhance the sustainability of your building operations. This includes upgrading outdated equipment and implementing energy-saving measures to help reduce your carbon footprint and operating costs.

MAKE INFORMED DECISIONS

  • The comprehensive insights and recommendations provided by the audit will equip you with the information needed to make well-informed decisions on maintenance, improvement and potential replacement of your buildings’ assets.

INTEGRATE WITH FINANCIAL SYSTEMS

  • Our reporting tools integrate with your ERP systems or accounting software for seamless tracking of fixed and intangible assets, including depreciation and amortisation features.

FAQs:

  • DOES THE AUDIT ENSURE COMPLIANCE WITH THE SFG20 STANDARD?

    Yes, the audit is aligned with the SFG20 standard, which is the industry-recognised guide for planned maintenance of building services.

    Our Asset Verification Audits provide a comprehensive evaluation of the physical condition, functionality, and compliance status of systems and equipment within your facility.

  • DOES THE AUDIT PROCESS INVOLVE A ONE-SIZE-FITS-ALL APPROACH?

    No, the audit is designed to be customised to the unique requirements and priorities of each organisation and property.

    This can include mechanical, electrical, plumbing and fire protection systems, as well as equipment, machinery, IT systems, green spaces and landscaping, building fabric and more. We have the expertise to support a wide range of properties including all types of non-domestic buildings and multi-occupancy residential buildings.

    As experts in safety and compliance, we combine our in-house technical and engineering expertise across a range of service offerings to deliver comprehensive audits of your systems and equipment.

  • IS THE AUDIT SERVICE EXCLUSIVELY FOR FACILITIES MANAGERS?

    No, the service is relevant for a wide range of professionals involved in the management of buildings and facilities, including building owners, property developers and asset managers. 

    Maintaining the integrity, safety and efficiency of a facility’s critical assets is a complex challenge, faced by a wide range of professionals, from facilities managers and building owners to property developers and asset managers.

    It is important to keep track of the condition, maintenance requirements and regulatory compliance of every component. This helps to optimise your maintenance programmes, maintain compliance and deliver on your sustainability goals, as well as making important decisions on lifecycle and replacement strategies. However, it can be a time-consuming and daunting task. 

    That's where Bureau Veritas Asset Verification Audits can help.

  • DOES THE AUDIT ONLY FOCUS ON THE PHYSICAL CONDITION OF ASSETS?

    No, the audit also evaluates the functionality and compliance status of a building’s systems and equipment.

    Our Asset Verification Audits provide a comprehensive evaluation of the physical condition, functionality, and compliance status of systems and equipment within your facility.

  • WHAT TYPE OF ASSET DATA IS CAPTURED?

    • Descriptive data, including asset name, type, model and serial numbers
    • Location data, including current and historical location of the asset
    • Operational data, including usage hours, performance and down time records
    • Maintenance data, including maintenance history, warranties and schedules
    • Financial data, including purchase price, depreciation and residual value
    • And more

A COMPREHENSIVE ASSET VERIFICATION AUDIT PREPARES YOU FOR A VARIETY OF OUR ADDITIONAL SERVICE OFFERINGS: