SUBJECT
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Approve Consultant Services Authorization 2024-006-02 with Black and Veatch Corp. for the Polk County Utilities’ Vertical Asset Risk Assessment Project ($391,454 not-to-exceed, one-time expense).
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DESCRIPTION
The County continues to expand their asset management program and is desirous of categorizing vertical assets based on criticality and risk of failure. Using typical industry standards, the consultant will estimate the average life expectancy in developing related risk criteria for vertical assets. Initial likelihood of failure (LOF) and consequence of failure (COF) criteria will be used to determine the risk for each vertical asset (water production facilities, wastewater treatment facilities, lift stations, and booster stations). The related PowerBI dashboard will be further developed for the purpose of visualization and reporting of the vertical asset risk assessment results. The County has requested the Consultant provide the engineering services in support of this project.
RECOMMENDATION
Request Board approve Consultant Services Authorization 2024-006-02 with Black and Veatch Corp. for the Vertical Asset Risk Assessment Project at a cost not-to-exceed $391,454.
FISCAL IMPACT
Funding in the amount of $391,454 is available in the Utilities 5-year Renewal and Replacement Community Investment Program Budget within the Utilities Operating Fund
CONTACT INFORMATION
Charles Nichols
Asset Manager
(863) 298-4215
charlesnichols@polk-county.net <mailto:charlesnichols@polk-county.net>