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Spend it or Lose It – How to Make Sure You Maximise the Value of Your Capex Budget

Spring has been a long time coming this year. Now that we’re nearing the end of Q1, however, the new financial year is fast approaching, which means that capex budgets will refresh. Often the coming year’s budget is allocated based on what you’ve spent this year, so, to secure an increase, or ringfence your capex budget at the same level as the current year, it’s essential to commit any money still available in this year’s pot. But that doesn’t mean you have to spend it all at once.

At AIS Vanguard, part of the industrial services expertise we offer to customers across sectors as diverse as manufacturing, energy, petrochemicals, pharmaceuticals and defence, is our ability to help you plan phased programmes ahead of time. In this way, we can advise you on how to maximise the potential of your capex budgets to achieve your objectives over the course of the year, while enabling you to hold back a contingency for unexpected expenses.

Our heavy machinery lifting and moving services, decommissioning, installation and mechanical and electrical expertise mean that we can provide a full turn-key service for all your requirements, whatever your plans, throughout the year. That includes equipment moves for maintenance, asset realisation or asset rationalisation programmes. We can also help with machinery installation and removal projects, including logistics and CDM.

At this time of year, if there is money remaining in your capex budget it pays to think ahead about projects that could benefit your facilities or your business over the next few months, and consider what can be done or booked in now to maximise your resources and your capex budget allocation. It may be that reconfiguring your equipment, removing a redundant asset or modifying electrical and mechanical services now will help with productivity or cost-efficiency over the coming year. And, of course, as we look forward to moving out of the restrictions prompted by the pandemic, amending social distancing, team bubble and split shift strategies that had to be implemented for infection control may also involve heavy lifting and machinery moving elements.

At AIS Vanguard, our expert team of industrial services project managers are here to help you identify the practical requirements of implementing your commercial and operational plans. That includes optimising your capex budget and ensuring spend is allocated within the financial year to help you retain your capex budget for next year. It also includes phasing the activity to reduce risk and minimise downtime, while helping you maximise the value of your capex budget. If you’d like to talk to us about how we could help, get in touch with our team today.