Capital Asset Replacement Plan (CARP)
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Sciencefield Services
BC Capital Asset Replacement Planning for Long-Term Property Stewardship
Sciencefield provides professional Capital Asset Replacement Plans (CARPs) in Victoria, BC, supporting property and building owners across Vancouver Island, the Gulf Islands, and the Lower Mainland. CARPs are designed to support long-term planning for building systems and interfacing infrastructure.
A Capital Asset Replacement Plan is a forward-looking planning tool. It helps owners understand anticipated renewal and replacement needs, supporting informed decisions related to maintenance strategies, capital funding, and risk management over the long term.
Intended Use and Ownership Profiles
Capital Asset Replacement Planning for Property and Portfolio Owners in Victoria, across Vancouver Island and the lower Mainland
This service is intended for building and property owners who want a clearer understanding of future renewal and replacement requirements for their assets. CARPs are particularly valuable for owners responsible for long-term stewardship of buildings, infrastructure, and shared systems, including those managing complex or multi-building properties.
Sciencefield prepares CARPs for a range of property types, tailoring each plan to the specific asset mix, construction characteristics, and planning horizon of the property. The goal is to provide meaningful insight that supports practical, long-term decision-making rather than overly detailed or speculative forecasting.
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Purpose of a Capital Asset Replacement Plan
A Capital Asset Replacement Plan (CARP) is a long-term capital planning tool that helps building and property owners anticipate renewal and replacement needs over time. It provides a structured way to think ahead about major building systems and interfacing infrastructure, so capital decisions can be made proactively rather than reactively.
A CARP supports informed decision-making by identifying upcoming capital events, clarifying likely timing, and helping owners prioritize projects. It is especially useful where assets have different service lives and where sequencing work can reduce risk, disruption, and overall cost.
Rather than providing design-level solutions, a CARP establishes a practical planning baseline. It helps owners understand what is likely coming, where uncertainty exists, and when further assessment may be warranted to confirm scope, condition, or risk.
Capital Asset Replacement Plans focus on long-term renewal and replacement needs for major building systems and associated infrastructure. They are based on observable conditions, typical service lives, and available documentation, with assumptions clearly documented where information is limited.
How Sciencefield Prepares Capital Asset Replacement Plans
Sciencefield prepares CARPs under the guidance of a professional engineer, combining documentation review, on-site observations, and practical judgment informed by experience with similar properties. The goal is to provide a clear, defensible plan that supports long-term capital planning and helps owners identify where additional investigation may be beneficial.
Sciencefield’s approach includes:
Reviewing available documentation such as drawings, maintenance records, and prior reports.
Using professional judgment and experience with similar properties to identify potential renewal needs and areas requiring further assessment.
Conducting a site walkthrough to observe building systems and infrastructure.
Understanding Risk and Planning Ahead
A key outcome of a Capital Asset Replacement Plan is long-term capital clarity. CARPs establish an organized view of anticipated renewal and replacement obligations across building systems and infrastructure. By understanding how these needs unfold over time, owners can plan funding strategies, coordinate major projects, and align capital decisions with ownership objectives. Sciencefield’s CARPs support structured capital planning by presenting future needs within a clear, defensible long-term framework.
EVERYTHING YOU NEED TO KNOW
Common Questions About Property Capital Asset Replacement Plan (CARP)
Take a Long-Term View of Your Assets
Long-term ownership requires visibility beyond individual projects. Sciencefield’s Capital Asset Replacement Plans help owners understand how renewal obligations may accumulate over time and how capital decisions interact across systems and infrastructure.
Plan Ahead with a Capital Asset Replacement Plan by Sciencefield.