Capital works are defined as building and engineering works that create an asset, as well as constructing or installing facilities and fixtures associated with, and forming an integral part of those works. This definition focuses on capital projects where construction activity is required in order to create an asset. Capital works projects would typically include constructing either buildings, roads and bridges, structures or mechanical installations, upgrading or extending existing buildings, and major road works that upgrade existing roads.
Capital expenditure is undertaken to;
Renew or replace - existing asset or a component of an asset that has reached the end of its useful life. With the exception of land, assets have limited useful lives and decline in value due to wear & tear. Eg Reseal an existing sealed road, replace a roof on a building such as a public hall.
New - to construct an asset that did not previously exist.
Growth or enhancement - to increase the capacity of existing assets beyond their original design capacity or service potential. Eg widen a bridge, extend a building.
Disposal or demolish - to remove an asset from service that is no longer required.
Council has an adopted Delivery Program and Operational Plan which is part of the Community Strategic Plan. Capital Works are in Part D of the Operational Plan Capital Works Program.
Council has Asset Management Plans for different asset types and classes. These plans also have Capital Works Strategies and seek to identify future demands and enhancements.
Capital Works Strategies