Accelerate depreciation • Increase cash flow • Reduce taxes
One of the biggest challenges facing healthcare construction project owners is the ability to segregate construction costs in order to maximize asset depreciation. The difficulty arises because a general contractor’s schedule of values (billing) is structured using standard construction industry codes and descriptions that are based on work results, products and activities, which may or may not map (translate) easily to healthcare asset descriptions. As a result, your organization’s asset accountants are often tasked with “interpreting” the general contractor’s billing, which in turn leads to guesswork, frustration, and the expense of outside auditors or specialists to help sort through the information. Does this sound familiar?
AHA!map™ is a valuable cross-reference tool that interfaces common healthcare asset descriptions with either Pre-2004 standard construction codes and descriptions or Construction Specifications Institute’s (CSI) MasterFormat® 2004 standard construction codes and descriptions as defined in your project’s final specifications book. Now your in-house project team can create a schedule of values that is specific to individual capital projects, including asset description detail, while conforming to the billing format common to the construction industry. And asset accountants can use the handy look-up feature to help identify ambiguous construction work result descriptions from contractor billings.
AHA!map™ was developed by Bridgefield Consultants, whose primary mission is to support the owners of capital construction projects. By providing our clients with services and tools to assist with the effective management of internal processes used for capital projects, your in-house staff will become empowered with the knowledge and understanding to implement exceptional stewardship practices.
Subscribe now for online access and enjoy the time and cost-saving benefits of AHA!map™. Tiered pricing is available to meet your organization’s needs. The Bridgefield team also offers complete set-up services for organizations involved in very large capital projects. Please email for more information: purchase@ahamap.com
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