General Information

Field

Description

Identity Fields

 

Business ID

For example ‘RL 4748PA’. This field is for recording a user definable, unique asset ID other than that provided by Conquest.

Class or Ownership

This field is a list that can be configured in the Code Editor. It is used to show the ownership status of the asset.

Barcode

If an Asset has a barcode it can be entered here.

Map Status

This field indicates whether an Asset has been mapped or not.

Asset Life Details

 

Date Created

This date can be manually entered or gets its value from the completion date of a Purchase or New Works Action processed on the Proposed Asset.  This is the date that the Asset was constructed. This date can be marked actual or estimated. As many Assets will be quite old and accurate construction records may not exist, an estimated date can be entered. This date is the Asset Life start date and is used in Asset Valuations, particularly the Batch Valuation by Age process. See the Batch Valuation section for more details on the Batch Valuation by age process.

Date Acquired

If an asset has been acquired rather than constructed, the acquisition date can be recorded here. Valuations still use the Date Created to determine Asset Life.

Age

Calculated by the difference between the date created and today.

Standard Life

This is the standard expected life for this Asset as defined by its Asset Type.

Expiry

This date is the expected end of life date for this Asset.  This is automatically calculated the first time an asset’s date created and standard life is specified. Thereafter it can be changed manually in the Valuation section of this form or calculated by the Expiry Date Calculator.

Expected Life

This is calculated by the difference between the date created and the expiry date.

Remaining Life

This is calculated by the difference between the expiry date and today.

Warranty Details

 

Warrantor

The name of the organisation providing a Warranty on the Asset.

Warranty Expiry

The date that the Asset Warranty expires. If an Action is created on the Asset, while still under warranty, a warning message will be displayed.