Tip: Capital Planning is an
add-on application for TheWorxHub. Capital Planning must be active
to make use of Batch Assessments. Contact our Customer Success Team
at 1-877-363-9679 to inquire about Capital Planning if your
community currently does not have it active.
Capital planning gives you a simple way to forecast asset
replacement costs and to ensure you have enough money in reserve to
meet your replacement requirements.
It's very common that similar or identical assets purchased at
the same time can be expected to have a similar lifespan. Buying
these types of assets is common when building or renovating a new
building or neighborhood. Part of the capital planning process is
to periodically assess the age and condition of assets and estimate
how much longer they will last.
Batch assessments allows you to apply an identical assessment to
many assets at once, thus updating your replacement schedule with
To apply a batch assessment follow these steps:
- Click the Actions Tab
- Click the Batch Assessment sub-tab
- Select Assets (use search to filter assets)
- Enter Assessment Details
- Date - The date of the
- Assessed By - The employee
who completed the assessment.
- Reason - A picklist item
that gives a reason why this assessment was completed.
- Replace Cost - The cost to
replace the asset on the assessment date.
- Remaining Life - The
number of years left the asset will be in service from the
Print this page