What Is Asset Recovery?
Asset recovery is the process of salvaging or recovering valuable materials or equipment as a part of the building demolition process. Our asset recovery can help you identify and recover any items that can be reused, resold, or recycled, rather than simply demolishing everything and sending it to a landfill.
Every building has its own unique set of valuable resources. For example, copper or steel may be recovered from electrical or mechanical systems, while architectural elements, like doors, windows, or fixtures, can be salvaged for reuse in other projects. Even roofing materials can be reused!
Asset recovery not only helps reduce the environmental impact of a demolition project by diverting materials from landfill, but it can also provide cost savings through the reuse or sale of recovered materials and equipment.
Some materials that our team at Priestly Demolition salvages include:
- Metal, such as copper, aluminum and steel
- Pipes
- Flooring
- Bricks
- Structural beams
- Concrete and asphalt
- Generators
- Machinery
- HVAC units
- Doors
- Windows
- Office furniture
Plus, if your demolition project involves demolishing natural gas rigs, oil rigs, industrial plants, or factories, there’s a good chance that our asset recovery team at Priestly Demolition can help you offset the costs of demolition by salvaging and recycling materials.
Our Asset Recovery Process
At Priestly Demolition, our asset recovery process begins with a detailed assessment of the building or structure to identify any valuable assets that can be recovered. Our team will create an inventory of these identified assets, including their condition, location, and estimated value based on the current market.
Next, we will develop a thorough plan to recover the identified assets, taking into consideration safety and logistics. The asset recovery plan will also consider and value scrap metal that may be able to be salvaged during the demolition process.
Following the asset recovery plan, our team will carefully remove all identified assets and transport them to a storage facility where they will be properly labelled, documented, and secured. The recovered assets are evaluated for their potential resale value and sold through auctions, private sales, and other channels.
Any materials or assets that are not suitable for resale are sorted and prepared for recycling or disposal in accordance with environmental regulations. Residual hazards will also be removed or neutralized from systems, surfaces, and structures to ensure the site is safe for potential buyers.
Reasons to Choose Asset Recovery Services
Our asset recovery service at Priestly Demolition can bring significant benefits to our clients. When an organization’s physical assets are no longer needed, they are often liquidated at less than their fair market value, which means it is a loss for the company. However, with our help, we can recover these assets and use them to generate income to offset demolition costs.
For example, common building materials such as scrap metal and concrete are valuable items that can be sold and reused in other construction projects. We even have the necessary equipment to crush concrete on-site to eliminate the fuel and transportation costs of taking the material to a processing centre or landfill.
Our asset recovery process not only helps businesses capitalize on their discarded assets, but also addresses environmental concerns and reduces the company’s carbon footprint by reducing waste. Instead of discarding obsolete equipment, we give it a new purpose through asset recovery.
Priestly Demolition is an expert in asset recovery and we are here to help you maximize your profits. Our comprehensive range of services ensures that every valuable piece of equipment and material is recovered and put back into good use so nothing goes to waste.
With extension experience and expertise, we can handle any project, from commercial to large-scale industrial jobs. Our team of specialists can help you identify the wealth of materials within your structure and provide a consultation to increase your profits, reduce your costs, and minimize your environmental impact.
