Asset Management Period 8 (AMP8) commences on 1 April 2025 affecting all English and Welsh Water companies. Set by Ofwat, the aim of AMP periods is to increase efficiency and service levels in the sector. The AMP8 programme is set to be up to 3-4 times bigger than any previous AMP period and is anticipated to transform the water industry’s commitments towards climate change, service, society and the environment. The ambitious targets will present unique challenges to the industry. These include:
AMP8 AND WHY IT’S IMPORTANT
- Risk Transfer from Supply Chain to Utility Company
- Capacity and Capability in the Supply Chain
- Skilled Resource Shortage Leading to Tender Price Inflation
- Market Engagement Concerns
- Standardisation Requirements
- Scalability Fears
- Seasonal Restrictions
- Drive for Blue/Green Solutions
We’re specialists in the utility industry having worked with clients since 2004
HOW BARKERS CAN HELP
STRATEGY DEVELOPMENT
Guiding utility companies to strategically align their business to ensure all business units are working towards AMP8 principles.
OPERATING MODELS
Advising on the development of operating models that will best enable the business to deliver value to its customers and stakeholders during a period of substantial change at both a macro and micro level.
KPI AND INCENTIVISATION
Establishing Key Performance Indicators with a focus on the achievement of Outcome Delivery Incentives to enable the successful delivery of AMP8.
WORK ALLOCATION
Creation of fully resourced and timed work plans that align with AMP8 project goals and enable the achievement of specific targets.
RISK MANAGEMENT
Identifying and mitigating against risk within AMP8. Particularly focusing on supply chain risk, skills shortages, scalability fears and seasonal restrictions which could significantly impact this specific AMP period.
FRAMEWORK SCOPE
Understanding the wider programme and how the individual procurements and organisational requirements interact with each other whilst supporting a smooth transition from the current ways of working in AMP7 to the new ways of working in AMP8.
ESG PROWESS
Guidance on how procurement can effectively contribute to and guide an organisation’s sustainability strategy, particularly surrounding carbon emission targets and green solutions.
OUR SPECIALIST AMP8 TEAM
Amy Burns
Amy has 20 years' of Payment, Procurement and Category Management experience predominantly gained within a regulatory utility procurement environment working with multimillion pound contracts
across both corporate and maintenance services.
Mike Harrison
Mike is a commercial leader in Infrastructure and Engineering environments with 25+ year’s experience working for client & major contractors organisations delivering key capital
projects. He has undertaken roles in procurement, commercial management, cost assurance, claim collation, dispute resolution, and project structuring.
Richard Hogan
Richard brings over 25 years’ Procurement experience in Senior Director roles leading global procurement functions across multiple sectors. He has worked with numerous clients advising and delivering
best practice procurement and commercial solutions. Richard specialises in driving procurement transformation, delivering large scale procurement projects and working with clients at board level as a trusted advisor.
Nathan Davies
Nathan has over 15 years of regulated and non-regulated procurement experience gained on multi-million pound contracts. Nathan is a highly effective Senior Procurement Professional who specialises
in taking a pragmatic approach to cost reduction and cost management through devising and implementing appropriate procurement, benchmarking and business strategies.
Tom Baker
Experienced Category Manager and Capital Contract Specialist with a demonstrable history of working across both public and private sector organisations including Nuclear, Utilities and Government
organisations. Skilled in strategic category and operational procurement, value delivery, commercial management and dispute resolution.
Howard Lewis
Howard is a senior procurement and commercial professional, with over 30 years’ experience having worked across Construction, Healthcare, and IT. He is experienced in leading complex
procurement and commercial deals ranging from £0.05m - £500m.
WHY WE EXCEL AT DELIVERING AMP PROJECTS
We’re vastly experienced in the utility sector. Not only do our specialist AMP8 team have decades of experience combined, but our Directors have also worked within this sector and can offer specialist guidance and advice.
Since 2014 we’ve secured client savings across the utility industry in excess of £350million. In a time of economic challenge you can trust Barkers to know where genuine savings can be made and how to extract true value for money and return on investment.
We thrive in highly regulated industries. At Barkers we understand the intricacies of the processes and frameworks within the sector meaning we have full comprehension of what is viable and achievable and can hit the ground running.
A significant part of AMP8 is expected to be focused on green solutions. At Barkers we are a carbon neutral business, our permanent team are carbon literacy trained and we encourage all clients to factor ESG principles into their procurement process.
AMP8 KNOWLEDGE SHARE
Our blogs are written by our team of specialists and designed to support the utility industry on the key themes surrounding AMP8. Take a read for the latest insight.
Barkers Connect –
Subscribe to our monthly e-newsletter for news and views.
REQUEST A CALL BACK
Contact us to achieve your AMP8 ambitions.