Within the past few years we have seen an institutional shift in the way that asset-intensive industries manage their physical asset base in the United Kingdom. On the 2nd of February 2006, Ofwat the water industry regulator issued letter MD212 for Managing Directors in that industry. This letter spoke of the progress of the Common Framework, an initiative of the United Kingdom Water Industry Research (UKWIR), and referred to its evolving role as a framework to guide capital maintenance planning.

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