The Asset Management Policy guides the overall direction of the asset management system, providing clear direction as to the appropriate focus and level of asset management practice expected. It establishes the key principles, overall mission and goals for the program.
The Corporate Asset Management Procedures support the policy by outlining the roles and responsibilities of all stakeholders involved in Asset Management supporting the delivery of municipal services to its residents and customers.
The Corporate Asset Management Policy and Procedures [PDF/363KB] are founded on eight principles. The use of these principles in applying asset management will better position the Town to:
- Deliver services at approved Levels of Service
- Improve decision-making accountability and transparency
- Better demonstrate the long-term consideration of short-term decisions
- Improve customer service
- Reduce the lifecycle costs while maintaining acceptable Levels of Service
- Link infrastructure investment decisions to service outcomes
Asset Management Strategy
The Integrated Asset Management Strategy [PDF/34.5MB] documents the findings of an independent assessment of the Town of Newmarket's Asset Management practice capability undertaken in 2016.
The document provides an analysis of the current state of practice and identifies the needs in terms of asset management projects to achieve a higher level of practice. The implementation plan in this strategy addresses the challenges to improve the state of asset management by considering practices, technology and resources.
