Principles of Immovable Asset Management (Continued)
Required resources must be allocated to optimise utilisation of and expenditure on immovable assets.
Before deciding to acquire new assets, organs of state must consider all relevant factors including non-asset solutions, full life-cycle costing, risk analysis and the optimal use of existing assets.
In asset management decisions, organs of state should take into account the preservation of heritage, cultural & environmental values.
Immovable asset management decisions should meet the needs of the present without compromising the needs of future generations.
Immovable asset management must be aimed at the improvement of health and safety in the working environment.
Immovable asset management must be aimed at reducing the overall cost of service delivery through the optimal allocation of resources.