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Government Immovable Asset Management Bill [GIAMA] - page 14 / 20

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10. Responsibilities of Custodians

Custodians are responsible for the efficient & effective management of immovable assets throughout their life-cycle and therefore must produce a custodian asset management plan (C-AMP) to ensure that immovable assets are:

provided in a transparent & cost effective manner to meet the service delivery requirements of users;

maintained in the state in which they would optimally support service delivery objectives, including refurbishment at regular service-life intervals;

assessed in relation to performance, suitability, condition and the effect that the condition of an asset has on service delivery ability; and

dealt with in the manner which the assessments indicate relevant to each asset’s life cycle, including renewal at the end of its current economic-life or release for socio-economic purposes.

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