2. Need for Government Immovable Asset Management Act (GIAMA)
Government is confronted with service delivery needs which must be matched with the efficient and effective use of all resources, including immovable assets.
Government’s extensive and diversified immovable assets have a significant impact on the overall macro-economic, socio-political & physical landscape.
Decisions on immovable assets have long-term implications and should be based on the full impact of costs over the expected lifespan of such assets.
It is therefore imperative that Government’s immovable assets be managed in a uniform, efficient, effective and accountable manner.