Asset Management
Asset Management
Asset Management is the comprehensive approach we take to stewarding our valuable resources effectively. It involves the systematic identification, assessment, and prioritization of our infrastructure assets, such as roads, bridges, and community facilities. By understanding the condition, performance, and lifecycle of these assets, we can make informed decisions to maintain, renew, or replace them in a timely and cost-effective manner.
Here in Bonfield, Asset Management plays a vital role in:
-
Improving Service Delivery: By proactively maintaining our infrastructure, we can minimize disruptions and ensure that essential services, such as clean water and safe roads, are consistently available to our community.
-
Optimizing Investments: Through careful planning and prioritization, we allocate our resources where they are needed most, maximizing the value of every dollar spent and avoiding costly emergency repairs.
-
Enhancing Sustainability: By considering environmental, social, and economic factors in our decision-making process, we strive to create a resilient and sustainable community for future generations to enjoy.
-
Ensuring Accountability: Transparent reporting and monitoring mechanisms enable us to track the performance of our assets, demonstrate accountability to taxpayers, and comply with regulatory requirements.
Bridge and Culvert Study - Part 1, Part 2, Part 3, Part 4, Part 5
By-Law NO. 2019-07 - Corporate Strategic Asset Management Policy
By-Law NO. 2008-20 - Corporate Policies and Procedures for Tangible Capital Assets