Bids Are Invited For Town Of Comox Asset Management Program

The Asset Management Program Will Establish Policies, Procedures, And Frameworks To Support Consistent, Risk-Informed Asset Management Practices, While Also Building The Internal Capacity Of Town Staff To Effectively Implement, Maintain, And Continuously Improve Asset Management Practices Over Time.Key Components Of The Asset Management Program Development Include:Updated Asset Management Policy And Strategy: Revise Existing Policy And Strategy To Reflect Current Practices, Clearly Define Roles And Responsibilities, And Provide A Roadmap For Advancing The Town’S Asset Management Maturity.Condition Assessment Protocols: Develop Standardized Guidelines And Templates For Consistent, Reliable Asset Condition Assessments.Data Governance And Asset/Data Management Procedures: Establish Policies And Procedures To Maintain Data Integrity, Security, And Quality Across The Asset Lifecycle.Lifecycle Modelling And Capital Forecasting: Create Formal Models To Forecast Asset Replacement And Maintenance Needs, Optimize Budget Allocation, And Support Long-Term Financial Planning.Risk And Level Of Service Frameworks: Define And Implement Methods To Assess Asset Risk, Criticality, And Service Performance To Guide Investment Priorities.Asset Management Plan: Deliver A Final Am Plan Endorsed By Council, Providing A Structured Framework For Strategic, Data-Informed Decision-Making.Develop A Concise Annual Asset Management Performance Reporting Framework, Including Key Performance Measures And Indicators Suitable For Reporting To Council And The Public.