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Leveraging your asset management policy for strategic investment

With Ontario's policy deadlines fast approaching, it's smart to use lifecycle costing in your capital procurement process

by PAYNE A
Leveraging your asset management policy for strategic investment
Published in April 2019 - Page 22

Sponsored by MasonryWorx

By July 1, 2019, each Ontario municipality must have completed their first strategic asset management policy. Such a policy is a precursor to Asset Management Plan requirements that will come into effect in 2021. But, are municipalities looking beyond the general language of their policy to ensure they are aligning and integrating asset management into other key municipal plans, policies, and practices, particularly for new asset procurement?

Most communities currently make purchasing

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