Asset Management

Asset management helps improve life in the County by making smart decisions about our assets—like roads, parks, buildings, and pipes. This approach makes sure we provide the right services while keeping costs down and managing risks.

On this page

• What is asset management?
• Asset Management Policy
• Asset Management Plan

What is asset management?

Effective asset management involves a planned and structured approach to manage and care for the County’s infrastructure assets. The goal is to ensure that these assets perform well, last a long time, are cost-effective, and have minimized risk. By adopting sound asset management practices, the County can continue to deliver dependable services to the community in a safe, affordable and sustainable manner. 

Asset management covers all stages of an asset’s lifecycle, from initial planning or purchase to eventual replacement or disposal.

Ontario municipalities must comply with the regulations outlined in Ontario Regulation 588/17 Asset Management Planning for Municipal Infrastructure. 

VIDEO: What is Asset Management? from PEMAC Asset Management Association of Canada

Asset Management Policy

Haldimand County’s Asset Management Policy was approved in June 2019. It outlines our commitment to good stewardship of County assets and confirms that asset management practices will be legislatively compliant, performed in a safe and environmentally sustainable manner, and aligned with our strategic objectives.