Corporate Asset Management

Asset management is a coordinated approach used to make sure the City is making the best decisions about our assets, and delivering services at a level that residents want and are willing to pay for.

Asset Management Plans are a requirement by the province under Ontario Regulation 588/17. More on the legislation can be found at O. Reg. 588/17: ASSET MANAGEMENT PLANNING FOR MUNICIPAL INFRASTRUCTURE (ontario.ca) . Even without the legislation, the City needs AM Plans to ensure service levels can be maintained for the residents of Hamilton. 

An asset is anything the City owns and uses to serve its customers. Some examples of assets are a play structure at a park, a recreation centre, the pipes used to deliver clean, safe drinking water, and the roads and sidewalks across the City.

Strong Asset Management practices ensure the City’s assets are managed in the best way possible to ensure:

• services keep functioning

• services are provided if they are needed

• services are affordable

• service levels are maintained

• assets are operated to emphasize public safety and climate resiliency

1. To ensure that Hamilton provides the service levels the community wants and is prepared to pay for.
2. Many assets are multi-generational, and decisions today can have future consequences.
3. Infrastructure Planning comes with significant costs and risks, which we need to understand and track.
4. Understanding that every asset we add comes with the commitment to ongoing costs for maintenance and operation
5. The City needs to prioritize how money is spent.

Residents can comment through periodic surveys via Engage Hamilton, and paper copies are available at Municipal Service Centers and Hamilton Public Libraries and Ward Councilors.

All asset management plans can be found below on the Corporate Asset Management webpage.

The Corporate Asset Management Plan Overview can be found on the Corporate Asset Management webpage.

Yes, you can email [email protected]

Levels of service are measures of what Hamilton provides to its customers, residents, and visitors.  Service levels are best described as the link between the community's desired outcomes and how Hamilton provides those services. 

An asset management plan aims:

• To ensure that various stakeholders in Hamilton are well-informed and can make sound decisions. 
• For residents, the plan provides clarity on the levels of services offered by the city, how these services are managed, and the associated costs of maintaining them for public use. 
• For Hamilton City Council, it enables evidence-based decision-making by helping them understand the long-term impacts and costs of their actions on city services. 
• The plan promotes good stewardship for the City of Hamilton employees by improving service knowledge, tracking progress, ensuring compliance with regulations, optimizing operations, and enhancing budgeting processes, all while supporting evidence-based decisions.