Thursday, September 9, 2021

City of Prince Rupert to seek consultation towards Asset Management Strategy Development


The City of Prince Rupert is looking to develop a more complete strategy towards how it manages its assets, posting a Request for Proposals to the BC Bid website seeking out the services of a consultant to help steer them towards support of their objectives.

The overview for the project RFP from September 8th outlines the scope of what City Hall is hoping to achieve from their latest initiative and how it will serve to provide a roadmap for the future.

The development of an Asset Management Strategy and Roadmap, along with a Data Governance Framework, will bring together the existing Asset Management components that the City of Prince Rupert has put in place, including an Asset Management Policy and an Asset Management Investment Plan, while addressing gaps identified in the Asset Management Readiness Scale Assessment. 

More specifically, this strategy will focus on how the Asset Management Policy can be implemented, and define what tools, processes, and standard practices need to be put in place to achieve a successful Asset Management Program in the long-term.

The Asset Management Strategy and Asset Management Roadmap shall be used to guide the City in moving the Asset Management Program forward. These documents will link together the City’s existing asset management documents, including the Asset Management Investment Plan (AMIP) for core assets and the Asset Management Policy. 

It will define how the City will implement the principles set out in the Policy and support the delivery of the asset management objectives. The Strategy will lay out a process for integrating the AMIP with the long term financial planning and annual budgeting process, as well as how to integrate the existing GIS/Excel based asset register with Local Government Data Entry (LGDE) reporting requirements to improve efficiency. 

The Strategy should also include ways to add new asset categories to the existing AMIP. The Roadmap should identify 3-5 year objectives and performance targets, and clearly define staff responsibilities to achieve these objectives.

The timeline for the initiative is one which starts with the deadline for expressions of interest which comes up on October 1st.

Once selected the successful applicant will then have to meet a range of deadlines towards elements of their work, though those are still to be determined.

The final Draft of the new Asset Management Strategy, Roadmap and other Frameworks is set for June 3rd, of 2022.

The bid package includes information related the city's Water Fund Asset Management Reserve, Sewer Fund Asset Management Reserve and Solid Waste Asset Management Reserve

You can review all of the documentation from the BC Bid website

Past City of Prince Rupert Bid Requests and RFP's can be reviewed here.

For more notes on items of interest from City Hall see our archive page here.


Cross posted from the North Coast Review.

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