During recent years there has been a greater awareness in business and the broader community of the need to effectively and efficiently manage existing assets.

Many aged care service providers are currently in the process of appraising issues such as the lack of understanding of the condition and management needs of the asset services and dominate service costs. GR Consulting, in recognition of the changing expectations within the aged care industry, has developed significant expertise in the formation of asset database systems. The objectives of these systems is to provide up-to‐date information on building assets for valuation purposes, depreciation of assets, together with development of an overall asset management strategy and generation of asset maintenance programs.

With the change in funding structure to user pays, the customer requires service guarantees and value for money. Increased accountability has increased the role of asset management within the review and appraisal of resources.

GR Consulting’s experience in the building industry has shown that failure to adopt responsible asset management strategies may result in:

• More frequent breakdowns and/or interruptions to service
• A reduction in the standard of service/operation
• A financial burden for the future operations.