It is that time of year again – budget proposals need to be finalised, asset registers updated and strategy planned. And to add to the stress of the final planning, it is imperative that all policies and regulations of GIAMA be followed – to the letter. So mention “GIAMA” and it is not surprising that officials want to run and hide – just the acronym alone is intimidating.
The Government Immovable Asset Management Act, or GIAMA as it is commonly known, was promulgated into effect in 2010 and since then departments have been hard pressed to understand and implement the “vastness” and “wideness” that is GIAMA. It is for this reason that the role-out of the Act has been planned with a phased approach so as to carry out the necessary preparatory work in order to ensure custodian readiness for its implementation. The preparatory phase requires that each department must first submit a proposal detailing the state of its current asset register, its institutional capacity and the specific constraints it may face in order to ensure successful implementation.