4.20

Norm 20: Assets secured and well managed

4.20.1

Standard: Organisational policy for assets management in place

4.20.2

Outcome: Effective quality control, utilization and maintenance of assets

PROGRAMME PRACTICES:

(a)

Service provider must ensure that a maintenance service plan is approved by management

(b)

Service provider must ensure that an updated Asset Register is available and inventory list is signed

(c)

Service provider must ensure that assets are comprehensively bar-coded, secured and insured

(d)

Service provider must ensure that regular monitoring of assets is performed and reported at meetings of the organisation by management

(e)

Service provider must ensure that evaluation procedures for assets are in place and reported to meetings of the organisation

(h)

Service provider must d ensure that damaged assets are repaired and or replaced timeously subject to availability of funds

(i)

Service provider must ensure that the system for the disposal of damaged assets is in place