The Property Asset Management profession promotes strategic and operational capability based on understanding the impact of property assets on effective business delivery.
Property assets represent significant investment costs (capital expenditure) as well as running costs. The central civil government estate currently costs approximately £3.5 billion per year to run and is valued at £30 billion. Construction spend across the public sector is around £30 billion. In order to get the best value from governments property assets it is important that property asset management is recognised as a key component of business planning and delivery.
The Property Asset Management (PAM) profession was formally established on 30t June 2010 when the outgoing Head of Profession, Vice Admiral Tim Laurence, handed over to John McCready, Managing Director of the Government Property Unit. There are around 3,500 PAM practitioners working across the central civil government estate and the role of the profession is to raise the skills base and capability of this community to meet the government’s demanding property and FM agenda.
The PAM Profession is currently limited to central civil government, including the administrative estate of the Ministry of Defence.
Please also visit the BIS Government Property Unit Website