What is Asset Owner?
An Asset Owner is the legal entity or organisation bearing ultimate responsibility for a facility’s entire lifecycle, including the ownership and management of all digital information about that facility.
Technical Definition: The legal entity bearing ultimate responsibility for a facility’s entire lifecycle – including information management. Technically this means establishing Employer’s Information Requirements (EIR) that govern how contractors and consultants must deliver digital information at project handover.
Why it matters: In a digitalised world, owning the building is not enough – you must also own the digital copy. When vendors own the configuration or the data, you lose control the moment they leave.
HubMind’s view: We help asset owners reclaim ownership of their digital assets from day one of every project. The asset owner must define the rules, not inherit the vendor’s defaults.
Want to know more about Asset Owner?
HubMind helps you understand and apply Asset Owner in your facility.