The Greater Metropolitan Cemeteries Trust (GMCT) is currently undertaking a review of the way it determines the price (pricing methodology) for “memorialisation” products across its 18 active cemetery sites. When the GMCT was established in 2010, 8 cemetery trusts, comprising 18 individual cemetery sites were amalgamated into what is now known as a Class A Cemetery Trust. At this time GMCT inherited 9 different price lists and this resulted in inconsistent pricing of similar products across the GMCT. This has created confusion and lack of transparency for the general public and end-consumer. The review of our pricing methodology has been undertaken with the aim of improving transparency and efficiency, reducing confusion and ensuring equitable pricing at all GMCT cemetery sites.
Memorialisation products are items intended to celebrate and remember the lives of loved ones and include such things as:
It is proposed that the new pricing methodology will apply a Cost plus a percentage margin, to all of its memorialisation products. This will ensure that the prices for memorialisation products across all GMCT sites are:
The new pricing methodology will also enable GMCT to respond to cost changes pro-actively as well as aligning the pricing method with generally accepted pricing methods within the cemetery sector. As a Class A Cemetery Trust, GMCT is obliged to care for and maintain into perpetuity those cemeteries within its custody. In order to fund this obligation, each year, GMCT allocates funds to a Perpetual Maintenance Reserve. This reserve is set aside to ensure that all 18 cemeteries within GMCT’s care are maintained well into the future. Members of the public are welcome to provide feedback in writing regarding these proposed changes to the pricing methodology of GMCT’s memorialisation products. To provide feedback please email us.