The implementation of Total Asset Management (TAM) is important for sustainable development. Safety and security are aspects that need to be assured of in sustainable development. To ensure that the aspects are assured, the construction industry professionals who are involved in designing, creating, maintaining and disposing the assets should have knowledge in asset management. Therefore, this paper reveals the awareness, knowledge, and familiarity of construction industry professionals about asset management, particularly in terms of building inspection. The data was obtained by using a questionnaire-survey, in which questionnaires were distributed among 205 Malaysian Professionals from various fields. The data was analysed by using the Statistical Package for Social Science (SPSS) software. The result shows that the majority of respondents are aware of the need for building inspection and the importance of it. However, they lack knowledge on how to perform a proper building inspection. This is because they are not familiar with the standards or protocols which are often used as a guide such as QLASSIC, RICS Building Survey Report, ASTM E-2018, CPBS101 and others. This is somehow related to many reports of building disasters which occur in Malaysia. To achieve sustainable development, all professionals involved in asset management should have sound knowledge of the principles of TAM, in order to implement it comprehensively.