A Guide for Incorporating Maintenance Costs into a Transportation Asset Management Plan

The objective of this research is to develop a guide for state DOTs and other transportation agencies on incorporating maintenance costs in a risk-based Transportation Asset Management Plan (TAMP), including but not limited to the following: (1) a detailed presentation of procedures for identifying, collecting, and managing required data; (2) using life-cycle planning tools and techniques to demonstrate financial requirements and cost-effectiveness of maintenance activities and preservation programs and the potential change in costs and liabilities associated with deferring these actions; (3) formulating strategies that identify how to invest available funds over the next 10 years (as required by the TAMP) using life-cycle and benefit-cost analyses (and other applicable tools and techniques) to measure tradeoffs between capital and maintenance activities in alternative investment scenarios; and (4) designing components of a financial plan showing anticipated revenues and planned investments in capital and maintenance costs for the next 10 years.

• Record URL:
  http://apps.trb.org/cmsfeed/TRBNetProjectDisplay.asp?ProjectID=4789

Language

• English

Project

• Status: Completed
• Funding: $350000
• Contract Numbers:

  Project 23-08

• Sponsor Organizations:

  National Cooperative Highway Research Program

  Transportation Research Board
  500 Fifth Street, NW
  Washington, DC  United States  20001

  Federal Highway Administration

  1200 New Jersey Avenue, SE
  Washington, DC  United States  20590

  American Association of State Highway and Transportation Officials (AASHTO)

  444 North Capitol Street, NW
  Washington, DC  United States  20001
• Project Managers:

  Weeks, Jennifer

• Performing Organizations:

  Applied Pavement Technology, Inc.

  115 West Main Street, Suite 400
  Urbana, Illinois  United States  61801
• Principal Investigators:

  Allen, Brad

• Start Date: 20200922
• Expected Completion Date: 20221022
• Actual Completion Date: 20221022

Subject/Index Terms

• TRT Terms: Asset management; Bridges; Costs; Guidelines; Investments; Life cycle costing; Maintenance; Pavement maintenance; Preventive maintenance; Regulation
• Subject Areas: Bridges and other structures; Finance; Highways; Maintenance and Preservation; Pavements; Planning and Forecasting;

Filing Info

• Accession Number: 01707522
• Record Type: Research project
• Source Agency: Transportation Research Board
• Contract Numbers: Project 23-08
• Files: TRB, RIP
• Created Date: Jun 4 2019 4:24PM