How Can You Best Manage Your Assets?

In today's challenging market place, it's becoming increasingly important to manage your assets to minimise the costs associated with replacement and repair. It's also vital that road users travel safely with limited disruption to their journeys.

Drivers for Asset Management Plans

LTP2 (Local Transport Plan 2) guidance strongly promotes the need to develop asset management plans:

• Prudential Code - requires local authorities to prove prudent stewardship of assets

• Whole Government Accounts revised code of practice - has a stronger emphasis on transport asset management.

Asset management plans help to demonstrate continuous improvement.

How Can TRL Help?

TRL's value and asset management experts are responsible for developing management methods and supporting tools which monitor your assets, assess their performance and ultimately achieve best value for local authorities across the UK as well as for central government.

We provide best practice advice and guidance on all elements concerning Local Transport Plans aligned with your asset management plan. Our work in asset management spans over 60 years. We've been heavily involved in:

• development of UK Pavement Management Systems (PMS) logical design
• engineering schedule of rates for PMS
• consultancy and training services
• whole-life costing and value management
• Highways Agency PMS (HAPMS) and network models
• Bridgeman software for bridge engineers
• traffic speed surveys
• footways including valuation
• UK-PMS support - research manager
• risk management - technical and safety.

Benefits of Adopting Asset Management Plans

• Reduced life-cycle costs.
• Defined level of service.
• Improved performance monitoring.
• More transparent decision-making.
• Consequences of funding decisions predicted.
• Reduced financial, operational and legal risks.
• Discharged statutory valuation and financial reporting responsibilities.

TRL guides organisations through this process to ensure a seamless transition.

To download a copy of "Highway Asset Management Procedures - Guidance on the Requirements for the Production of Highways Asset Management Plans and a Simple Valuation Methodology," please click here

If you're interested in learning more about the topics covered in this section, or you can't find what you're looking for and would like to talk to someone in detail about a specific topic, please complete the enquiry form at the foot of this page - one of our experts will contact you as soon as possible.