Asset management and valuation

The concept of highway asset management is becoming increasingly important for those responsible for managing highway networks. Asset management is not a new concept and most highway authorities are practicing elements of asset management already. However, the service wide application of asset management is a new concept.

The County Surveyors Society (CSS), together with the Local Authority Technical Advisors Group (TAG) have produced the framework detailed in this document to facilitate the meaningful exchange of knowledge and experience on the subject. The framework, published in June 2004, was drafted by a team from Opus International Consutants (UK) Ltd. The Code is available as an Adobe Acrobat file here [060202 - Highways Asset Management Framework.pdf]. Print copies are published by the County Surveyors Society (CSS), price £40 (for details, see http://www.cssnet.org.uk/).

The Asset Valuation Guidance, published in July 2005, was drafted by a team from W S Atkins [www.atkinsglobal.com/transportation] on behalf of the CSS and TAG. The Code is available as an Adobe Acrobat file here [060202 - Asset Valuation Guidance.pdf]. Print copies (ISBN 0 11 552695 1) are published by The Stationery Office (TSO), price £14, and can be ordered from www.tso.co.uk/bookshop or by calling 0870 600 5522.

Both documents are companions to the suite of maintenance Codes of Practice commissioned by the UK Roads Liaison Group. For details of the codes, see here: www.ukroadsliaisongroup.org/liaison/practice.htm.

The Code will be available as an Adobe Acrobat file here. Print copies (ISBN 0 11 552643 0) are published by The Stationery Office (TSO), price £18, and can be ordered from www.tso.co.uk/bookshop or by calling 0870 600 5522.