Focusing on each asset’s lifecycle, an asset management plan considers the maintenance, rehabilitation, and replacement of all municipal infrastructure. This provides sustainable and reliable service levels to residents, all while managing risk and minimizing costs. These plans effectively aid municipalities in making informed, prioritized, and budget-friendly decisions about their infrastructure needs.
Most public and privately-owned infrastructure are in need of rehabilitation, increasing future municipal budgets. Through an asset management plan, municipalities gain insight into infrastructure conditions and how these assets will meet present and future needs. With this valuable data, municipalities are able to better prioritize and plan for future infrastructure needs.
Our integrated project approach is fundamental to the development of an asset management plan. Working with staff in finance, engineering, and operations provides a systematic and coordinated effort of data collection for all asset classes.
Effective short-term and long-term management of municipal infrastructure depends on your asset management plan, which will become a central, everyday decision-making tool for all levels of municipal operations.