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Asset Valuation Guide
  • Home
  • Chapters
      • 1. Introduction
        • 1.1 Background
        • 1.2 Scope and Organization
        • 1.3 Intended Audiences
        • 1.4 Ways to Use This Guide
      • 2. Asset Valuation Framework
        • 2.1 Asset Valuation and Asset Management
        • 2.2 Defining Asset Value
        • 2.3 Steps in Calculating Asset Value
        • 2.4 Relationship to Accounting Standards
      • 3. Asset Value Scope
        • 3.1 Identify the Asset Value Driver
        • 3.2 Review Data Availability and Quality
        • 3.3 Establish the Asset Hierarchy
        • 3.4 Determine the Need for Componentization
      • 4. Initial Asset Value
        • 4.1 General Guidance
        • 4.2 Alternative Approaches
        • 4.3 Examples
        • 4.4 Practice Assessment
      • 5. Treatment Effects
        • 5.1 General Guidance
        • 5.2 Recommended Steps
        • 5.3 Examples
        • 5.4 Practice Assessment
      • 6. Depreciation
        • 6.1 General Guidance
        • 6.2 Recommended Steps
        • 6.3 Examples
        • 6.4 Practice Assessment
      • 7. Measure Calculation
        • 7.1 Calculating Value for Groups of Assets
        • 7.2 Preparing Financial Statements
        • 7.3 Asset Value-Related Measures
        • 7.4 Practice Assessment
      • 8. Using Asset Value to Support TAM Decisions
        • 8.1 Applications of Asset Value
        • 8.2 Guidance for Applying Asset Value to Support TAM
        • 8.3 Practice Assessment
      • 9. Case Studies
        • 9.1 Valuing Highway Assets Based on Cost and Market Perspectives
        • 9.2 Valuing Transit Assets Using a Cost Perspective
        • 9.3 Valuing Highway Assets Based on an Economic Perspective
        • 9.4 Calculating Asset Value for Pavement Base and Surface in a Midwestern Agency
        • 9.5 Comparing Pavement Valuation Based on Condition vs. Age in a Southwestern Agency
        • 9.6 Calculating Asset Value for Assets with Varying Levels of Data Availability in a Western Agency
        • 9.7 Comparing Bridge Valuation Using Three Depreciation Approaches in a Northwestern Agency
        • 9.8 Using FHWA BIP Tool Data to Develop Bridge Deterioration Curves
        • 9.9 Valuing a Bridge Using the Economic Perspective in an Eastern Agency
        • 9.10 Valuing Pavement Based on Condition in a Metropolitan Agency
        • 9.11 Calculating Vehicle Asset Value Using the Market Perspective
        • 9.12 Valuing Highway Assets Using the Economic Perspective in a Western Agency
        • 9.13 International Case Studies
      • Appendix A
      • Appendix B
  • Calculation Steps
      • Calculation Steps
      • Step 1: Define the Analysis Scope
      • Step 2: Establish Initial Value
      • Step 3: Determine Treatment Effects
      • Step 4: Calculate Depreciation
      • Step 5: Calculate Value and Supporting Measures
      • Step 6: Communicate and Apply the Results
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9.9 Valuing a Bridge Using the Economic Perspective in an Eastern Agency

Posted on July 7, 2025 (November 20, 2025) by Fraser Pesek

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 9.8 Using FHWA BIP Tool Data to Develop Bridge Deterioration Curves9.10 Valuing Pavement Based on Condition in a Metropolitan Agency 
The web version of A Guide to Computation and Use of System Level Valuation of Transportation Assets is a product of NCHRP Projects 23-06 and 20-44(46). Results of the research are available in NCHRP Web-Only Document 335. This site is maintained by the AASHTO Subcommittee on Asset Management.
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