Guidebook PDF Downloads
- Full Guidebook
- Executive Summary
- Chapter 1: Introduction
- Chapter 2: Asset Valuation Framework
- Chapter 3: Asset Value Scope
- Chapter 4: Initial Asset Value
- Chapter 5: Treatment Effects
- Chapter 6: Depreciation
- Chapter 7: Measure Calculation
- Chapter 8: Using Asset Value to Support TAM Decisions
- Chapter 9: Case Studies
- Appendix A: Details on Economic Valuation
- Appendix B: Economic Concepts
Audio File Downloads
- Chapter 1: Introduction
- Chapter 2: Asset Valuation Framework
- Chapter 3: Asset Value Scope
- Chapter 4: Initial Asset Value
- Chapter 5: Treatment Effects
- Chapter 6: Depreciation
- Chapter 7: Measure Calculation
- Chapter 8: Using Asset Value to Support TAM Decisions
- Chapter 9: Case Studies
- Appendix A: Details on Economic Valuation
- Appendix B: Economic Concepts
Asset Value Calculation Templates
Bridge Asset Value Calculation Template
- Download the Bridge Value Calculation Template.
Ancillary Asset Value Calculation Template
- Download the Ancillary Asset Calculation Template.
Note that Section 3.3 Establish the Asset Hierarchy discusses different considerations in establishing what asses classes to consider when performing the asset valuation calculation, and discusses different asset classes. The following additional resources discuss asset management strategies related to ancillary assets such as: signs, signals, guardrail, culverts, lighting, pavement markings, retaining walls, curb ramps, and noise walls.
- Allen, B.; Ram, P.; Koonce, J.; Raj, D.; Burns, S.; Zimmerman, K.; Smadi, O.; and Mugabe, K. Handbook for Including Ancillary Assets Transportation Asset Management Programs. FHWA, Report FHWA-HIF-19-068, 2019. Available at the following URL accessed September 17, 2025: https://www.fhwa.dot.gov/publications/research/infrastructure/19068/19068.pdf.
- FHWA. Transportation Asset Management Plans: Case Study 7 – Managing Assets Beyond Pavements and Bridges. FHWA, Report FHWA-HIF-20-092, 2020. Available at the following URL accessed September 17, 2025: https://www.fhwa.dot.gov/asset/pubs/hif20092.pdf.
- Spy Pond Partners, LLC; Applied Pavement Technology, Inc.; and WSP. AASHTO Transportation Asset Management Guide: A Focus on Implementation, Second Edition. AASHTO, 2020.
- Sturgill, R.; Harper, C.; Tran, D.; and Smadi, S. Management Practices for Ancillary Transportation Assets: A Synthesis of Highway Practice. NAS, NCHRP Synthesis 647, 2025. Available at the following URL accessed September 17, 2025: https://nap.nationalacademies.org/catalog/29059/management-practices-for-ancillary-transportation-assets.
NCHRP Project 20-44(46) Update Development
ACKNOWLEDGEMENT OF SPONSORSHIP
This work was sponsored by the American Association of State Highway and Transportation Officials, in cooperation with the Federal Highway Administration, and was conducted in the National Cooperative Highway Research Program (NCHRP), which is administered by the Transportation Research Board of the National Academies of Sciences, Engineering, and Medicine.
DISCLAIMER
This material is based upon work supported by the FHWA under Agreement No. 693JJ32350025. Any opinions, findings, and conclusions or recommendations expressed or implied in this document are those of the researchers who performed the research and are not necessarily those of the Transportation Research Board; the National Academies of Sciences, Engineering, and Medicine; the FHWA; or the program sponsors.
No warranty is made by the developers or their employer as to the accuracy, completeness, or reliability of this software and its associated equations and documentation. No responsibility is assumed by the developers for incorrect results or damages resulting from the use of this software.

