This guide is intended for use by public agencies seeking to calculate asset value in support of TAM and TAM decisions. This includes, but is not limited to, applications such as:
- Using asset value to communicate the extent of assets an agency owns or maintains;
- Reporting asset value in a TAMP;
- Determining how value is expected to change over time given an agency’s investment strategy;
- Calculating the cost to maintain asset value; and
- Evaluating the impact of different treatment options on the value of a given asset or asset class.
This guide is designed for use by all U.S. public agencies managing transportation assets, including state and local DOTs, transit agencies, port authorities, airport operators, and others. Key users of the guide include engineers, planners, and analysts charged with managing transportation assets, calculating asset value, and/or helping support investment decisions. The guidance may also be useful for accountants and financial analysts responsible for agency accounting and financial reporting for purposes such as comparing TAM asset value calculations to those developed for financial reports or other applications.