Guidance Document for Highway Infrastructure Asset Valuation

Download or read book Guidance Document for Highway Infrastructure Asset Valuation written by Roads Liaison Group and published by The Stationery Office. This book was released on 2005-07-06 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: This document contains guidance on a common framework for the discussion, development and implementation of highway infrastructure asset valuation by local highway authorities in the UK, in line with financial reporting and asset management requirements. Specific guidance is given for roads, segregated footpaths and cycle routes, and the document covers all fixed assets that form an essential part of the highway network, including earthworks and drainage, pavements and verges, fencing, lighting, street furniture, traffic management and communication assets. It sets out a step by step procedure covering asset clarification, data requirements, calculation of Gross Replacement Cost, calculation of depreciation and impairment, reporting and monitoring of asset value; and examples are given in the appendices to illustrate methodology application.