Direct computation of life cycle cost consequences of as-constructed - as opposed to as-designed — quality measures, is presented as a basis for developing the pro-forma financial statements necessary for managing highway pavements as assets. The current and next-generation mechanistic-empirical pavement design and analysis models, combined with the development of easily deployable non-destructive testing technologies, increase the feasibility of estimating the combined effects of variations in the in-situ material properties that influence pavement quality and performance. These models can be deployed to develop the inputs to financial statements. In the process, one can not only develop a framework for monitoring financial health over any given performance period, but also estimate the difference between the life cycle costs associated with the as-designed and as-built pavement, which can, in turn, provide a basis for determining contractor penalties or bonuses, suggested here as being an important component of pavement asset management.


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    Title :

    Construction Quality Effects on Pavement Asset Preservation and Valuation: A Mechanistic-Empirical Performance-Based LCCA Approach


    Contributors:

    Conference:

    Ninth International Conference on Applications of Advanced Technology in Transportation (AATT) ; 2006 ; Chicago, Illinois, United States



    Publication date :

    2006-08-04




    Type of media :

    Conference paper


    Type of material :

    Electronic Resource


    Language :

    English




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