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.
Construction Quality Effects on Pavement Asset Preservation and Valuation: A Mechanistic-Empirical Performance-Based LCCA Approach
Ninth International Conference on Applications of Advanced Technology in Transportation (AATT) ; 2006 ; Chicago, Illinois, United States
2006-08-04
Conference paper
Electronic Resource
English
British Library Conference Proceedings | 2005
|Effects of Pavement Condition on LCCA User Costs
Transportation Research Record | 2019
|BIM–LCCA Integration for Road Pavement Maintenance
Transportation Research Record | 2022
|Expressway Asphalt Pavement Structure Evaluation Method Frame Based on LCCA
British Library Conference Proceedings | 2009
|