Asset Management

How do you demonstrate Value for Money in roads? - UK request

  • 1.  How do you demonstrate Value for Money in roads? - UK request

    Posted 13 November 2018 21:04
    Hi all

    I have recently relocated to the UK and am seeking some advice on modelling tools which (should) allow more the establishment of more effective Capex works programs. I am aware of software from SMEC and the like which do this.

    Seems that the UK is good at the condition assessment side (SCANNER, CVI etc.) of things but no so on the modelling and forecasting side noting that the winters can have a big impact on deterioration etc.

    So, the question and query I have is in relation to how do client authorities (including State) allocate their funding to road assets in a demonstrable (Value for Money) way. Supplementary question is if modelling tools are used which ones e.g. SMEC?

    Cheers all, hope it's not too hot for you down there! (It's not here)!!

    Andy



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  • 2.  RE: How do you demonstrate Value for Money in roads? - UK request

    Posted 14 November 2018 21:03
    Hi Andy

    Austroads has recently published "Measuring and Reporting the Value of Road Maintenance and Renewal Works" which may be of interest to you.
    https://austroads.com.au/publications/asset-management/ap-r588-18

    Also NZTA Research also publishes some very good papers.
    https://www.nzta.govt.nz/planning-and-investment/learning-and-resources/research-programme

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    GrantSheldon
    Sheldon Consulting Pty Ltd
    NSW
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  • 3.  RE: How do you demonstrate Value for Money in roads? - UK request

    Posted 15 November 2018 20:54

    Hi Andy, re your supplementary question I'd recommend having a look at Assetic Predictor. I've used it for some basic road modelling but you can take it to any level of complexity you want. In a nutshell you can define degradation profiles that simulate change in condition over time, and the treatments (+ costs) that you would apply to reverse degradation. You then set the rules for when the treatments will be applied (condition based and situation based eg Condition 3 on a Asphalt pavement on an arterial road). The system can then allocate a budget to the network and model condition over say a 20 year period. 


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  • 4.  RE: How do you demonstrate Value for Money in roads? - UK request

    Posted 15 November 2018 20:54
    Hi Andrew,

    I work for a local government authority in South Australia  It appears you have the data capture side in check.

    We are currently using Assetic Predictor for our roads modelling for capital works. We are able to take either raw data or converted 1-5 condition data and use through Assetic to model our roads program for any chosen interval of time, using our service levels that we have set. We have the ability to determine our backlog, and scenario model based on changes to budgets and determine the impacts to our network.

    While we haven't yet, we are able to develop our own degradation curves for the pavement and surface.

    We also have Assetic predictor spit out our capital works plan based on the interval we've selected. This using our own unit rates gives us a list of the best bang for buck roads based on our defined service levels.

    I hope that is of some help.

    Cheers,
    Ben
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  • 5.  RE: How do you demonstrate Value for Money in roads? - UK request

    Posted 15 November 2018 20:54
    Further to my previous. I should add that by using your own service levels and letting the model run 100,000s of scenarios in the bsckground we find we can justify our position, the ability to use different funding arrangements also allows us to see the potential long term impacts funding changes might have.
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  • 6.  RE: How do you demonstrate Value for Money in roads? - UK request

    Posted 16 November 2018 00:27
    Hi Andy,
    Assetic,  a company  based in Melbourne offers a suite of modules for strategic asset management for large  asset portfolios.

    The predictive modelling capability in the myPredictor module gives the modelling and forecasting functionality for  long term asset management.
    The model utilizes the condition data , models the deterioration  of asset components and performs optimized decision modelling to provide the service levels for given funding scenarios  over 10 to 20 years. The capex works programs for asset renewals  or  rehabs at the tactical project level can then be determined  for specific interventions customized to the  organisations maintenance treatments.

    Have a look on the  Assetic web site.
    Paul
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  • 7.  RE: How do you demonstrate Value for Money in roads? - UK request

    Posted 18 November 2018 16:36
    Hi Andy

    I'm an asset management consultant that assists local government clients.
    Another modelling tool you could consider is the Moloney Financial Model.
    Its a cost efficient yet powerful standalone spreadsheet tool that utilises data from client's asset registers.
    I have successfully used it to develop financial models for clients roads and other infrastructure assets, in which a variety of Levels of Service and funding options can be evaluated.
    Here is the link to it.
     Financial Modelling - Renewal Gap | Moloney Asset Management Systems

    Cheers
    Geoff

     


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  • 8.  RE: How do you demonstrate Value for Money in roads? - UK request

    Posted 18 November 2018 18:52
    ​Hi Andy,

    The City of Victor Harbor (Local Government) has been using the Assetic Products for 9 years now and thoroughly recommend their products and service provided.

    The Assetic Products we use  are MyData for the asset register and also use MyPredictor for the modelling of all of our asset classes for capital works, and we are in the process of loading the Maintenance Module this financial year.

    MyPredictor provides us with budget modelling and forecasting for long tem asset management. As previous discussions have stated with others comments, My Predictor utilises the condition data from the asset register, it models the deterioration of assets and provides degradation curves and tools according to your budget to confidently provide information to Council for future budget bids to make an informed decision.

    Go to the Assetic.com website or contact them direct and arrange a demonstation.  You will not be disappointed.



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