The highway infrastructure asset is the most valuable asset owned by the public sector in the UK. The significant levels of funding for the management of this asset are under continuous scrutiny, with increasing pressure from government and the public for transparency, accountability and more efficient use of the limited resources available.
Asset management is a well-established discipline, implemented in the UK and internationally for the management of physical assets. Many asset owning organisations have adopted the principles of asset management and as a result, can demonstrate benefits in terms of financial efficiencies, improved accountability and stewardship of the asset, better value for money and improved customer service.
This Guidance is aimed at local highway authorities and provides advice on how asset management principles may be used to support a more efficient approach to maintaining highway infrastructure assets. It includes 14 recommendations which should be considered in their entirety as the minimum requirements to achieve an appropriate level of benefit from asset management.
The Guidance was drafted by a team from Atkins on behalf of the Highways Maintenance Efficiency Programme (HMEP) and is endorsed by the UK Roads Liaison Group.