Tag: Lifecycle Costing

Asset Management – Condition Assessment

Today, John Jackman, P.E. and Ben Horner, P.L.S. continued our Asset Management Series with a discussion on Condition Assessment. This presentation covers the differences between inspection and assessment; the benefits of knowing the condition; basics to developing a standard condition assessment; and estimating the existing useful life of various assets. Presented are examples of standard condition forms as well as our use of these forms to complete condition assessment for our clients.