For comprehensive asset management support and to learn more about our economic evaluation services and risk assessment services, contact the BIS Consulting team at (206) 551-5496.
For expert assistance with economic evaluation services, asset management support, or risk assessment services, feel free to contact our BIS Consulting team at +1 (206) 551-5496.
Most utilities and transit agencies struggle with determining the optimal infrastructure replacement timing as their assets age. Traditionally, the approach has been to rely on a standard service life assumption. However, BIS Consulting has developed a risk-based asset management model that helps optimize the service life of these assets. This model effectively balances the costs arising from the increasing risk of failure as the assets age against the benefits of delaying necessary capital expenditures.