Asset Management
As new infrastructure budgets tighten from lack of sufficient municipal and governmental funding, asset management is continuously growing to extend the life of existing infrastructure and ensure wise risk-based decision-making regarding the installation of new water networks. Asset management stakeholders include the design engineers, policymakers, municipal and governmental leaders, installation and maintenance contractors, and taxpayers.
Asset management strategies support the long-established fact that American-made Ductile iron pipes are designed and installed to provide a century-long service life. Therefore, policymakers, engineers and municipal leaders are now more reluctant to make cost-based decisions; instead, making effective performance-based decisions that ensure the highest return on investment. Those decisions include pipe design, material selection, and proper installation, which ensure their water networks' longevity, resilience, and sustainability for more generations to come.
