Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement
2017

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TRB's Airport Cooperative Research Program (ACRP) Research Report 172: Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement explores how other industries use the total cost of ownership (TCO) approach for initial procurement, and how to integrate this into future airport procurement practices. A

TCO Tool

and five

instructional videos

on how to use the TCO Tool accompany the report.

Airports, as well as other governmental entities, usually are required to take the lowest bid when procuring assets. This approach tends not to take into consideration the life-cycle costs, such as the operation and maintenance (O&M) costs, which can result in higher than anticipated costs from the O&M budget. Since the purchase of assets is allocated from capital funds that are managed by a person typically different than the person responsible for the day-to-day management of O&M funds, there can be a disconnect on what is considered "better" when considering two bids. Taking a life-cycle, also known as a TCO approach, to the initial procurement may ensure a more fiscally responsible use of funds.

Disclaimer - This software is offered as is, without warranty or promise of support of any kind either expressed or implied. Under no circumstance will the National Academy of Sciences, Engineering, and Medicine or the Transportation Research Board (collectively "TRB") be liable for any loss or damage caused by the installation or operation of this product. TRB makes no representation or warranty of any kind, expressed or implied, in fact or in law, including without limitation, the warranty of merchantability or the warranty of fitness for a particular purpose, and shall not in any case be liable for any consequential or special damages.

Publication information

250 pages · 8.5 x 11 · paperback
ISBN Paperback: 0-309-44628-7
ISBN Ebook: 0-309-45896-X
DOI: https://doi.org/10.17226/24764

Suggested citation

National Academies of Sciences, Engineering, and Medicine. 2017. Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement. Washington, DC: The National Academies Press.

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Front Matter i-viii
ACRP Research Report 172 Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement 1-1
Front Matter 2-6
Foreword 7-8
Contents 9-10
Chapter 1 - Introduction 11-13
Chapter 2 - Asset Management Systems Implementation A Catalyst for Life-Cycle Cost 14-19
Chapter 3 - Procurement Best Practices and TCO Implementation at Airports 20-29
Chapter 4 - Incorporating Sustainability into Life-Cycle Costs in Airport Procurement 30-36
Chapter 5 - Building Information Modeling in the Asset Management Life Cycle 37-48
Chapter 6 - O&M Ready Connecting Life-Cycle Elements 49-52
Chapter 7 - Asset Commissioning and Turnover Process 53-55
Chapter 8 - Case Studies 56-83
Chapter 9 - Total Cost of Ownership Tool 84-89
Chapter 10 - Procurement Best Practices Implementation 90-95
Chapter 11 - Asset Management Future at Airports 96-97
Chapter 12 - Final Words 98-98
Abbreviations, Acronyms, and Initialisms 99-100
Glossary 101-115
References 116-116
Appendix A1 - Excerpts from a GTAA Bid Package 117-180
Appendix A2 - GTAA Testing, Commissioning, Acceptance, and Turnover Standard 181-223
Appendix B - Example of Contract-Specific Requirements for the Design of Key Infrastructure for Network Rail 224-225
Appendix C - TCO Tool User s Manual 226-242

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Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement (2017)

Chapter: Front Matter

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Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement (2017)

Chapter: Front Matter