Effective management of transportation assets has become a critical function of transportation agencies. The Moving Ahead for Progress in the 21st Century Act (MAP-21), enacted in 2012, codified asset management principles into law, mandating all state departments of transportation (DOTs) to develop risk-based transportation asset management plans (TAMPs). This requirement was reaffirmed by the Fixing America's Surface Transportation Act (FAST Act) and the Infrastructure Investment and Jobs Act (IIJA) of 2021.
Even before MAP-21, the Colorado Department of Transportation (CDOT) embraced asset management as an important business practice for maintaining its assets in a state of good repair. Since 2011, CDOT asset managers have been working with the Asset Investment Management System (AIMs) to develop budget scenarios, forecast asset conditions and define the relationship between funding and performance. AIMS is a key component of CDOT's Transportation Asset Management (TAM) program.
For this Contract, CDOT, through its Performance and Asset Management Branch (PAMB) in its Division of Transportation Development (DTD), is contracting with X (Contractor), and associated subcontractors, who are tasked to assist CDOT's Performance and Asset Management Branch (PAMB) in maintaining, operating and furthering the development and analysis of CDOT asset models. This project will involve forecasting asset conditions, providing treatment recommendations and helping to develop budget recommendations. The Contractor will be working both remotely and on-site at CDOT headquarters.
