{"id":1975,"date":"2021-01-20T16:21:17","date_gmt":"2021-01-20T16:21:17","guid":{"rendered":"https:\/\/swefc.unm.edu\/iamf\/?page_id=1975"},"modified":"2026-03-12T21:33:11","modified_gmt":"2026-03-12T21:33:11","slug":"current-state-of-assets-type-of-inventory-information-to-collect-cost","status":"publish","type":"page","link":"https:\/\/swefc.unm.edu\/iamf\/current-state-of-assets-type-of-inventory-information-to-collect-cost\/","title":{"rendered":"Current State of Assets \/ Type of Inventory Information to Collect \/ Cost"},"content":{"rendered":"

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Cost<\/h2>\n

<\/span><\/h4>\n

<\/span><\/h4>\n

As part of a complete asset inventory and\u00a0to\u00a0support\u00a0effective\u00a0management decisions about assets, such as when to continue to repair an asset versus when to replace an asset,\u00a0utility staff need to understand the estimated replacement cost of each\u00a0asset.\u00a0Other chapters in this guide detail how to estimate the cost of an asset over the course of its life, but for the purposes of developing an asset inventory, consider\u00a0included an estimated total expense for replacement that includes information such as:<\/span>\u00a0<\/span><\/p>\n

    <\/ul>\n

     <\/p>\n

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      \n
    • \n
        \n
      • \n
          \n
        • initial\u00a0costs\u00a0(if known)<\/span>\u00a0<\/span><\/li>\n
        • operation and maintenance costs<\/span>\u00a0<\/span><\/li>\n
        • repair costs<\/span>\u00a0<\/span><\/li>\n
        • rehabilitation costs<\/span>\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

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          Additional\u00a0costs such as fines or legal fees associated with an asset failure can be included if they are\u00a0known\u00a0and the inventory program\u00a0provides space for it; however, it is not necessary for a complete asset inventory.\u00a0<\/span>\u00a0<\/span><\/p>\n

          If your utility is\u00a0unsure of the costs of assets, you can explore other communities that have completed similar projects, review industry-standard cost guides, or use the\u00a0initial\u00a0cost of\u00a0the asset and forecast its cost using inflation calculators.<\/span>\u00a0<\/span><\/p>\n

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          Cost As part of a complete asset inventory and\u00a0to\u00a0support\u00a0effective\u00a0management decisions about assets, such as when to continue to repair an asset versus when to replace an asset,\u00a0utility staff need to understand the estimated replacement cost of each\u00a0asset.\u00a0Other chapters in this guide detail how to estimate the cost of an asset over the course of its life, but for the purposes of developing an asset inventory, consider\u00a0included an estimated total expense for replacement that includes information such as:\u00a0   initial\u00a0costs\u00a0(if known)\u00a0 operation and maintenance costs\u00a0 repair costs\u00a0 rehabilitation costs\u00a0 Additional\u00a0costs such as fines or legal fees associated with an asset failure can be included if they are\u00a0known\u00a0and the inventory program\u00a0provides space for it; however, it is not necessary for a complete asset inventory.\u00a0\u00a0 If your utility is\u00a0unsure of the costs of assets, you can explore other communities that have completed similar projects, review industry-standard cost guides, or use the\u00a0initial\u00a0cost of\u00a0the asset and forecast its cost using inflation calculators.\u00a0<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-1975","page","type-page","status-publish","hentry"],"yoast_head":"\nCurrent State of Assets \/ Type of Inventory Information to Collect \/ Cost - Integrated Asset Management Framework<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/swefc.unm.edu\/iamf\/current-state-of-assets-type-of-inventory-information-to-collect-cost\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Current State of Assets \/ Type of Inventory Information to Collect \/ Cost - Integrated Asset Management Framework\" \/>\n<meta property=\"og:description\" content=\"Cost As part of a complete asset inventory and\u00a0to\u00a0support\u00a0effective\u00a0management decisions about assets, such as when to continue to repair an asset versus when to replace an asset,\u00a0utility staff need to understand the estimated replacement cost of each\u00a0asset.\u00a0Other chapters in this guide detail how to estimate the cost of an asset over the course of its life, but for the purposes of developing an asset inventory, consider\u00a0included an estimated total expense for replacement that includes information such as:\u00a0   initial\u00a0costs\u00a0(if known)\u00a0 operation and maintenance costs\u00a0 repair costs\u00a0 rehabilitation costs\u00a0 Additional\u00a0costs such as fines or legal fees associated with an asset failure can be included if they are\u00a0known\u00a0and the inventory program\u00a0provides space for it; 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