Asset Management in Public Infrastructure in the USA Can BIM lead the way
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Asset Management in Public Infrastructure The $20 trillion US economy heavily relies on a vast public infrastructure network from public transport to bridges to electrical grids, water carriage systems, and more. The country saw a historical movement in November 2021 when the government announced a commitment of hundreds of billions of dollars toward building new infrastructure. However, the existing infrastructure is rather overstretched and needs maintenance to be able to support ongoing needs. The report Well Maintained: Economic Benefits from more Reliable and Resilient Infrastructure published by The World Bank in May 2021 effectively documents how good and timely infrastructure maintenance boosts prosperity, enabling growth and well-being of people, firms, and economic systems. Estimating (just) the direct costs imposed on firms in low- and middle-income countries, sales losses due to power outages amount to $82 billion a year; disruptions to the water supply in...