Aging Water Infrastructure Drives Greater Use of Asset Management, According to New McGraw-Hill Construction Study

 Aging Water Infrastructure Drives Greater Use of Asset Management, According
                    to New McGraw-Hill Construction Study

PR Newswire

NEW YORK, Jan. 17, 2013

NEW YORK, Jan. 17, 2013 /PRNewswire/ --Utilities are concerned about the
state of their infrastructure, and these concerns are driving a need for
greater use of asset management practices, according to preliminary findings
released today by McGraw-Hill Construction at the U.S. Conference of Mayors
winter meeting in Washington, DC.

Initial results from the study developed in partnership with CH2M HILL, "Water
Infrastructure Asset Management: Adopting Best Practices to Enable Better
Investments," indicate that 75% of utilities practicing asset management
report that aging infrastructure is an important factor in their decision to
adopt this approach, and 42% began asset management practices because of the
need to increase the reliability of their infrastructure systems.

Scott Haskins, Director, Technology, Quality & Innovation, CH2M HILL
underscores why these are important drivers for asset management. "Adoption of
asset management practices by utilities throughout the U.S. and other
countries, is saving ratepayers money, improving system reliability and
reducing risk, and helping utilities increase service levels. These practices
can be adopted by other infrastructure intensive organizations, such as
transit departments, roads, and facility departments, as well as ports and
airports."

"The study also shows that once utilities adopt asset management practices,
they more greatly value its ability to allow them to understand and better
conduct business; 80% consider the fact that asset management allows them to
better explain and defend their budgets and investment decisions to governing
bodies, a valuable benefit of adopting the program," said Harvey Bernstein,
Vice President of Industry Insights and Alliances with McGraw-Hill
Construction, "In addition, 67% report that asset management allows them to
have a better focus on their priorities. Both of these benefits can be
attributed to the greater focus on data, risk assessment and lifecycle
evaluation associated with asset management decision making."

One surprising finding of the study is that utilities using a high level of
asset management practices trend toward higher levels of planned rate
increases by 2017.

The survey also assesses the adoption and evaluation of 14 leading asset
management practices, with implementation of technology and data practices as
well as strategy and performance measurement ranking high in effectiveness.

The 2013 Water Infrastructure Asset Management study, prepared by McGraw-Hill
Construction in partnership with CH2M HILL, was completed in conjunction with
five industry associations who reviewed the survey and distributed it to their
members: American Public Works Association, American Water Works Association,
National Association of Clean Water Agencies, National Association of Water
Companies and Water Environment Federation. The study included 451
respondents from the U.S. and Canada, from utilities ranging from those
serving a minimum population of 3,300 to a population of over 500,000.

For more key findings from the 2013 Water Infrastructure Asset Management
study, visit
http://analyticsstore.construction.com/index.php/2013-water-infrastructure-asset-management-key-research-findings-2-pager.html.

About McGraw-Hill Construction:
McGraw-Hill Construction's data, analytics, and media businesses — Dodge,
Sweets, Architectural Record, GreenSource, and Engineering News-Record —
create opportunities for owners, architects, engineers, contractors, building
product manufacturers, and distributors to strengthen their market position,
size their markets, prioritize prospects, and target and build relationships
that will win more business. McGraw-Hill Construction serves more than one
million customers through its trends and forecasts, industry news, and leading
platform of construction data, benchmarks, and analytics. To learn more, visit
www.construction.com.

About The McGraw-Hill Companies:
The McGraw-Hill Companies (NYSE: MHP), a financial intelligence and education
company, signed an agreement to sell its McGraw-Hill Education business to
investment funds affiliated with Apollo Global Management, LLC in November
2012. Following the sale closing, expected in early 2013, the Company will be
renamed McGraw Hill Financial (subject to shareholder approval) and will be a
powerhouse in benchmarks, content and analytics for the global capital and
commodity markets. The Company's leading brands will include: Standard &
Poor's, S&P Capital IQ, S&P Dow Jones Indices, Platts, Crisil, J.D. Power and
Associates, McGraw-Hill Construction and Aviation Week. The Company will have
approximately 17,000 employees in more than 30 countries. Additional
information is available at http://www.mcgraw-hill.com.

About CH2M HILL:
Headquartered near Denver, Colo., employee-owned CH2M HILL is a global leader
in consulting, design, design-build, operations, and program management for
government, civil, industrial and energy clients. The firm's work is
concentrated in the areas of water, transportation, environmental, energy,
facilities and resources. With US$6.4 billion in revenue and 30,000 employees,
CH2M HILL is an industry-leading program management, construction management
and design firm, as ranked by Engineering News-Record and named a leader in
sustainable engineering by Verdantix. The firm has been named a FORTUNE 100
Best Companies to Work For five times and was named Water Company of the Year
at the 2012 Global Water Awards. Visit us at www.ch2mhill.com,
www.ch2mhillblogs.com/water, twitter.com/ch2mhilland facebook.com/ch2mhill.

Media Contacts:

Kathy Malangone, Senior Director, Marketing Communications,
McGraw-Hill Construction, +1 212-904-4376, kathy_malangone@mcgraw-hill.com

Susan Mays, Vice President, Marketing & Strategic Initiatives, CH2M HILL, +1
303-330-1033, Susan.Mays@CH2M.com

SOURCE McGraw-Hill Construction

Website: http://www.construction.com
 
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