Florida's Turnpike Enterprise Asset Management Tool Wins ...


18 Νοε 2013 (πριν από 4 χρόνια και 5 μήνες)

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Secretary of Transportation

For Immediate Release

April 13
, 2007


Chad Huff or


Florida’s Turnpike Enterprise Asset Management T

Wins Prestigious FPEI Governor’s New Product Award

Orlando, FL

In a ceremony in Tallahassee
April 11
, the Florida Engineering Society and Florida
Institute of Consulting Engineers awarded Florida’s Turnpike Enterprise the prestigious 2007
’s New Product Award for the
Turnpike Enterprise Asset Management System


The Governor’s New Product Award is given annually to a Florida
developed product, machine,
process, or material that stimulates the life and growth of Florida industry. Aw
ards are based on the
product’s economic impact, innovation, creativity, its potential to save time and money and ability to
improve efficiency and productivity, as well as the technology used.

TEAMS is a web
based management tool designed to identify an
d prioritize transportation project
needs throughout the Turnpike Enterprise’s entire toll highway network. The TEAMS comprehensive
database includes an inventory of all Turnpike assets, layered with reporting and on
line mapping

“A primary

function of TEAMS is to protect Turnpike bondholders by improving forecasting for
capital and periodic maintenance expenditures,” said William Thorpe, Florida’s Turnpike Enterprise’s
Chief Financial Officer. “Infrastructure maintenance accounts for a lar
ge portion of the Turnpike’s
operations. TEAMS saves the Turnpike money which, in turn, contributes to greater operating
efficiencies for the state of Florida and the people who live here.”

Built with a web
type graphical user interface, TEAMS enables en
gineers and budget managers to
generate accurate renewal and replacement forecasts, identify optimal asset maintenance funding
levels, and reap both short

and long
term savings, while meeting the Government Accounting
Standards Board Statement 34 require


Page 2


Florida’s Turnpike Enterprise Asset Management Tool Wins Prestigious FPEI Governor’s New Product Award

The database contains roadway condition data and renewal/replacement prediction information. It
enables quick assessment o
f the asset conditions and provides a method to forecast and prioritize
periodic and capital expenditures. All Turnpike Enterprise personnel have access to TEAMS from
their desktop computers through the Turnpike intranet.

Florida’s Turnpike Enterprise i
s a component of Florida’s Intrastate Highway System, operating 460
miles of owned roadway and providing toll operations services on an additional 146 miles. Motorists
travel nearly 18 million miles per day on the FTE system, generating over $700 million

in revenues

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