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Asset Management Plan

BID #: BLMD2302
ISSUED: 9/1/2023
DUE: TBD
VALUE: $460,000
100
Rating

Risk Rank

Green Risk

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Executive Summary

The Borough of Bloomingdale's water system Asset Management Plan (AMP) aims to optimize asset performance by integrating economic, engineering, management, social, and environmental factors. The primary goal is to provide recommendations for operating assets, mitigating risks of failure, and ensuring cost-effective asset management to improve the long-term sustainability and quality of the Borough's water supply system. The scope of the AMP focuses on the prioritized replacement of existing infrastructure, and the plan was developed to comply with the New Jersey Water Quality Accountability Act (WQAA), requiring a 150-year replacement cycle for water mains and a maintenance and replacement program for water supply and treatment facilities.

Detailed Risk Breakdown

local preference

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performance bond

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liquidated damages

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Timeline

First Discovered

Apr 1, 2026

Last Info Update

Apr 1, 2026

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Asset Management Plan — Bloomingdale | MuniBidder