TAM refers to the strategic and systemic practice of procuring, operating, inspecting, maintaining, rehabilitating, and replacing transit capital asset to manage their performance, risks and costs over their life cycles , for the purpose of providing safe, cost-effective, and reliable transportation. The purpose of TAM is to improve asset management practices in order to maintain a State of Good Repair.
As a group TAM Plan Sponsor, it is ODOT's requirement to develop a group TAM for its Tier II provider subrecipients. These agencies include all recipients of 5311 funds and open-door providers of 5310 funds. The Group Plan will include an inventory of capital assets, a condition assessment of inventoried assets, a decision support tool, and a prioritization of investments.