Includes bibliographical references (pages 189-193).

1. Introduction -- 2. A risk management framework for buried asset management -- 3. Placing buried asset management within a risk management framework -- 4. Consequence of failure for buried assets -- 5. Methods and data for estimating the consequences of failure -- 6. Consequence of failure data collection and empirical findings -- 7. Managing buried asset management-related risks -- 8. Condition assessment : an overview of logic and practices -- 9. Practical applications for water utility professionals -- 10. Conclusions -- Appendix A. Direct costs of repair borne by the utility -- Appendix B. Road repair costs -- Appendix C. Traffic disruption -- Appendix D. Residential and business water service outage costs -- Appendix E. Fish kills and other adverse environmental impacts -- Appendix F. Data collection workbook for the TBL CoF of water main breaks -- Appendix G. Additional information on condition assessment -- References.