Asset Condition Score definition

Asset Condition Score means the score (from one to five) assigned by Maintenance Contractor following Maintenance Contractor’s Audit Inspection, which records, for each Maintenance Element, Component and overall, for all of the Auditable Sections audited in any quarter, the extent to which Maintenance Contractor has met the Baseline Condition Score thresholds for each measurement record according to the criteria set forth in Exhibit 16 to the Comprehensive Maintenance Agreement.
View Source
Asset Condition Score means the score (from one to five) assigned by Maintenance Contractor following Maintenance Contractor’s Audit Inspection, which records, for each Maintained Element and for all of the Auditable Sections audited in any quarter, the extent to which Maintenance Contractor has met the Target for each measurement record according to the criteria set forth in Section 0250 of Exhibit 2. Auditable Section shall mean a defined section of the Project for the purpose of audit, inspection and measurement during performance of the Maintenance Services. An Auditable Section includes all travel lanes including mainlanes, ramps and frontage roads of the roadway operating in one direction over a length of 0.1 miles in length, together with all Maintained Elements of the Project associated with such 0.1 mile length. Audit Inspection shall mean a detailed inspection of the specified proportion of Auditable Sections undertaken quarterly by Maintenance Contractor as part of the Maintenance Services in accordance with Section 0240 of Exhibit 2 to establish an Asset Condition Score for each Maintained Element and verify compliance with the Performance Requirements. Authorized Representative(s) shall have the meaning set forth in Section 18.5.1 of the Comprehensive Maintenance Agreement. Base Index shall have the meaning set forth in Section 8.1.3(a) of the Comprehensive Maintenance Agreement. Business Day(s) shall mean day(s) on which TxDOT is officially open for business.
View Source

Examples of Asset Condition Score in a sentence

  • At the expiration of the Maintenance Term or any earlier termination of this Capital Maintenance Agreement, Maintenance Contractor shall ensure and certify that the Maintenance Elements meet the Asset Condition Score requirements.

  • Consequently, Maintenance Contractor agrees to pay TxDOT the following sums of money as deemed compensation to TxDOT resulting from Maintenance Contractor’s failure to meet the performance requirements herein as evidenced by the Asset Condition Score.

  • At the expiration of the Maintenance Term or any earlier termination of the CMA, Maintenance Contractor shall ensure and certify that the Maintenance Elements meet the Asset Condition Score requirements.

  • At the expiration of the Maintenance Term or any earlier termination of this CMA, Maintenance Contractor shall ensure and certify that the Maintenance Elements meet the Asset Condition Score requirements.

  • Condition Score is a component of Asset Condition Score for Element Category “Pavement”, but Pavement Condition Score shall also be reported annually for the entire Project.

  • Liquidated Damages for Asset Condition Score shall have the meaning set forth in Section 12.4.2 of the Capital Maintenance Agreement.

  • Reference 7.5 of Attachment 1 is hereby amended to clarify that the quarterly audit Asset Condition Score requirement applies to each Element Category, consistent with the provisions in Table 19.7.2-1 of the FCA Technical Requirements.