Asset Maintenance definition

Asset Maintenance means the keeping of an asset register for all M&E equipment (assets), plus the maintenance, installation, commissioning, decommissioning and disposal of such equipment.
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Asset Maintenance means the regular activities conducted to keep an asset functioning in its intended state. Maintenance activities are not capital investments.
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Examples of Asset Maintenance in a sentence

  • A technical proposal and a sealed price proposal submitted by each Asset Maintenance Contract Bidder.

  • Package to be provided to Asset Maintenance Contract Bidders defining requirements of the contract and the functions and responsibilities of the Contractor and Department.

  • If the Department prematurely terminates any existing contract, the Department will compensate the Asset Maintenance Contractor for assuming the unanticipated workload remaining on the terminated contract.

  • Respondents shall comply with all the terms of the Asset Maintenance Agreement attached to this Order and made a part hereof as Appendix I.

  • For inclusion with each Asset Maintenance Compliance Certificate delivered pursuant to Section 9.1(d)(iii) (for the second and fourth fiscal quarters of the Guarantor or more frequently at the Facility Agent's option upon and during the continuation of a Default or an Event of Default), and in any event upon the reasonable request of the Facility Agent, the Borrower shall obtain appraisals of the Fair Market Value of the Vessel.

  • The Public Works Department currently has licenses to use Lucity Asset Maintenance Management Software (AMMS) as part of the existing contract.

  • Compliance Procedures for Asset Maintenance Tests.....................................19 Section 2.10.

  • If the Department prematurely terminates any existing contract, the Department will compensate the Asset Maintenance Contractor, in accordance with Performance Based Contracting Procedure, for assuming the unanticipated workload remaining on the terminated contract.

  • As an alternate to being an employee of a pre-qualified firm, the Asset Maintenance Contractor’s Engineer of Record may be a Department-approved Specialty Engineer.

  • Standard Asset Maintenance Specifications General Requirements and Covenants (Scope of Services Attachment I) 5.