Download Asset Management Process Facility Condition

is desirable that condition assessment surveys be based on generally accepted methods and
standards consistently applied. (Accounting for Property, Plant, and Equipment 11/30/97.)
Construction: The erection, installation, of a new or replacement facility, or an addition in area,
volume, or both to an existing facility. (NASA Facilities Mgmt 10/94)
Construction Project: A facility project relating to the erection, installation, or assembly of a
new facility, replacement facility, or an addition in area, volume, or both to an existing facility.
(NASA Facilities Mgmt 10/94)
Contracting Officer: Any person who, by appointment in accordance with procedures
prescribed by the Procurement Regulation (see appendix C. reference 36, Part 1, Subpart 4),
has the authority to enter into and administer contracts and make determinations and findings
with respect thereto, or has any part of such authority. (NASA Facilities Mgmt 10/94)
Contractor: The supplier of the end item and associated support items to the Government
under the terms of a specific contract. (NASA Facilities Mgmt 10/94)
Contracts: All types of agreements and orders for the procurement of supplies or services.
Includes awards and notices of award; contracts of a fixed price, cost, cost-plus-a-fixed-fee, or
incentive type; contracts providing for the issuance of job orders, task orders, or task letters
thereunder; letter contracts; and purchase orders. It also includes supplemental agreements
with respect to any of the foregoing. (NASA Facilities Mgmt 10/94)
Corrective Action: This is the first step in the cost estimating process because it breaks down
the best method for remediating a deficiency.
Corrective Action Priority: Once the corrective action has been determined, its priority level
(critical, serious, minor) must be determined and recorded in the condition assessment work
order.
Corrective Maintenance: Unscheduled reactive repairs that would not be estimated and
planned, but accomplished by local staff or existing service contractors. Note: Not part of the
condition assessment process, but a facility maintenance function relating to service calls.
(AME, 2003), DO-80, draft 2004
Cost Estimate: An educated guess of what an item would cost to repair or replace. The
estimate is based on previous experience with like assets in similar condition and/or developed
using a cost estimating program. (Condition Assessment Incident Command, Facility Needs
Assessment Section 03/01)
Cost Estimating Software System (CESS) (Timberline™ Precision Estimating Tool): A software
program used as a tool to assist in determining the cost of repairing identified asset
deficiencies.
FCAS Student Manual
June 2006
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