Asset Management Plan. The Recipient will develop and implement an Asset Management Plan prior to December 31, 2016.
Asset Management Plan. The transit asset management plan prepared in accordance with 49 U.S.C. §5326 and certified by the department. The plan includes, at a minimum, capital asset inventories and condition assessments, decision support tools, and investment prioritization.
Asset Management Plan. The Contractor shall refer to the Federal Transit Administration’s (FTA) Final Rules, 49 CFR Parts 625 and 630. The Contractor shall provide a narrative of how it plans to collect and record asset data and must provide a sample data collection format in a spreadsheet (such as Microsoft Excel) to the Project Manager within three (3) months of the Notice to Proceed. This information shall be reviewed and approved by the Project Manager; such review by the Project Manager is for content only and not for accuracy, and the format by which the Contractor shall provide all asset data for the Project. The Project Manager will provide the Contractor the starting asset number; the Contractor shall utilize the same number format and apply number tags to assets in sequential order. The Contractor shall ensure all number tags are of durable plastic material and shall have the number as well as bar code to the tag number. A sample tag is shown below: NJ TRANSIT ASSET No. xxxxxxxxx [Bar Code] The Contractor shall provide asset data as described; all maintainable assets shall be grouped in the following Asset Class with parent/child relationship:
Asset Management Plan. The first paragraph of section 5.10 (Asset Management Plan) of Schedule 2 is deleted in its entirety and is replaced with the following: The Operator shall develop an Asset Management Plan as required by the New Jersey Water Quality Accountability Act to support the long-term sustainability of the Water Supply System and the Sewer Collection System by helping the City make informed decisions on when it is most appropriate to repair, replace, or rehabilitate particular assets and by developing a long-term funding strategy.
Asset Management Plan. The Florida Administrative Code (F.A.C.) requires recipients of Construction Grants for Small Community Wastewater Facilities to develop and implement an Asset Management Plan. Grants under chapter 62-505.300(1)(d), F.A.C.: Are available at the construction phase of a Project only if the Local Government adopts and implements, prior to the final disbursement of the associated State Revolving Fund construction loan, an Asset Management Plan that meets all requirements of subsection 62-503.700(7), F.A.C. The Asset Management Plan shall include, at a minimum, the following elements: i) an inventory of all the assets within the Local Government’s system; ii) an evaluation of the current age, condition, and anticipated useful life of each asset; iii) the current value of the assets; iv) the cost to operate and maintain all assets; v) a capital improvement plan based on a survey of industry standards, life expectancy, life cycle analysis, and remaining useful life; vi) an analysis of funding needs; vii) an analysis of population growth and wastewater or stormwater flow projections, as applicable, for the sponsor’s planning area, and a model, if applicable, for impact fees; commercial, industrial and residential rate structures; industrial pretreatment fees and parameters; viii) the establishment of an adequate funding rate structure; ix) a threshold rate set to ensure the proper operation of the utility (if the sponsor transfers any of the utility proceeds to other funds, the rates must be set higher than the threshold rate to facilitate the transfer and proper operation of the utility); and x) a plan to preserve the assets, as well as the renewal, replacement, and repair of the assets as necessary (such plan should incorporate a risk-benefit analysis to determine the optimum renewal or replacement time). Failure to adopt and implement such an Asset Management Plan prior to the final disbursement of the associated State Revolving Fund construction loan will reduce the Construction Grant percentage to 0%.
Asset Management Plan. 11.1 It is agreed by the Operator that ongoing maintenance, refurbishment and renewal of railway rolling stock, appropriate maintenance of Infrastructure and maintenance of and provision of appropriate station facilities needs to be made to maintain and improve existing service quality and passenger comfort. The Operator shall, following consultation with Greater Wellington maintain over the currency of this Agreement, an Asset Management Plan. The Operator shall carry out, in accordance with the Asset Management Plan, those works committed in the first 5 year period.
Asset Management Plan. The Concessionaire must:
Asset Management Plan. The Port Manager must:
Asset Management Plan. 8.1 Asset management plan to include: An asset management plan (“Asset Management Plan”) is prepared and published in accordance with Clause 7 of the Electricity Information Disclosure Requirements 2008.
Asset Management Plan. The Authority shall keep and maintain, as the basis for the CIP, an inventory of its durable and capital assets, together with an ongoing accounting of its depreciation status and anticipated remaining useful life and anticipated replacement cost, to be called its asset management plan (AMP). The depreciation status and probable replacement cost shall be updated annually as part of the budget process; assets shall be added or removed from the list upon their acquisition or surplusing.
