Equipment Inventory: OT has established guidelines for inventorying capital equipment, and maintains an Equipment Asset Inventory for all grant-funded capital equipment valued in excess of $5,000. Local transportation agencies should maintain an internal equipment inventory which includes all capital equipment, whether grant-funded or paid for larger agencies, an automated electronic inventory may be used. with other funds. In Asset Condition Rating and Remaining Useful Life: ASSET CONDITION MEASUREMENT EXAMPLE- Table 1 Asset Criteria and Scoring System vehicles and facilities – Asset Asset Age Asset Asset Level of Asset Condition Rating Rating Condition Performance Maintenance Score Percent of (Quality, Level (Reliability, Level of PM Rating Scoring Useful Life of Required Ambience, and CM Description range Remaining Maintenance) Safety) 5 Asset new or Asset new or like Asset meets or Only routine Excellent 4.5 to nearly new new; no visible exceeds all PM needed. 5.0 defects performance and reliability metrics, industry standards 4 Asset just Asset showing Asset Good working Good 4.0 to under new minimal signs of generally order; requires 4.5 or nearly wear; some slight meets infrequent CM new defects or performance (more than 6 deterioration and reliability months metrics, between industry repairs) standards 3 Asset Some moderately Occasional Requires Adequate 3.0 to nearing or at defective or performance frequent minor 3.9 its midlife deteriorated and reliability CM or point components issues; may be infrequent > 6 sub-standard mos. major in some areas CMs 2 Asset Increasing Performance Requires Marginal 2.0 to nearing or at number of and reliability frequent CM 2.9 end of its defects; problems (less than 6 useful life deteriorating becoming months components; more serious; between growing sub-standard repairs) maintenance elements needs 1 Asset is past Asset in need of Frequent Continued use Poor 1.0 to useful life replacement; may performance present 1.9 have critically and reliability excessive CM damaged problems; costs and components does not meet potential industry service standards interruption 0 Asset Asset Asset Asset Asset PM- preventative maintenance and CM corrective maintenance (repairs) –
Equipment Inventory: OT has established guidelines for inventorying capital equipment, and maintains an Equipment Asset Inventory for all grant-funded capital equipment valued in excess of $5,000. Local transportation agencies should maintain an internal equipment inventory which includes all capital equipment, whether grant-funded or paid for with other funds. In larger agencies, an automated electronic inventory may be used. Asset Condition Rating and Remaining Useful Life: ASSET CONDITION MEASUREMENT EXAMPLE- Table 1 Asset Criteria and Scoring System – vehicles and facilities Asset Rating Score Asset Age Asset Condition Asset Performance Level of Maintenance Asset Condition Rating Percent of Useful Life Remaining (Quality, Level of Required Maintenance) (Reliability, Ambience, Safety) Level of PM and CM Rating Description Scoring range 5 Asset new or nearly new Asset new or like new; no visible defects Asset meets or exceeds all performance and reliability metrics, industry standards Only routine PM needed. Excellent 4.5 to 5.0 4 Asset just under new or nearly new Asset showing minimal signs of wear; some slight defects or deterioration Asset generally meets performance and reliability metrics, industry standards Good working order; requires infrequent CM (more than 6 months between repairs) Good 4.0 to 4.5 3 Asset nearing or at its midlife point Some moderately defective or deteriorated components Occasional performance and reliability issues; may be sub-standard in some areas Requires frequent minor CM or infrequent > 6 mos. major CMs Adequate 3.0 to 3.9 2 Asset nearing or at end of its useful life Increasing number of defects; deteriorating components; growing maintenance needs Performance and reliability problems becoming more serious; sub-standard elements Requires frequent CM (less than 6 months between repairs) Marginal 2.0 to 2.9 1 Asset is past useful life Asset in need of replacement; may have critically damaged components Frequent performance and reliability problems; does not meet industry standards Continued use present excessive CM costs and potential service interruption Poor 1.0 to 1.9 0 Asset Asset Asset Asset Asset PM- preventative maintenance and CM – corrective maintenance (repairs)
5339-SMP-Final.docx