First, The government must have an asset management system that (1) keeps an up-to-date inventory of eligible infrastructure assets; (2) performs condition assessments of those eligible infrastructure assets at least every three years, using a consistent measurement scale; and (3) estimates each year the annual amount to maintain and preserve those assets at the condition level established and disclosed by the government. Second, the government must document that the eligible infrastructure assets are being maintained at a level at or above the condition level established and disclosed by the government.
First, The government must have an asset management system that (1) keeps an up-to-date inventory of eligible infrastructure assets; (2) performs condition assessments of those eligible infrastructure assets at least every three years, using a consistent measurement scale; and (3) estimates each year the annual amount to maintain and preserve those assets at the condition level established and disclosed by the government.
ReplyDeleteSecond, the government must document that the eligible infrastructure assets are being maintained at a level at or above the condition level established and disclosed by the government.