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Deferred Maintenance Reporting for Federal Facilities Meeting the Requirements of Federal Accounting Standards Advisory Board Standard Number 6, as Amended (2001) / Chapter Skim
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Pages 24-24

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From page 24...
... CONDITION ASSESSMENT SURVEYS FASAB Standard Number 6, as amended, defines condition assessments as 'periodic inspections of PP&E to determine their current condition and estimated cost to correct any deficiencies." Elsewhere, condition assessments have been defined as the "process of systematically evaluating an organization's capital assets in order to project repair, renewal, or replacement needs that will sunnort the mission or activities they were designed to serve" (Rugless, 1993~. ~ , O wonton assessment surveys, as the name implies, are effective for determining the current condition of a facility and its components and in identifying deficiencies.
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Key Terms

  • condition assessment
  • repair cost
  • assessment surveys
  • condition assessments
  • fasab standard

  • comprehensive condition
  • assessment survey
  • facility assessment
  • assessment programs
  • survey programs

  • federal facilities
  • repair costs
  • current condition
  • capital maintenance
  • staff constraints

  • implemented comprehensive
  • surveys provide
  • time consuming
  • detailed inspection
  • included detailed

  • minor construction
  • stewardship study
  • identifying deficiencies
  • defines condition
  • multiple levels

  • trained personnel
  • utilize trained
  • inspector training
  • capital assets


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