Purposes of Condition Assessments

• Primary:
  • Serve as physical inventory for the asset
    
    
  • Show accomplishment (elimination of previously identified maintenance work)
    
    
  • Inform its valuation by determining the deferred maintenance deduction to be applied to the "raw" replacement value.
    
    
  • These are primarily financial upward reporting functions to allow the agency to adequately respond to requests for information and oversight