Study about Operation and Maintenance Assessments
Typically, real property includes land and anything permanently affixed to it, such as buildings including their installed systems and building equipment, and is some cases, other installed equipment, roads and parking facilities, fences, utility systems, structures, etc. Real Property Inventory (RPI) is a record of an organization’s assets/real property. Real Property Asset Management (RPAM) is a program for collecting and maintaining a real property inventory.
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RPAM provides data to manage those assets and meet asset record and reporting requirements. RPAM provides the information necessary to formulate facility budgets, make decisions on facility replacement, identify repair costs, identify penalty costs, and improve the management of investments in Real Property assets, throughout the organization. The information provided by the RPAM program will help in the planning, programming, and budgeting processes. Keep reading….
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