Common use of Asset Management Plan Clause in Contracts

Asset Management Plan. The Contractor shall refer to the Federal Transit Administration’s (FTA) Final Rules, 49 CFR Parts 625 and 630. The Contractor shall provide a narrative of how it plans to collect and record asset data and must provide a sample data collection format in a spreadsheet (such as Microsoft Excel) to the Project Manager within three (3) months of the Notice to Proceed. This information shall be reviewed and approved by the Project Manager; such review by the Project Manager is for content only and not for accuracy, and the format by which the Contractor shall provide all asset data for the Project. The Project Manager will provide the Contractor the starting asset number; the Contractor shall utilize the same number format and apply number tags to assets in sequential order. The Contractor shall ensure all number tags are of durable plastic material and shall have the number as well as bar code to the tag number. A sample tag is shown below: NJ TRANSIT ASSET No. xxxxxxxxx [Bar Code] The Contractor shall provide asset data as described; all maintainable assets shall be grouped in the following Asset Class with parent/child relationship: i. Facilities ii. Infrastructure Systems iii. Revenue Rolling Stock

Appears in 3 contracts

Sources: Contract, Contract, Contract