Independent Evaluator Services Contract Requires a Baseline Evaluation Assets are either Equipment or Structures Est. Replacement Value to be determined Service Life to be determined by Evaluator Evaluator to inflate Assets by CPI
Independent Evaluator Services Process to Remaining Service Life Process to determine Remaining Service LifeEquipment: a. Visual inspection b. Review instrumentation b. Review monitoring instrumentation c. Review repair and replacement records d. Consult with manufacture’s specifications
Independent Evaluator Services Manage Assets Structures – –Evaluator is to provide Functionality and Structural Evaluation – –Visual Inspection and Video Recording of the following: a.Buildings, earthwork, concrete, doors, hatches, stairwells, and windows b. All piping c.Structural components
Independent Evaluator Services Visual Inspection and Video Recording of the following (continued): d.Walkways, roads, and all paved areas. e.Fencing and outside yard lights. f.Finished systems such as paint, sealants and other finishes. g. Wet wells, sumps, and lids h. Floors and floor coverings, ceilings and roofs
Independent Evaluator Services Managed Assets Equipment - Critical Assets a. Perform diagnostic testing b. Perform vibration analysis c. Conduct tests on lubricants d. Test electrical motor circuits
Independent Evaluator Services Each Structure will be Rated Evaluator is to deliver report within 180 days Cost of evaluation to be split 50/50