Operations: Activities related to normal performance of the functions for which a building is used (i.e., utilities, janitorial services, waste treatment).
Maintenance: The act of keeping fixed assets in acceptable condition. It includes preventive maintenance, normal repairs, replacement of parts and structural components, and other activities needed to preserve the asset so that it continues to provide acceptable services and achieves its expected life. Maintenance excludes activities aimed at expanding the capacity of an asset or otherwise upgrading it to serve needs different from, or significantly greater than, those originally intended.
Deferred Maintenance: Renewal, replacement, and maintenance projects that have been postponed because of perceived lower priority status than those completed with available funding.
Maintenance by Replacement: When maintenance costs in a facility are approaching or exceed the replacement value of a building, maintenance is accomplished through the replacement of the facility.
Capital Renewal & Replacement: A systematic management process to plan and budget for known cyclic repair and replacement requirements that extend the life and retain usable condition of facilities and systems and are not normally contained in the annual maintenance budget.
Capital Development: Remodeling, site, utility projects or a new facility construction cost of $300,000 or more.