deferred maintenance


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deferred maintenance

A physical deterioration of a property due to lack of periodic repairs, routine maintenance, and necessary replacements. Commenting that a property has deferred maintenance issues is a polite way of saying it appears shabby and needs work.
References in periodicals archive ?
Colgate is among the institutions that are making progress on deferred maintenance. "We're being very strategic about it," says Hutzley, whose school was named "America's most beautiful college campus" in 2014 by The Princeton Review--in part because of its historic stone buildings.
Though these sources of funding do not yet reduce the huge maintenance backlog to a level that keeps emergency response manageable, the predictable deferred maintenance money over the past three years has made a difference and offers hope for achieving the university's sustainment funding plan.
A study of EBCx projects is incomplete if it does not include the costs of all three of these areas: 1) operational commissioning, 2) modifications and retrofits, and 3) deferred maintenance. When presenting the costs of EBCx projects, the costs of site investigations including operational commissioning, energy efficiency measures, and correction of all deferred maintenance items should be included.
If budget planning does not allocate adequate funding, or the budget is cut midyear, an increase in deferred maintenance is inevitable.
The hurricanes' indirect effect will be felt when oil refineries that deferred maintenance shutdowns after Katrina and Rita are forced to shut in 2006.
I think some of what we've seen with Sarbanes-Oxley 404 implementation is, in fact, deferred maintenance on those systems.
* Deferred maintenance cost estimate (DM) -- FASAB recently has relied upon deferred maintenance as a tool to reflect the degree of unfunded liability due to an agency's under-funding of facilities maintenance and repair in their annual chief financial officer's reports.
3283 would provide agencies with a permanent source of funds to better address their maintenance backlog, and by making the program permanent, the act would provide agencies incentive to develop a system to track their deferred maintenance backlogs.
NPCA recently released a report, The Burgeoning Backlog, to draw attention to the growing backlog of deferred maintenance in America's national parks, estimated to be as much as $6.8 billion.
Markets for protective coatings, especially in the U.S., remained weak because of lackluster industrial demand and deferred maintenance of U.S.
While developing a 16-week college course on maintenance management in 2001, three significant new discoveries were made concerning the financial management of maintenance, and rules were created to cover them: the Inverse-Square Rule for Deferred Maintenance, the Effects of the Chaos Theory on Budgeting Maintenance, and the Cost to Improve Maintenance.