Abstract: A process, system and computer program product for asset maintenance, performed by an asset management system which evaluates an expected operational life until maintenance on the asset is no longer economical, and determines a frequency and a scope of maintenance work for each asset over the expected remaining life of each asset, determines a cost of maintenance over the expected remaining life of each asset based on the frequency and scope of the maintenance work and operational factors, establishes a first maintenance agreement between an asset maintenance company and an asset owner, and a second maintenance agreement between the asset maintenance company and operator such that the maintenance agreements include the frequency, scope, and costs of maintenance work.

Abstract: A process, system and computer program product for asset maintenance, performed by an asset management system which evaluates an expected operational life until maintenance on the asset is no longer economical, and determines a frequency and a scope of maintenance work for each asset over the expected remaining life of each asset, determines a cost of maintenance over the expected remaining life of each asset based on the frequency and scope of the maintenance work and operational factors, establishes a first maintenance agreement between an asset maintenance company and an asset owner, and a second maintenance agreement between a maintenance company and operator such that the maintenance agreements include the frequency, scope, and costs of maintenance work.