Capital costs refer to the expenses incurred to acquire, upgrade, and maintain physical assets such as properties, industrial buildings, or equipment. Often, these costs are major, one-time expenses that have long-term benefits.
Refers to the state of a computer system or network being unavailable for use or out of service, typically due to malfunctions, maintenance, or testing.
Facilities Management involves the process of operating corporate- or government-owned property that is occupied and used for the corporation's or government's own purposes.
Maintenance refers to the necessary care and management of equipment and operations, involving the regular checking, servicing, and repairing of machinery to forestall total breakdowns and ensure the consistent performance of a system.
Manufacturing Overhead, also known as Production Overhead, includes all the indirect costs incurred in the production process that cannot be directly traced to the product or cost unit. These costs cover a wide range of expenses such as depreciation of machinery, factory rent, maintenance expenses, and utilities.
Property management involves the operation of real estate as a business, including activities such as rental, rent collection, maintenance, and numerous other tasks related to the ownership and oversight of properties.
A reserve fund in real estate refers to an account maintained to provide funds for anticipated expenditures required to maintain a building. It may also serve as an escrow to pay upcoming taxes and insurance costs.
A roundhouse is a building used for the maintenance, repair, and storage of railroad equipment, typically featuring a turntable for rotating locomotives to enter multiple stalls.
The expenditure incurred in order to carry out the operations of a fixed asset. Examples are power, maintenance, and consumable materials for a machine or fuel, oil, tires, and servicing for motor vehicles.
Servicing generally refers to the regular maintenance and routine repairs to equipment. In finance, servicing encompasses the act of billing, collecting payments, and filing reports on a loan. This process is crucial for maintaining the operational and financial stability of both physical assets and financial instruments.
Uptime refers to the period during which a machine or system is operational and functioning correctly, allowing workers to be productive and maintain business continuity.
Vacant property refers to real estate that is currently unoccupied and not being used, whether it is residential, commercial, or industrial. Such properties can present unique challenges and opportunities for owners and managers.
