AZ TPT Glossary

TPT Tool Terms & Definitions

the upkeep of property or equipment.
an activity that returns real property to a usable state from a partial or total state of inoperability or nonfunctionality.
the removal of one component or system of existing property or tangible personal property installed in existing property, including machinery or equipment, and the installation of a new component or system or new tangible personal property, including machinery and equipment, that provides the same or upgraded design or functionality, regardless of the contract amount.
an activity or action that causes a direct physical change to existing property.

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