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23

Decommission

The formal retirement of an asset from service, which may or may not include the actual physical removal of the asset from the premises

An example of an asset that is decommissioned but not removed from site is the old plumbing pipes that are sometimes left in the walls after a re-piping project. 

Decisions should consider the whole life of assets, including the I-P interval and the P-F interva
Fig. Decisions should consider the whole life of assets, including the I-P interval and the P-F interval.

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