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Unbounded Asset

Those assets that are not regulated for safety, environmental protection, or other factors in the public interest. 

Unbounded assets may have the following attributes:

The primary examples of unbounded assets are the following:

  • Interior finishes
  • Exterior landscaping. 

Although an asset may not be bounded, the consequences of failure (CoF) may still be high and the owners may still need to adhere to the principals of non-discretionary maintenance.
Fig. Furniture and artwork are not bounded assets.

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