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FIXED ASSETS DEPARTMENT 2025

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The document is a requisition and proposal from the Alabama State Port Authority (ASPA) for sealed bids to supply and install approximately 36 Bottleless Filtered Water Cooler Systems at various ASPA locations. It outlines the specifications, requirements for installation and maintenance, insurance obligations, and bidding procedures. The contract will last for one year with potential renewals, and bidders must comply with specific regulations including notarization for bids over $7,500. The document emphasizes the importance of adhering to submission guidelines and includes details on restricted facility access.

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What do you mean by fixed asset management?

Fixed asset management enables organizations to monitor equipment and vehicles, assess their condition, and keep them in good working order. In this way, they minimize lost inventory, equipment failures and downtime and improve an assets lifetime value.

What does asset management department do?

The goal of asset management is to maximize the value of an investment portfolio over time while maintaining an acceptable level of risk. Asset management is generally provided by specialized firms to individuals, government entities, corporations, and institutional investors.

What does fixed asset team do?

Fixed asset management is the process of tracking, monitoring, and overall managing the physical assets of a business. With this process comes the management of an assets maintenance protocols, inventory levels, and accounting.

What is the meaning of Fixed Asset Management?

Fixed asset management is the process of tracking, monitoring and maintaining an organizations physical assets and equipment. Organizations frequently use barcodes, QR codes, or RFID to help track their assets as they are easy to scan and to use with mobile devices.

What is asset management in simple words?

Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner (including all costs, risks, and performance attributes).

What is an example of a fixed asset?

Fixed assets include buildings, computer equipment, software, furniture, land, machinery, and vehicles. Companies can depreciate the value of these assets to account for wear and tear. Fixed assets commonly appear on a company balance sheet as property, plant, and equipment (PPE).

What is the role of a fixed asset manager?

Purpose. Responsible for creating and communicating key financial and business analysis/support to management on capital expenditure and depreciation trends. Requires technical accounting knowledge of the long-lived asset process, and leads the Fixed Asset department.

FIXED ASSETS DEPARTMENT 2025

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