(a) The private party will (at its own cost) maintain and refurbish the facility in accordance with an asset management plan in order to meet the Services Specifications (including ensuring that the assets achieve their full working life).
(b) If an asset management plan is used, it must provide for all preventative maintenance, lifecycle repair and asset management, replacement and refurbishment necessary during the operating phase to ensure delivery of the Contracted Services to the Services Specifications (including, where relevant, handing the asset back to government in the necessary handover condition). The private party should update the asset management plan regularly to take into account all approved modifications, together with improvements in best practice and technology and any other matters relevant to the maintenance of the project assets.
(c) Although the private party may be given some flexibility to vary its asset management plan, it will be limited to the extent necessary to ensure the private party can continue to meet its contractual obligations throughout the contract term. For example, the private party may be permitted to defer scheduled refurbishment works for a limited period.