Condition assessment is the process of evaluating the state or quality of an asset, such as a building, bridge, or piece of machinery. This evaluation helps identify any existing issues, potential risks, and the overall performance of the asset. It often involves visual inspections, testing, and analysis to gather data on the asset's condition. The results of a condition assessment inform maintenance and repair decisions, ensuring that assets remain safe and functional. By regularly conducting these assessments, organizations can extend the lifespan of their assets and optimize resource allocation for repairs and upgrades, ultimately saving time and money.