Which term describes the rules for settling equipment maintenance costs?

The term that describes the rules for settling equipment maintenance costs is known as "Settlement Rules." This term encompasses the guidelines and procedures by which maintenance costs are evaluated, agreed upon, and reimbursed. Settlement rules are essential in ensuring that both parties—typically the maintenance provider and the equipment owner—understand the financial responsibilities associated with maintenance services. These rules help manage expectations, clarify cost allocations, and provide a framework for resolving any disputes that might arise over maintenance costs.

In contrast, change orders relate to modifications in a contract or project scope, which are not specifically focused on cost settlements. A material bill of materials (BOM) is a comprehensive listing of materials required for manufacturing or maintenance tasks, but it does not address cost settlement directly. Individual Property Listings refer to inventories of property or equipment owned by an organization, which also do not pertain directly to cost settlement processes.