SMART contracting for information: Ensuring precision in complex asset management

SMART contracting for information
Share:

By Rob Bodington, Technical Fellow at Eurostep


At Eurostep, we have developed our ShareAspace software to consolidate engineering data from diverse sources to create and maintain a digital thread of product information. Our goal? To enable through-life support of complex assets like ships, submarines, power generators, and cars from cradle to grave.

Inevitably such engineering data is authored in a multitude of different systems owned by different stakeholders in the extended enterprise.  Apart from the obvious technical challenges of consolidating often conflicting data into a digital thread, a perhaps more significant challenge is managing the intellectual property implicit in the data and the necessity to establish appropriate commercial frameworks to allow rightful access to the information.

The data dilemma in complex asset handover

When a complex asset is transferred to an operator, the operator must have access to the product data essential for its continued support and operation. Unfortunately, provision of and access to this data is often not explicitly called out when contracting for the asset. If the product data is contracted, the contracts often lack the specificity required to ensure that the data provided is both comprehensive and usable. Typically, these contracts include broad statements such as “all product data must be delivered in accordance with ISO 10303-239, S3000L, or other relevant standards.” While these standards set a foundation, the language used is frequently too vague, leading to ambiguity and potential conflicts down the line.

Key questions to consider when contracting for data:

  • Scope and specificity: Does the contract clearly define the scope of data requested?
  • Intellectual property: Does the contract express who owns the Intellectual Property of the data and the conditions of use?
  • Semantic clarity: Are the semantics within the standard clear and unambiguous, ensuring all parties have the same understanding?
  • Reference data: Does the standard explicitly mandate the necessary reference data, such as quantities, units, and part properties?
  • Validation and format: Is there a specified data exchange format against which the data can be validated?

The SMART approach to contracting for information

To address these challenges, we advocate for a SMART approach to contracting for information. This approach draws inspiration from the SMART criteria often applied in requirements management. and is tailored specifically for the needs of data management in complex asset support.

S – Semantics:
Define the semantics of the data requirements clearly and unambiguously. This ensures that everyone involved—suppliers, operators, and maintainers—has a shared understanding of what is being asked for.

M – Measurable:
Set enforceable data quality KPIs within the contract. These metrics should be specific, quantifiable, and directly tied to the success of the asset’s operational lifecycle.

A – Accurate:
Provide a precise and detailed specification of the information required. Ambiguity in data requirements can lead to costly misunderstandings and inefficiencies.

R – Reasoned:
Request only what is necessary. Over-specifying data can lead to information overload, making it harder to extract actionable insights and increasing the cost of data management.

T – Timely:
State explicitly when the data is needed. Data delivered at the end of a contract may be too late to influence critical support solution development, which is often an integral part of product development.

Driving up data quality with SMART contracts

By adopting a SMART approach to contracting for information, we can significantly enhance data quality, leading to a reduction in through-life costs and improving the overall efficiency of asset management. Precision in contracting is not just about legal or commercial safeguards; it’s about ensuring that the right data, in the right format, is available at the right time, enabling operators to maintain complex assets effectively and efficiently throughout their lifecycle.

At Eurostep, we believe that being SMART about contracting for information is not just a best practice—it’s a necessity in today’s complex engineering landscape. As we continue to develop and refine our ShareAspace software, our commitment remains to provide solutions that not only meet the technical demands of our clients but also address the critical commercial and intellectual property challenges that come with managing complex assets.

Watch our latest webinars

Stay informed and learn with ease!

Learn more

Moving beyond documents
Many companies invest in digital engineering and model-based approaches to stay competitive. Organisations recognise the limitations of relying solely on documents when securely sharing critical product data. Documents are often ...
The data-driven revolution in construction projects – From chaos to clarity
We often hear about data being “the new oil.” But in our experience, asset data isn’t just a valuable resource—it’s the foundation for smarter, more sustainable projects. Data describing your ...
A product data-centric solution for complex supply chains
In today's interconnected landscape, managing product data across multiple systems, partners, and suppliers is crucial for maintaining a competitive edge, especially within complex, high-stakes industries. Eurostep’s ShareAspace platform provides a ...
Enabling the digital thread with ShareAspace
A Digital Thread is for Life – Not Just Manufacturing
Implementing the digital thread and digital twin with PLCS The Digital Thread is a communication framework that connects traditionally siloed elements in manufacturing processes and provides an integrated view of ...
Webinar: Mastering asset data for complex AEC&Plant projects
Unlock the full potential of your asset data In industries like Architecture, Engineering, and Construction (AEC) and plant management, handling vast amounts of asset data can be challenging: siloed and ...
Eurostep joins the Swedish Security & Defence Industry Association (SOFF)
Eurostep is proud to announce its membership with the Swedish Security & Defence Industry Association (SOFF). This partnership is a significant milestone in our ongoing mission to support the defence ...
Webinar: Unlocking the value of Data-Driven Collaboration in complex assets
Join us for a 30-minute session where Magnus Färneland, Director of Industry Vertical Manufacturing at Eurostep, shares recent developments in supply chain collaboration and data management. Using real-world examples from ...
Building the Digital Thread: Is your data quality ready?
The modern industrial landscape is increasingly reliant on digital transformation, and at the heart of this transformation lies the digital thread—a communication framework that enables the seamless flow of data ...
Heliple 2 Research Project Demonstration | Eurostep, IBM, KTH, Saab, Volvo Cars
Welcome to the Heliple 2 research project results demonstration, showcasing Eurostep's collaboration with key partners such as IBM, KTH, Linxwork, Saab Aeronautics, and Volvo Cars. This video presents a detailed ...
SMART contracting for information: Ensuring precision in complex asset management
By Rob Bodington, Technical Fellow at Eurostep At Eurostep, we have developed our ShareAspace software to consolidate engineering data from diverse sources to create and maintain a digital thread of ...
Webinar: Securing your product data supply chain in the defence industry
The defence industry faces increasing demands for faster, cost-effective, and integrated solutions. Complex platforms require seamless collaboration across the supply chain—from design and manufacturing to maintenance and support. Join Simon ...
Digital Twins need Digital Threads for success
In the race toward digital transformation, the fusion of Digital Twins and Digital Threads is the secret to turning data into actionable insights and real-world impact. While often mentioned together, ...
Optimizing product data sharing across systems and enterprises
In today’s fast-paced, global marketplace, the ability to efficiently manage and share product data across multiple systems and enterprise boundaries is crucial. For organizations that work with complex supply chains, ...
Efficient Asset Information Management
Discover how Eurostep's ShareAspace platform revolutionizes Asset Information Management (AIM), driving efficiency in AEC and EPC industries. This comprehensive commentary by CIMdata delves into the critical role of secure, collaborative ...
Navigating digital waters: Supporting your journey toward Maritime 4.0
From Concept to Ship Design Through Operations and Maintenance Are you ready to navigate the waves of digital transformation in the Maritime industry? This in-depth commentary written by CIMdata sheds ...
Eurostep’s ShareAspace speeds trusted collaboration in the automotive industry
Discover how Eurostep's ShareAspace is transforming the way the automotive industry collaborates by enabling fast, secure, and efficient data exchange between companies, partners, and suppliers. As electric vehicles (EVs) gain ...
Webinar: Take your Engineering Collaboration to a safe place
The path to protected, productive external collaborations. In the competitive climate in which we currently develop and deliver our products, we encounter scenarios involving life-long partners that may also be ...
Digital Thread in Aerospace and Defense eBook
Explore the power of the Digital Thread in Aerospace & Defense The aerospace and defence (A&D) industries are on the brink of a digital revolution. As products become increasingly complex ...
Configuration Management: How OSLC and STEP can “play nicely”
This recording from the Heliple 2 project webinar series describes the different approaches to configuration management used by OSLC and STEP, and the implications for each approach when linking to ...
Webinar: Strategies for effective design change recording in multifaceted defence systems
From documentation to implementation The ability to efficiently manage and record design changes across complex systems and assets has become crucial for maintaining operational readiness and strategic advantage in the ...
Moving beyond documents
Many companies invest in digital engineering and model-based approaches to stay competitive. Organisations recognise the limitations of relying solely on documents when securely sharing critical product data. Documents are often ...
The data-driven revolution in construction projects – From chaos to clarity
We often hear about data being “the new oil.” But in our experience, asset data isn’t just a valuable resource—it’s the foundation for smarter, more sustainable projects. Data describing your ...
A product data-centric solution for complex supply chains
In today's interconnected landscape, managing product data across multiple systems, partners, and suppliers is crucial for maintaining a competitive edge, especially within complex, high-stakes industries. Eurostep’s ShareAspace platform provides a ...
Enabling the digital thread with ShareAspace
A Digital Thread is for Life – Not Just Manufacturing
Implementing the digital thread and digital twin with PLCS The Digital Thread is a communication framework that connects traditionally siloed elements in manufacturing processes and provides an integrated view of ...
Webinar: Mastering asset data for complex AEC&Plant projects
Unlock the full potential of your asset data In industries like Architecture, Engineering, and Construction (AEC) and plant management, handling vast amounts of asset data can be challenging: siloed and ...
Eurostep joins the Swedish Security & Defence Industry Association (SOFF)
Eurostep is proud to announce its membership with the Swedish Security & Defence Industry Association (SOFF). This partnership is a significant milestone in our ongoing mission to support the defence ...
Webinar: Unlocking the value of Data-Driven Collaboration in complex assets
Join us for a 30-minute session where Magnus Färneland, Director of Industry Vertical Manufacturing at Eurostep, shares recent developments in supply chain collaboration and data management. Using real-world examples from ...
Building the Digital Thread: Is your data quality ready?
The modern industrial landscape is increasingly reliant on digital transformation, and at the heart of this transformation lies the digital thread—a communication framework that enables the seamless flow of data ...
Heliple 2 Research Project Demonstration | Eurostep, IBM, KTH, Saab, Volvo Cars
Welcome to the Heliple 2 research project results demonstration, showcasing Eurostep's collaboration with key partners such as IBM, KTH, Linxwork, Saab Aeronautics, and Volvo Cars. This video presents a detailed ...