This invention relates to an automated method and system for forming and implementing a performance-based logistic contract through managing the maintenance an item of equipment in accordance with a maintenance plan. Embodiments of the present invention include a method and system for maintaining an item of equipment supports the provision of predictive maintenance in a manner which eliminates or reduces downtime of the equipment. The method includes tracking performance data on the equipment or a particular component of the equipment. At least one required maintenance activity is predicted based upon the performance data with respect to a defined performance standard. Performance of the required maintenance activity is scheduled at a defined respective time based upon the prediction.