Do you know the difference between an “inspection” and an “overhaul”? Does it matter? Well, depending upon the type of operations you conduct (e.g. under Part 91, 121, 125 or 135), yes, it does. In fact, the difference between the two may determine whether you have to perform a certain item of maintenance or not. And that could either cost, or save, you money.
The FAA recently issued a National Policy (Order 8900.410) clarifying inspection and overhaul requirements under Part 91. If you aren’t clear about the distinction between “inspection” and “overhaul”, in addition to reading the FAA’s Order, please read my latest article on the topic: What Is The Difference Between An “Inspection” And An “Overhaul”?.