Common use of EQUIPMENT AND INSTRUMENTATION Clause in Contracts

EQUIPMENT AND INSTRUMENTATION. (A) Equipment is defined as an article of nonexpendable, tangible personal property having a useful life of at least two years and an acquisition cost of $1,000 or more per unit or a combined value of $1,000 for components which are assembled into a larger unit. An item that meets these criteria, but is permanently embedded or attached to pavement, structure or other infrastructure in such a way as to result in irreparable damage to the item itself or the article to which it is attached shall not be classified as equipment.

EQUIPMENT AND INSTRUMENTATION. (A) Equipment is defined as an article of nonexpendable, tangible personal property having a useful life of at least two years and an acquisition cost of $1,000 or more per unit or a combined value of $1,000 for components which are assembled into a larger unit. An item that meets these criteria, but is permanently embedded or attached to pavement, structure or other infrastructure in such a as way as to result in irreparable damage to the item itself or the article to which it is attached shall not be classified as equipment.