Common use of Equipment Management Clause in Contracts

Equipment Management. All equipment purchased with funds obtained through this Agreement must be managed in accordance with 2 CFR 200.313. This includes, but is not limited to: • Maintaining records of the property that includes description of the equipment, title, cost, grant award contribution, and identifiable information; • Conducting inventory of equipment at least every two years; • A control system developed to adequately safeguard property; • Proper maintenance of the equipment; and • Disposal of equipment in accordance with federal and state law.

Equipment Management. All equipment purchased with funds obtained through this Agreement must be managed in accordance with 2 CFR 200.313. This includes, but is not limited to: • Maintaining records of the property that includes description of the equipment, title, cost, grant award contribution, and identifiable information; • Conducting inventory of equipment at least every two yearstwoyears; • A control system developed to adequately safeguard propertysafeguardproperty; • Proper maintenance of the equipment; and • Disposal of equipment in accordance with federal and state law.