Common use of Inventory Control System Clause in Contracts

Inventory Control System. The Service Provider shall maintain an inventory control system, as described in the Program Specifications, to track, control and account for all registration plates, and decals (collectively referred to as “RMV Assets”) distributed to its Permit Holders for use in the EVR Program. The Service Provider shall provide a written report of any inventory discrepancies or missing or unaccounted for RMV Assets to the RMV within 24 hours of the discovery of such inventory discrepancy, loss, or unaccountability of RMV Assets. In addition, the Service Provider shall provide and support the capability to periodically reconcile the inventoried RMV Assets, on at least a monthly basis or anytime a Permit Holder leaves the program, as described in the Program Specifications.

Inventory Control System. The Service Provider shall maintain an inventory control system, as described in the Program Specifications, to track, control and account for all registration plates, and decals (collectively referred to as “"RMV Assets”") distributed to its Permit Holders for use in the EVR Program. The Service Provider shall provide a written report of any inventory discrepancies or missing or unaccounted for RMV Assets to the RMV within 24 hours of the discovery of such inventory discrepancy, loss, loss or unaccountability of RMV Assets. In addition, the Service Provider shall provide and support the capability to periodically reconcile the inventoried RMV Assets, specifically the registration plates, on at least a monthly basis or anytime a Permit Holder leaves the program, as described in the Program Specifications.