Property Control Ledger/Logs. The Vendor shall maintain a property control ledger/log that lists all property and/or furniture provided (whether leased or purchased) by CHFS with funds from this contract. As items are procured, a copy of the information that follows must be provided immediately to the CHFS Agency Property Officer such that a bar-coded Asset Tag can be assigned for all items with a cost of $500 or more. The Vendor shall immediately affix the tag provided to the corresponding property.
Property Control Ledger/Logs. The Contractor shall maintain a property control ledger/log that lists all equipment and/or property provided (whether leased or purchased) by CHFS with funds from this Contract. As items are procured, a copy of the information that follows must be provided immediately to the CHFS Agency Property Officer such that a bar-coded Asset Tag and/or Federally Funded labels can be assigned for all items with a cost of $500.00 or greater. The Contractor shall immediately affix the asset tag, property label or Federal label provided to the corresponding equipment or property. The property control ledger/log shall include the following information:
Property Control Ledger/Logs. The Second Party shall maintain a property control ledger/log that lists all property and/or furniture provided (whether leased or purchased) by CHFS with funds from this agreement. As items are procured, a copy of the information that follows must be provided immediately to the CHFS Department Property Officer such that a property tag can be assigned for all items with a cost of $500 or more. The second party shall immediately affix the tag provided to the corresponding property. CHFS Property Tag Number; Equipment serial number; Full Description of the item including make, model, color, etc.; Unit invoice to include all cost (i.e upgrades to the item such as additional computer memory purchased); Date of purchase and/or lease; Location where the equipment and furniture are located, include full address and state building number when applicable; and Name of individual responsible for the equipment. Once tagged and upon receipt of the following information for all items purchased, the Cabinet’s first party will secure insurance coverage for the item. If the second party fails to report the required information, loss of the item will be at their expense. If there is a change to the information above during the course of this agreement, a CHFS 117 is required to be submitted to the CHFS Department Property Officer.
