Common use of Termination inventory Clause in Contracts

Termination inventory. (ii) The Contractor may annotate inventory disposal schedules to identify property the Contractor wishes to purchase from the Government. (iii) Unless the Plant Clearance Officer has agreed otherwise, or the contract requires electronic submission of inventory disposal schedules, the Contractor shall prepare separate inventory disposal schedules for— (A) Special test equipment with commercial components; (B) Special test equipment without commercial components; (C) Printing equipment; (D) Information technology (e.g., computers, computer components, peripheral equipment, and related equipment); (E) Precious metals in raw or bulk form; (F) Nonnuclear hazardous materials or hazardous wastes; or (G) Nuclear materials or nuclear wastes. (iv) The Contractor shall provide the information required by FAR 52.245-1(f)(1)(iii) along with the following: (A) Any additional information that may facilitate understanding of the property’s intended use. (B) For work-in-progress, the estimated percentage of completion. (C) For precious metals, the type of metal and estimated weight. (D) For hazardous material or property contaminated with hazardous material, the type of hazardous material. (E) For metals in mill product form, the form, shape, treatment, hardness, temper, specification (commercial or Government) and dimensions (thickness, width and length). (v) Property with the same description, condition code, and reporting location may be grouped in a single line item. (vi) Scrap should be reported by “lot” along with metal content, estimated weight and estimated value.

Termination inventory. (ii) The Contractor may annotate inventory disposal schedules to identify property the Contractor wishes to purchase from the Government. (iii) Unless the Plant Clearance Officer has agreed otherwise, or the contract requires electronic submission of inventory disposal schedules, the Contractor shall prepare separate inventory disposal schedules for— (A) Special test equipment with commercial components; (B) Special test equipment without commercial components; (C) Printing equipment; (D) Information technology (e.g., computers, computer components, peripheral equipment, and related equipment); (E) Precious metals in raw or bulk form; (F) Nonnuclear hazardous materials or hazardous wastes; or (G) Nuclear materials or nuclear wastes. (iv) The Contractor shall provide the information required by FAR 52.245-1(f)(1)(iii) along with the following: (A) Any additional information that may facilitate understanding of the property’s intended use. (B) For work-in-progress, the estimated percentage of completion. (C) For precious metals, the type of metal and estimated weight. (D) For hazardous material or property contaminated with hazardous material, the type of hazardous material. (E) For metals in mill product form, the form, shape, treatment, hardness, temper, specification (commercial or of Government) and dimensions (thickness, width and length). (v) Property with the same description, condition code, and reporting location may be grouped in a single line item. (vi) Scrap should be reported by “lot” along with metal content, estimated weight and estimated value.