Common use of Assets and Inventory Clause in Contracts

Assets and Inventory. 13.1. Assets purchased with Grant funding must only be used for delivery of the Funded Activities. 13.2. The Grant Recipient will ensure that a physical check of all Fixed and Programme Funded Assets takes place on at least an annual basis, establish and maintain an inventory of all Programme Funded Assets and provide it the Authority in line with Annex 3 (Payment and Reporting Schedule), and within 5 Working Days of being requested to do so. Where possible the Grant Recipient should undertake these checks directly. 13.3. For each entry in the inventory the following particulars must be shown where appropriate:

Assets and Inventory. ‌ 13.1. Assets purchased with Grant funding must only be used for delivery of the Funded Activities. 13.2. The Grant Recipient will ensure that a physical check of all Fixed and Programme Funded Assets takes place on at least an annual basis, establish and maintain an inventory of all Programme DHSC-RSTMH XXX Xxxxx Agreement 2023 - 2025 Funded Assets and provide it the Authority in line with Annex 3 (Payment and Reporting Schedule), and within 5 Working Days of being requested to do so. Where possible the Grant Recipient should undertake these checks directly. 13.3. For each entry in the inventory the following particulars must be shown where appropriate: