Common use of EQUIPMENT AND INSTRUMENTATION Clause in Contracts

EQUIPMENT AND INSTRUMENTATION. (A) Equipment is defined as an article of nonexpendable, tangible personal property having a useful life of at least two years and an acquisition cost of $1,000 or more per unit or a combined value of $1,000 for components which are assembled into a larger unit. An item that meets these criteria, but is permanently embedded or attached to pavement, structure or other infrastructure in such a way as to result in irreparable damage to the item itself or the article to which it is attached shall not be classified as equipment. (B) If equipment and instrumentation items exceeding $1,000 in accumulated cost have not been identified specifically in the proposal budget, written approval must be obtained from the Department prior to purchase of the item(s). (C) Title to all nonexpendable equipment and instrumentation items shall rest with the Department. Upon completion of this study, the Department will determine a final salvage value and disposition, subject to approval by the Federal Highway Administration. Equipment and instrumentation items may also be reclaimed from the project before the project completion date if it is determined by both parties that said items are no longer necessary to complete the project's work. (D) The Contractor will maintain a complete inventory listing of all nonexpendable equipment purchased or built for this project. The record for each piece of equipment will include the date acquired, total cost, and any other information necessary to identify and locate the property. An inventory listing shall be submitted to the Department at the time the first item of nonexpendable equipment or instrumentation is acquired or fabricated. This inventory shall be updated and resubmitted with the addition of subsequent items. This process of maintaining inventory shall occur as defined by the Research Manual. (E) The Department and the Federal Highway Administration shall have access to this equipment and records as may be required for the purpose of verification or disposition.

EQUIPMENT AND INSTRUMENTATION. (A) Equipment is defined as an article of nonexpendable, tangible personal property having a useful life of at least two years and an acquisition cost of $1,000 or more per unit or a combined value of $1,000 for components which are assembled into a larger unit. An item that meets these criteria, but is permanently embedded or attached to pavement, structure or other infrastructure in such a way as to result in irreparable damage to the item itself or the article to which it is attached shall not be classified as equipment. (B) If equipment and instrumentation items exceeding $1,000 in accumulated cost have not been identified specifically in the proposal budget, written approval must be obtained from the Department prior to purchase of the item(s). (C) Title to all nonexpendable equipment and instrumentation items shall rest with the Department. Upon completion of this study, the Department will determine a final salvage value and disposition, subject to approval by the Federal Highway Administration. Equipment and instrumentation items may also be reclaimed from the project before the project completion date if it is determined by both parties that said items are no longer necessary to complete the project's work. (D) The Contractor will maintain a complete inventory listing of all nonexpendable equipment purchased or built for this project. The record for each piece of equipment will include the date acquired, total cost, and any other information necessary to identify and locate the property. An inventory listing shall be submitted to the Department at the time the first item of nonexpendable equipment or instrumentation is acquired or fabricated. This inventory shall be updated and resubmitted with the addition of subsequent items. This process of maintaining inventory shall occur as defined by the Research Manual. (E) The Department and the Federal Highway Administration shall have access to this equipment and records as may be required for the purpose of verification or disposition.

EQUIPMENT AND INSTRUMENTATION. (A) Equipment is defined as an article of nonexpendable, tangible personal property having a useful life of at least two years and an acquisition cost of $1,000 or more per unit or a combined value of $1,000 for components which are assembled into a larger unit. An item that meets these criteria, but is permanently embedded or attached to pavement, structure or other infrastructure in such a as way as to result in irreparable damage to the item itself or the article to which it is attached shall not be classified as equipment. (B) If equipment and instrumentation items exceeding $1,000 in accumulated cost have not been identified specifically in the proposal budget, written approval must be obtained from the Department prior to purchase of the item(s). (C) Title to all nonexpendable equipment and instrumentation items shall rest with the Department. Upon completion of this study, the Department will determine a final salvage value and disposition, subject to approval by the Federal Highway Administration. Equipment and instrumentation items may also be reclaimed from the project before the project completion date if it is determined by both parties that said items are no longer necessary to complete the project's work. (D) The Contractor will maintain a complete inventory listing of all nonexpendable equipment purchased or built for this project. The record for each piece of equipment will include the date acquired, total cost, and any other information necessary to identify and locate the property. An inventory listing shall be submitted to the Department at the time the first item of nonexpendable equipment or instrumentation is acquired or fabricated. This inventory shall be updated and resubmitted with the addition of subsequent items. This process of maintaining inventory shall occur as defined by the Research Manual. (E) The Department and the Federal Highway Administration shall have access to this equipment and records as may be required for the purpose of verification or disposition.