Common use of Inventory Requirements Clause in Contracts

Inventory Requirements. (a) In the event that title to equipment is vested in the Federal Government, such property shall be marked, tagged or segregated in such a manner as to indicate clearly its ownership by the government. In accordance with the requirements of 2 CFR § 200.312(a), for all NSF-owned equipment having an original acquisition cost of $5,000 or more, the awardee must submit an annual inventory report by NSF award number of such property to the NSF Property Administrator, Division of Administrative Services (DAS). The report should include all NSF owned equipment purchased or constructed, including land and buildings, under the award or acquired by screening excess through the General Services Administration (GSA); and include the type of equipment or property, serial number, acquisition price, acquisition date and condition of the equipment. In the event that the awardee is in possession of NSF-owned equipment under multiple awards, the reporting must be specific to each NSF award number. The report also should include a description of Construction-in-Progress (CIP) and Work-in-Progress (WIP) items and construction costs incurred to date. CIP is defined as real property that is in the process of being manufactured or fabricated but is not yet complete. WIP is defined as equipment that is in the process of being manufactured or fabricated but is not yet complete. CIP and WIP consist of the costs of direct materials, direct labor, direct purchased services, and indirect costs, including general and administrative and overhead costs. Costs coded as such should not be depreciated. The inventory should be submitted electronically to xxxxxx@xxx.xxx and must be received by DAS no later than August 15 each year. (b) A physical inventory of NSF-owned equipment shall be conducted every two years pursuant to 2 CFR § 200.313(d)(2). At the end of the award, the awardee shall report the property to the Property Section for further agency utilization (See AAG Chapter IV.D.5).

Inventory Requirements. (a) In the event that title to equipment is vested in the Federal Government, such property shall be marked, tagged or segregated in such a manner as to indicate clearly its ownership by the government. In accordance with the requirements of 2 CFR § 200.312(a), for all NSF-owned equipment having an original acquisition cost of $5,000 or more, the awardee grantee must submit an annual inventory report by NSF award grant number of such property to the NSF Property Administrator, Division of Administrative Services (DAS). The report should include all NSF owned equipment purchased or constructed, including land and buildings, under the award grant or acquired by screening excess through the General Services Administration (GSA); and include the type of equipment or property, serial number, acquisition price, acquisition date and condition of the equipment. In the event that the awardee grantee is in possession of NSF-owned equipment under multiple awardsgrants, the reporting must be specific to each NSF award grant number. The report also should include a description of Construction-in-Progress (CIP) and Work-in-Progress (WIP) items and construction costs incurred to date. CIP is defined as real property that is in the process of being manufactured or fabricated but is not yet complete. WIP is defined as equipment that is in the process of being manufactured or fabricated but is not yet complete. CIP and WIP consist of the costs of direct materials, direct labor, direct purchased services, and indirect costs, including general and administrative and overhead costs. Costs coded as such should not be depreciated. The inventory should be submitted electronically to xxxxxx@xxx.xxx and must be received by DAS no later than August 15 each year. (b) A physical inventory of NSF-owned equipment shall be conducted every two years pursuant to 2 CFR § 200.313(d)(2). At the end of the awardgrant, the awardee grantee shall report the property to the Property Section for further agency utilization (See AAG Chapter IV.D.5).

Inventory Requirements. (a) In the event that title to equipment is vested in the Federal Government, such property shall be marked, tagged or segregated in such a manner as to indicate clearly its ownership by the government. In accordance with the requirements of 2 CFR § 200.312(a), for all NSF-owned equipment having an original acquisition cost of $5,000 or more, the awardee must submit an annual inventory report by NSF award number of such property to the NSF Property Administrator, Division of Administrative Services (DAS). The report should include all NSF owned equipment purchased or constructed, including land and buildings, under the award or acquired by screening excess through the General Services Administration (GSA); and include the type of equipment or property, serial number, acquisition price, acquisition date and condition of the equipment. In the event that the awardee is in possession of NSF-owned equipment under multiple awards, the reporting must be specific to each NSF award number. The report also should include a description of Construction-in-Progress (CIP) and Work-in-Progress (WIP) items and construction costs incurred to date. CIP is defined as real property that is in the process of being manufactured or fabricated but is not yet complete. WIP is defined as equipment that is in the process of being manufactured or fabricated but is not yet complete. CIP and WIP consist of the costs of direct materials, direct labor, direct purchased services, services and indirect costs, including general and administrative and overhead costs. Costs coded as such should not be depreciated. The inventory should be submitted electronically to xxxxxx@xxx.xxx and must be received by DAS no later than August 15 each year. (b) A physical inventory of NSF-owned equipment shall be conducted every two years pursuant to 2 CFR § 200.313(d)(2). At the end of the award, the awardee shall report the property to the Property Section for further agency utilization (See AAG PAPPG Chapter IV.D.5IX.D.5).

Inventory Requirements. (a) In the event that title to equipment is vested in the Federal Government, such property shall be marked, tagged or segregated in such a manner as to indicate clearly its ownership by the government. In accordance with the requirements of 2 CFR § 200.312(a), for all NSF-owned equipment having an original acquisition cost of $5,000 or more, the awardee must submit an annual inventory report by NSF award number of such property to the NSF Property Administrator, Division of Administrative Services (DAS). The report should include all NSF owned equipment purchased or constructed, including land and buildings, under the award or acquired by screening excess through the General Services Administration (GSA); and include the type of equipment or property, serial number, acquisition price, acquisition date and condition of the equipment. In the event that the awardee grantee is in possession of NSF-owned equipment under multiple awards, the reporting must be specific to each NSF award number. The report also should include a description of Construction-in-Progress (CIP) and Work-in-Progress (WIP) items and construction costs incurred to date. CIP is defined as real property that is in the process of being manufactured or fabricated but is not yet complete. WIP is defined as equipment that is in the process of being manufactured or fabricated but is not yet complete. CIP and WIP consist of the costs of direct materials, direct labor, direct purchased services, and indirect costs, including general and administrative and overhead costs. Costs coded as such should not be depreciated. The inventory should be submitted electronically to xxxxxx@xxx.xxx and must be received by DAS no later than August 15 each year. (b) A physical inventory of NSF-owned equipment shall be conducted every two years pursuant to 2 CFR § 200.313(d)(2). At the end of the award, the awardee shall report the property to the Property Section for further agency utilization (See AAG Chapter IV.D.5).

Inventory Requirements. (a) In the event that title to equipment is vested in the Federal Government, such property shall be marked, tagged or segregated in such a manner as to indicate clearly its ownership by the government. In accordance with the requirements of 2 CFR § 200.312(a), for all NSF-NSF- owned equipment having an original acquisition cost of $5,000 or more, the awardee must submit an annual inventory report by NSF award number of such property to the NSF Property Administrator, Division of Administrative Services (DAS). The report should include all NSF owned equipment purchased or constructed, including land and buildings, under the award or acquired by screening excess through the General Services Administration (GSA); and include the type of equipment or property, serial number, acquisition price, acquisition date and condition of the equipment. In the event that the awardee is in possession of NSF-owned equipment under multiple awards, the reporting must be specific to each NSF award number. The report also should include a description of Construction-in-Progress (CIP) and Work-in-in- Progress (WIP) items and construction costs incurred to date. CIP is defined as real property that is in the process of being manufactured or fabricated but is not yet complete. WIP is defined as equipment that is in the process of being manufactured or fabricated but is not yet complete. CIP and WIP consist of the costs of direct materials, direct labor, direct purchased services, services and indirect costs, including general and administrative and overhead costs. Costs coded as such should not be depreciated. The inventory should be submitted electronically to xxxxxx@xxx.xxx and must be received by DAS no later than August 15 each year. (b) A physical inventory of NSF-owned equipment shall be conducted every two years pursuant to 2 CFR § 200.313(d)(2). At the end of the award, the awardee shall report the property to the Property Section for further agency utilization (See AAG PAPPG Chapter IV.D.5IX.D.4).