Common use of Property Inventory and Protection of Assets Clause in Contracts

Property Inventory and Protection of Assets. 1. Subrecipient shall inventory of equipment supplies defined as controlled assets, and property described in this Section annually and maintain a cumulative report of the equipment and other property on DSHS GC-11 Contractor’s Property Inventory Report form. 2. Subrecipient is responsible for maintenance and accuracy of this inventory and it shall be available for review upon System Agency request. The DSHS GC-11 Contractor’s Property Inventory Report form is located at: xxxx://xxx.xxxx.xxxxx.xx.xx/contracts/forms.shtm. 3. Subrecipient shall maintain, repair, and protect assets under this Contract to assure their full availability and usefulness. 4. If Subrecipient is indemnified, reimbursed, or otherwise compensated for any loss of, destruction of, or damage to the assets provided or obtained under this Contract, Subrecipient shall use the proceeds to repair or replace those assets.

Property Inventory and Protection of Assets. 1. Subrecipient shall inventory of equipment supplies defined as controlled assets, and property described in this Section annually and maintain a cumulative report of the equipment and other property on DSHS GC-11 Contractor’s Property Contracto operty Inventory Report form. 2. Subrecipient is responsible for maintenance and accuracy of this inventory and it shall be available for review upon System Agency request. The DSHS GC-11 Contractor’s Property Contracto operty Inventory Report form is located at: xxxx://xxx.xxxx.xxxxx.xx.xx/contracts/forms.shtm. 3. Subrecipient shall maintain, repair, and protect assets under this Contract to assure their full availability and usefulness. 4. If Subrecipient is indemnified, reimbursed, or otherwise compensated for any loss of, destruction of, or damage to the assets provided or obtained under this Contract, Subrecipient shall use the proceeds to repair or replace those assets.