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

Property Inventory and Protection of Assets. ‌ Contractor shall maintain an inventory of equipment, supplies defined as controlled assets, and property described in the Other Intangible Property section of Article XIII and submit an annual cumulative report of the equipment and other property on Contractor’s Property Inventory Report to the Department’s Contract Oversight and Support Section, Mail Code 1326, X.X. Xxx 000000, Xxxxxx, Xxxxx 00000-0000, no later than October 15th of each year. The report is located on the DSHS website at xxxx://xxx.xxxx.xxxxx.xx.xx/contracts/forms.shtm. Contractor shall maintain, repair, and protect assets under this Contract to assure their full availability and usefulness. If Contractor is indemnified, reimbursed, or otherwise compensated for any loss of, destruction of, or damage to the assets provided or obtained under this Contract, Contractor shall use the proceeds to repair or replace those assets.

Property Inventory and Protection of Assets. ‌ Contractor shall maintain an inventory of equipment, supplies defined as controlled assets, and property described in Section 14.06 of the Other Intangible Property section of Article XIII General Provisions and submit an annual cumulative report of the equipment and other property on Contractor’s Property Inventory Report to the Department’s Contract Oversight and Support Section, Mail Code 1326, X.X. Xxx 000000, Xxxxxx, Xxxxx 00000-0000, no later than October 15th of each year. The report is located on the DSHS website at at: xxxx://xxx.xxxx.xxxxx.xx.xx/contracts/forms.shtm. Contractor shall maintain, repair, and protect assets under this Contract to assure their full availability and usefulness. If Contractor is indemnified, reimbursed, or otherwise compensated for any loss of, destruction of, or damage to the assets provided or obtained under this Contract, Contractor shall use the proceeds to repair or replace those assets.

Property Inventory and Protection of Assets. ‌ Contractor shall maintain an inventory of equipment, ,supplies defined as controlled assets, and property described in the Other Intangible Property section of Article XIII and submit an annual cumulative report of the equipment and other property on Form GC-11 (Contractor’s Property Inventory Report Report) to the Department’s Contract Oversight and Support Section, Mail Code 1326, X.X. Xxx 000000, Xxxxxx, Xxxxx 00000-0000, no later than October 15th of each year. The report is located on the DSHS website at xxxx://xxx.xxxx.xxxxx.xx.xx/contracts/forms.shtm. Contractor shall maintain, repair, and protect assets under this Contract to assure their full availability and usefulness. If Contractor is indemnified, reimbursed, or otherwise compensated for any loss of, destruction of, or damage to the assets provided or obtained under this Contract, Contractor shall use the proceeds to repair or replace those assets.