Common use of Property Management Standards Clause in Contracts

Property Management Standards. The awardee shall maintain a property management system that, at a minimum, meets the requirements of 2 CFR § 200.313(d). Because of increasing threats to information technology systems, the awardee is reminded that, under 2 CFR §§ 200.313(d)(3) and (4), "[a] control system must be developed to ensure adequate safeguards to prevent loss, damage, or theft of the property" and "[a]dequate maintenance procedures must be developed to keep the property in good condition." This requirement imposes on the awardee a duty to adequately maintain and to insure adequate safeguards against the loss, damage, or theft of information technology equipment and systems purchased with NSF funds.

Property Management Standards. The awardee shall maintain a property management system that, at a minimum, meets the requirements of 2 CFR § 200.313(d215.34(f). Because of increasing threats to information technology systems, the awardee is reminded that, under 2 CFR §§ 200.313(d)(3sections 215.34.(f). (4) and (45), "[a] control system must shall be developed in effect to ensure insure adequate safeguards to prevent loss, damage, or theft of the propertyequipment" and "[a]dequate maintenance procedures must shall be developed implemented to keep the property equipment in good condition." This requirement imposes on the awardee a duty to adequately maintain and to insure adequate safeguards against the loss, damage, or theft of information technology equipment and systems purchased with NSF funds.

Property Management Standards. The awardee shall maintain a property management system that, at a minimum, meets the requirements of 2 CFR § §200.313(d). Because of increasing threats to information technology systems, the awardee is reminded that, under 2 CFR §§ §200.313(d)(3) and (4), "[a] control system must be developed to ensure adequate safeguards to prevent loss, damage, or theft of the property" and "[a]dequate maintenance procedures must be developed to keep the property in good condition." This requirement imposes on the awardee a duty to adequately maintain and to insure adequate safeguards against the loss, damage, or theft of information technology equipment and systems purchased with NSF funds.