Common use of Property Management Standards Clause in Contracts

Property Management Standards. The grantee shall maintain a property management system that, at a minimum, meets the requirements of 2 CFR §215.34(f). Because of increasing threats to information technology systems, the grantee is reminded that, under 2 CFR sections 215.34.(f). (4) and (5), "[a] control system shall be in effect to insure adequate safeguards to prevent loss, damage, or theft of the equipment" and "[a]dequate maintenance procedures shall be implemented to keep the equipment in good condition." This requirement imposes on the grantee 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 grantee shall maintain a property management system that, at a minimum, meets the requirements of 2 CFR §215.34(f§ 200.313(d). Because of increasing threats to information technology systems, the grantee is reminded that, under 2 CFR sections 215.34.(f). (4§§ 200.313(d)(3) and (54), "[a] control system shall must be in effect developed to insure ensure adequate safeguards to prevent loss, damage, or theft of the equipmentproperty" and "[a]dequate maintenance procedures shall must be implemented developed to keep the equipment property in good condition." This requirement imposes on the grantee 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 grantee shall maintain a property management system that, at a minimum, meets the requirements of 2 CFR §215.34(f). Because of increasing threats to information technology systems, the grantee is reminded that, under 2 CFR sections 215.34.(f)215.34.f. (4) and (5), "[a] control system shall be in effect to insure adequate safeguards to prevent loss, damage, or theft of the equipment" and "[a]dequate maintenance procedures shall be implemented to keep the equipment in good condition." This requirement imposes on the grantee 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 grantee shall maintain a property management system that, at a minimum, meets the requirements of 2 CFR §§ 215.34(f). Because of increasing threats to information technology systems, the grantee is reminded that, under 2 CFR sections 215.34.(f). (4) and (5), "[a] control system shall be in effect to insure adequate safeguards to prevent loss, damage, or theft of the equipment" and "[a]dequate maintenance procedures shall be implemented to keep the equipment in good condition." This requirement imposes on the grantee 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.