Disposition instructions are requested from the agency by Sponsored Projects Services, as required under the contract. If the equipment used on a terminating contract has been authorized for use in a follow-on contract, the requirement for a final inventory may be waived by the government Property Administrator. The federal regulations and requirements cited in the property management system policy and procedures apply only to property acquired with government funds, to federally titled property, and to equipment furnished by the government in support of contract performance or of a grant or cooperative agreement research program. Acquisition Date - Date on the University purchase order or similar University document authorizing the purchase of capital equipment, services or material. Agency - Entity, i.e., organization, corporation, foundation, person, from which the University derives sponsor support through contracts or grants.
Award includes grants, cooperative agreements, purchase orders, as well as contracts.
Component Parts - Items which are not complete in themselves and thus are not separately inventoried. Component parts are capitalized or expensed according to the Property Control System policies. Contract - An agreement that includes grants, cooperative agreements, and purchase orders, as well as contracts with sponsors. Contractor - The Arizona Board of Regents. Contracting Officer - The duly authorized individual delegated by appropriate sponsor authority to enter into a contract, and thereafter, administer the contract, on behalf of the Federal government or other sponsor.