PCS 602–01: Unscheduled Inventories of Equipment
To allow unscheduled inventories requested by sponsors or others
48 Code of Federal Regulations § 45
United States. Office of Management and Budget. OMB circulars A-21 and A-110
In addition to the required performance of equipment inventories every two years, unscheduled inventories may be performed. Contract or grant requirements may specify that inventories of sponsor-owned equipment be conducted more frequently than every two years. Also, a principal investigator, Property Control, or a state or federal official may request an inventory at any time.
|Note:||Some sponsors may classify items costing less than $5,000 as inventoriable equipment.|
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