Property Control System Manual (PCS)

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Effective: 1/1/1984

Revised: 7/1/2012

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PCS 602–06: Off-Site Inventories of Sponsor-Owned Property

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Purpose

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To establish a policy to schedule off-site property inventories for sponsor-owned property

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Source

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Federal Acquisition Regulation § 45.508
Property Control

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Applicability

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All sponsor-owned property

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Policy

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Sponsor-owned property allocated to ASU and existing at subcontractor facilities is inventoried annually.

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Procedure

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The sponsored property coordinator prepares and forwards the inventory listing to all facilities in custody of sponsor-owned property.

The facility with sponsor-owned property:

  1. reviews the ASU Property Control inventory listing
  2. attempts to locate property
  3. marks property as either Found, Not Found, or Deleted on the report

    and

  4. forwards the report to the sponsored property coordinator.

The sponsored property coordinator:

  1. reviews, reports, and resolves inventory discrepancies with the facility

    and

  2. reports the results to the sponsor and/or the cognizant property administrator.

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