Construction of Equipment
Component parts or modules with an individual cost of less than $3,000 should be inventoried
when they are acquired to build a piece of equipment which is expected to have an
aggregate cost of $3,000 or more. If the total constructed cost of the asset is $500.00
or more and the constructed item is a controlled item as listed in 15.1.3 it too should
be reported to Property Control for the purpose of being inventoried. Items with a
cost exceeding $3,000 may be combined with other items to form a system when determined
to be an integral/internal part of the system being constructed. Multiple items already
tagged can be combined to make one inventoried asset when the multiple items are installed
into one item (Example: multiple inventoried hard drives installed into one server).
Reason for policy
This policy shows how to track property owned by or in the possession of UGA and to
comply with state and federal guidelines.