Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What happens to surplus/excess property?

excess happens Property surplus
0
Posted

What happens to surplus/excess property?

0

Our first priority is to re-issue surplus equipment at the facility. If that does not happen the equipment is reported to the National Institutes of Health (NIH)-Personal Property Services Division, so that it can be screened (for no longer than 20 days) by anyone connected to HHS. NIH screens the equipment for re-utilization. If no interest is expressed during the screening period the equipment is either placed in a sealed bid sale (open to the public) or deemed scrap and sold in a bulk lot. Sealed bid sales are conducted at the NCI-Frederick five to eight times per year. A week is designated when the equipment is available for inspection and the equipment can be viewed by appointment. The equipment is usually placed in bulk lots (items are not sold individually). Bids are mailed, faxed, e-mailed, or dropped-off to the Property Accountability office, and are opened on a designated date and time. The winning bidders are notified and have a limited amount of time to pay for and subseque

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123