What items should be included in the “equipment” section of the budget?
The University defines “equipment” as any tangible, nonexpendable property having: (1) a useful life of more than one year, and, (2) an acquisition cost of $5,000 or more per unit. Items not meeting these two conditions are not to be classified as, and placed in, the equipment category. Q: Subcontract documentation and/or documentation of consultants to be hired is often not in place at the time when the proposal is due. Can this type of documentation be turned in after the proposal is submitted to OSP? A: A quoted price for services from a consultant, collaborating institution, or other organization must be “backed-up” in writing from that party. This documentation (e.g., a proposal which contains the proposed technical work, a budget estimate, and authorized institution/company signature) is required as a matter of sound business practice to indicate that Clemson University has reviewed and accepted that party’s intended participation, and therefore supports inclusion of that activit
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- What items should be included in the "equipment" section of the budget?
