If the piece of equipment is old and has been fully depreciated, under your institution's property management  policy it probably can be declared as surplus, and the policy may also describe how to dispose of surplus property including the sale of it.

Marjorie Forster
Assistant Vice President, Research and
Global Health Initiatives
Office of Research and Development
University of Maryland Baltimore
620 West Lexington Street, Suite 400
Baltimore, MD 21201
410-706-6631
410-706-6630 (fax)
xxxxxx@umaryland.edu<mailto:xxxxxx@umaryland.edu>

On Sep 5, 2013, at 9:16 AM, Jeanne Viviani wrote:

My understanding is that the equipment becomes the property of the institution at the conclusion of the grant (assuming the grant is done and closed).  I don't know if this particular NIH grant had any particulars though attached to it.  At that point, it would follow your institutional policies and procedures for property management.

Best,

Jeanne M. Viviani
Director, Office of Research Programs and Services

New College of Florida | 5800 Bay Shore Road, Sarasota, FL 34243
tel: (941) 487-4649 | fax: (941) 487-4201

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On Thu, Sep 5, 2013 at 8:21 AM, Bonnie Kwit <xxxxxx@oakland.edu<mailto:xxxxxx@oakland.edu>> wrote:
Thoughts and suggestions please…..

One of our PIs purchased a piece of equipment from one of his NIH grants several years ago.  The purchase price was approximately $15K.  Due to it’s age the equipment continues to breakdown and the repair costs have exceeded $1,000 each time.  The PI wants to sell this piece, thinking it might have some residual value and put the money into lab supplies.  Can this be done?  If so, how?

Bonnie Kwit
Grant and Contract Officer
Oakland University
Office of Research Administration
505 Wilson Hall
(248) 370-4116<tel:%28248%29%20370-4116>

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