|
|
Surplus Property
Surplus Property is defined as property which is in excess of the needs of a department and which is not required for its foreseeable need. The property may be used or new, but possesses some usefulness for the purpose for which it was intended or for some other purpose. This includes scrap, which is material that is damaged, defective, or deteriorated to the extent it has no value except for its basic material content. The final step in the procurement cycle's disposition of the item is when it is no longer useful to the Department. Timely identification of the surplus and obsolete material is essential to an effective disposition program. Delay identification ties up capital, results in higher maintenance and salvage costs and further deterioration of items. Surplus
Property Office Services provided by the Surplus Property Office include:
|
|
Back to top Materiel Management |