Purchases – Fabrication
Fabrication of Equipment
Fabrication means building permanent equipment with a useful lifetime of more than 2 yrs. It can include adding a new capability to an existing piece of equipment. Repair of equipment is accounted for separately.
See your account administrator, BEFORE you buy anything.
- We’ll figure out if the fabrication needs to be tracked for accounting purposes.
- I’ll give instructions on how to make sure your purchases are all accounted for.
We track the purchases to determine the value of the equipment and to make sure that overhead is not charged on the purchases. Excluding fabrications from overhead charges saves a substantial amount of money on sponsored accounts.
When the piece is completed a UD property tag will be attached to it.
After that, if the equipment is moved or disassembled, please notify Gary Wellmaker so that he can communicate with Plant and Property Records.