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Issues in Equipment and Research Projects

Issues in Equipment and Research Projects. Ryan McAlarney , Senior Property Inventory Assistant, Office of the Vice President for Finance Michael McCarthy , Property Manager, Office of the Vice President for Finance. Equipment definitions and parameters.

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Issues in Equipment and Research Projects

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  1. Issues in Equipment and Research Projects Ryan McAlarney, Senior Property Inventory Assistant, Office of the Vice President for Finance Michael McCarthy, Property Manager, Office of the Vice President for Finance Sponsored Projects Administration (SPA)

  2. Equipment definitions and parameters • Equipment is an article of nonexpendable tangible personal property • Must have a useful life of more than one year • Must be moveable, i.e., not be affixed to the building or structure • MIT distinguishes between capital (major) and minor equipment Sponsored Projects Administration (SPA)

  3. Major vs. Minor equipment Capital (Major) Equipment • Acquisition cost of $3000 or greater • Not included in MTDC base • F&A is not applied Minor Equipment • Acquisition cost between $500 and $2999 • Included in MTDC base • F&A is applied Sponsored Projects Administration (SPA)

  4. Characteristics of fabricated Equipment • Unique, specialized equipment built by the research team • Not commercially available • Controlled by MIT or the PI on the project • Useful life of more than 1 year • Aggregate cost of materials and services is $3,000 or more (excluding labor costs) • Approved by sponsor, if required Sponsored Projects Administration (SPA)

  5. Resources for Equipment and Property issues • Ryan McAlarneySenior Property Inventory Assistant, VPFemail: mcalarne@mit.eduPh: (617) 258-8472 • Michael McCarthyProperty Manager, VPF email: mmccarth@mit.eduPh: (617) 253-2779 • Website: http://vpf.mit.edu/site/property Sponsored Projects Administration (SPA)

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