BAO Property Control is required to perform biennial physical inventories by OUS Policy.
Property Control will perform periodic physical inventories of fixed assets. While the physical inventories will now be performed by Property Control, UO departmental staff will be requested to help. The purpose of these inventories is to ensure that inventory records are up-to-date and accurate, and that obsolete/damaged items are removed from inventory properly. Physical inventories are important because accurate locations and conditions are important factors in determining insuance coverage and Facilities and Administrative Costs reimbursement.