Property Office
Property Office
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Property Office
The Property Office is MIT’s master inventory department. It keeps track of all movable capital equipment and MIT’s capital building assets, which today span 13 million square feet and are valued at $4 billion.
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Property Office
A VPF Business Unit that serves as MIT’s master inventory department, keeping track of all movable capital equipment and MIT’s capital building assets.
Definition
Property
By tracking the acquisition and disposition of nearly 100,000 items, the VPF Property Office helps you manage your DLC’s equipment and furniture needs efficiently and economically.
Subtopic
Property
Property, Tax, and Accounting
Policy
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Property, Tax, and Accounting
Equipment Fabrication Accounts
Your DLCI may receive authorization to fabricate a new piece of equipment in connection with a research contract or grant.
Task
- Property, Tax, and Accounting
Update Equipment Location
When you relocate a piece of equipment from its recorded location for a significant period of time, you must notify the VPF Property Office.
Task
- Property, Tax, and Accounting
Space Property
Capital assets which are peculiar to aeronautical and space programs of NASA, including such items as aircraft engines, space vehicles, other similar components, and related support equipment furnished for use as a standard or model, to establish equipment compatibility or such other similar reasons as may be determined by the contracting officer.
Definition
Office of Insurance
The MIT Office of Insurance purchases and manages the insurance programs that protect the Institute, its community members, and subsidiaries against financial loss related to property and casualty-related incidents.
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