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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

Property, Tax, and Accounting
Policy -
Property, Tax, and Accounting

Property

By tracking the acquisition and disposition of nearly 100,000 items, the VPF Property Office helps you manage your DLCI’s equipment and furniture needs efficiently and economically.
Subtopic

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

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

Damaged/Stolen Equipment Reporting

Take immediate action to report any equipment that has been damaged or that you suspect has been stolen. Here’s how to start the process.
Task - Property, Tax, and Accounting

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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