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(g) Records sufficient to detail the significant history of procurement,including <br /> rationale for the method of procurement, selection of contract type, contractor selection or <br /> rejection, and the basis for the contract price. <br /> (h) Mechanisms that use good administrative practices and sound business <br /> judgment to settle contractual and administrative issues arising out of procurements made <br /> in accordance with this Agreement. <br /> (i) Protest procedures to handle and resolve disputes relating to procurements. <br /> The protest procedure should provide a way to promptly disclose information regarding a <br /> protest to City. <br /> 0) The equipment and program provisions survive the contract duration, as <br /> federally required. <br /> 7.2 Sub-Recipient agrees and understands that City must consent to the award of all <br /> purchase orders for non-expendable personal property as defined in 49 C.F.R. §18.32 and §18.33 <br /> for the project funds assigned in the project budget. The acquisition of real property must comply <br /> with 49 C.F.R. §18.31. Equipment management standards must be met for any assets purchased <br /> using Federal Funds. Although not anticipated, to the extent Sub-Recipient uses any federal <br /> funding to purchase transit assets, Sub-Recipient agrees to and must adhere to the management <br /> standards under 49 U.S.C. 5326 and the related regulatory requirements. <br /> 7.3 Sub-Recipient's Equipment Management standards shall include, but not be <br /> limited to the following: <br /> (a) Equipment records, FAIN XXXXX that include: a description of the <br /> equipment; a serial number or other identification number; the source of equipment; who <br /> holds title; the acquisition date and cost of the equipment; percentage of Federal <br /> participation in the cost of the equipment;the location,use and condition of the equipment; <br /> maintenance history for each vehicle; and ultimate disposition data including the date of <br /> disposal and sale price. <br /> (b) Conducting a physical inventory of the equipment at least once every two <br /> (2)years and reconciling the inventory with equipment records described in the preceding <br /> paragraph. <br /> (c) Developing a control system to ensure adequate safeguards to prevent loss, <br /> damage, or theft of the equipment.Any loss, damage, or theft shall be investigated. <br /> (d) Developing and following procedures to keep the equipment maintained <br /> and in good condition. At a minimum, Sub-Recipient shall follow the vehicle maintenance <br /> schedule recommended by the manufacturer, showing the date the maintenance was <br /> perfonned.Maintenance records shall be provided to City upon request. <br />