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XII. XIII. PROPERTY AI UNTABILITY: A. The Contractor Ihall not purchale uDder thil contract, any item of pro- perty with an oriainal COlt of $250.00 or 8Ore unlet. lpecifically authorized to do 10 in writing. B. The Contractor .hall eltablilh and adainilter a .y.tea to control, pro- tect, pre.er.e, uae, aDd ..intain aDd 4i.,o.e of any property furDi,bed it by the Depart_Dt or purdl.... ...._t to tbb aar-llt ill accor- 4nce with it. OVD property MDa,_Dt procM.re., tbb Depart_Dt' I policie. lO"erDiDI the Tau Traffic laflt, hoar-, aDd .eD appli- cable, rederal Propert, "aa""Dt 't""~ a. .et forth ill Attacb8e' . to OKB Circular 1.-102, "Unifor8 aaquir88eDt. for A.,i'taDce to Stat aDd Local Gover_Dt.." Tbb o1Þli.atioD coatia.. al 10DI a. the pro' perty b retaiDed by the CODtractor. aotvith.taadiaa the upiration of Chi. coDtract. C. Title to property purchaled by the Contractor for u.e under the contract i. in the Contractor, unle.. thi. Depart8eDt or the Federal government has, in authorizing purchale of a Ipecific item, reserved the right to take title. D. The Contractor must replace any property for the cost of which it claims reimbur.ement if that property il neces.ary to full operation of the project covered by thi. contract and i. no longer available through loss, theft, accident or circumstance other than nor841 wear. The Contractor may provide for replace8ent through private insurance, self- insurance, or any other 8ethod. at ita option. E. When the Contractor no longer needl property purchased pursuant to this agreement in the project or proara. .upported by this agreement, it "y u.e that property in its other activitiel or dilpole of it in accor- dance with its property management procedures and, when applicable, Federal property manageaent .tandard.. Under certain circumstances set forth in those .tandards. the Contractor is required to refund monies to the Federal gover08ent upon either certain Ulel of. of the disposi- tion of, certain property. Any luch refund ...t be ..de through the Department. RETENTION: A. The Contractor agreel to ..intain beoka, recorda, documentl, and other evidence pertaining to the cOltl aDd ezpeDlea of Chil contract (hereinafter collectively called the tlrecordl") to the extent and in luch detail a. il required by ONI Circular 1.-102. Thele require.ents are hereby ..de a part of thil contract. the record, vill properly reflect all net cOltl, direct and iDdirect, of labor, ..terial., equip- .ent, supplies and lervice., aDd other COltl and apeDle. of whatever nature for which reimbursement il clai~d under the provi.ioDI of this coDtract. (Revised 3/84) 6 of 14