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All goods purchased with University of Prince Edward Island funds are the property of the University. This includes purchases made with research, PDA and other grant funds.
The responsibility of the control of the assets rests with the Procurement Services Officer except as noted:
Equipment valued at $5,000 and over is classified as large assets and is tagged with numbered stickers for identification purposes. Equipment valued under $5,000 is considered part of the small asset list and are tagged with a generic tag stating "Property of UPEI".
Procurement Services is also responsible for the sale of surplus assets. Funds from the sale of surplus assets are recorded as the revenue of the University. To find out the types and availability of surplus assets, please contact Kevin Rogers.