Before disposing of capital assets, units must communicate plans for their disposal to Capital Assets by posting the item(s) for sale in the Cornell Asset Transfer System (CATS). According to University Policy 3.9, Capital Assets, items recommended for sale must be offered to the university community through CATS.
The request must include the following information about the discarded asset:
All requests for asset disposal that are posted to CATS are routed to Capital Assets, who either will approve the request, or make the unit aware of any disposal limitations.
Items for sale will remain on the CATS surplus list for one month. In general, items will be sold to the highest bidder. However, there may be occasions when a unit's bid is given preference, even if the bid is lower.
Preferences for equal bids should be given as follows:
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