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Homepage>ASTM Standards>ASTM E3015-15R20 - Standard Guide for Management of Customer-Owned Property Assets in Possession of Supplier, Contractor or Subcontractor
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Released: 01.07.2020

ASTM E3015-15R20 - Standard Guide for Management of Customer-Owned Property Assets in Possession of Supplier, Contractor or Subcontractor

Standard Guide for Management of Customer-Owned Property Assets in Possession of Supplier, Contractor or Subcontractor

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Standard number:ASTM E3015-15R20
Released:01.07.2020
Status:Active
Pages:11
Section:04.12
Keywords:acquisition; contract; customer; disposal; disposition; furnished property; internal controls; prime contract; prime contractor; reasonable assurance; subcontract; subcontractor; timely manner; use; utilization;
DESCRIPTION

1.1 This guide addresses infrastructure and practices for the life-cycle management of supplier, contractor or subcontractor-held customer-owned property in the possession of a supplier, contractor or subcontractor. This includes the infrastructure and processes and subprocesses in the efforts of acquisition, use, and disposition.

1.2 This guide covers property that is owned by a customer or a buyer (referred to as customer-owned property) that is either directly furnished by a buyer, customer, or acquired by a supplier on behalf of a customer where title to the property ultimately vests with the customer while in the possession of a supplier, contractor or subcontractor.

1.3 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety, health, and environmental practices and determine the applicability of regulatory limitations prior to use.

1.4 This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.