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Breadcrumbs

SPA Process User’s Guide –
Chapter 6 – Deleting Property and Funds

Disposal Method 24 (Completed Construction in Progress [CIP])

This disposal method is used to dispose of a completed CIP property (class code 090). A CIP property must be disposed of at the earliest occurrence of:

  • Substantial completion of contract documents are executed
  • Occupancy
  • The asset is placed into service

See Construction in Progress for more information.

SPA Procedure

  1. Access the Disposal of Property (PADLET) screen on the Main Menu.
  2. Enter the property and component number in the corresponding fields. Press Enter.
  3. Enter the appropriate disposal method in the DISPOSAL METHOD field.
  4. Press Enter. The message Enter Disposal Date appears.
  5. Enter the disposal date in the DISPOSAL DATE field (using MM-DD-YYYY format).
  6. Press Enter. The message Disposal Method Requires a Comment appears.
  7. Enter a comment in the COMMENT field, this should include the new, permanent property number assigned to the completed asset.
  8. Press Enter. The message Press F4 To Continue Or F5 To Cancel appears.
  9. Press F4. The message Information Has Been Deleted appears.