Under University policy, only equipment with a cost of €10,000 (incl vat) and above per individual item is captured on the FAR.

Vat, shipping/delivery and installation costs are included in the total cost of acquisition.
Refer to the following link for guidance on VAT codes.

VAT Codes

Formal confirmation is required from the budget holder that the asset is in use.
This is obtained via the issue of the ‘Fixed Asset Information request’ form to the budget holder from the Fixed Assets office.

It is important that the correct Product codes are used when purchasing an asset to ensure that expenditure is reflected correctly as either capital or expensed in the financial year.
Please consult the following and select a 4* Product code which accurately reflects the nature of the asset.

Fixed Asset Product Code Listing

The Buildings & Estates office oversee the capital construction and refurbishment projects.

Initiate a Project - University of Galway