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

Standard No.

ASTM E3015-15

Release Date

2015

Published By

American Society for Testing and Materials (ASTM)

Status

Be replaced

Replace By

ASTM E3015-15(2020)

Latest

ASTM E3015-15(2020)

Scope

5.1 This guide promotes the importance of effective and efficient use of resources to satisfy various needs of participants: those who furnish property–customers and owners, those who receive customer or entity property–suppliers, contractors, and subcontractors, and the audit community, while providing reasonable assurance of effective internal controls.

5.2 The objective of this guide is to promote a life-cycle approach using the elements of good internal controls.

5.3 For optimization, this guide may be used in conjunction with Practice E2279 and Practice E2452.

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 and health practices and determine the applicability of regulatory limitations prior to use.

ASTM E3015-15 Referenced Document

• ASTM E2135 Standard Terminology for Property and Asset Management
• ASTM E2279 Standard Practice for Establishing the Guiding Principles of Property Asset Management
• ASTM E2452 Standard Practice for Equipment Management Process Maturity (EMPM) Model
• ASTM E2936 Standard Guide for Contractor Self-Assessment for U.S. Government Asset Management Systems

ASTM E3015-15 history

• 2020 ASTM E3015-15(2020) Standard Guide for Management of Customer-Owned Property Assets in Possession of Supplier, Contractor or Subcontractor
• 2015 ASTM E3015-15 Standard Guide for Management of Customer-Owned Property Assets in Possession of Supplier, Contractor or Subcontractor