NIGP 94935: Inventory Adjustment, Resale Items

NIGP 94935 Inventory Adjustment, Resale Items, an Item code, covers the physical accounting and disposition of withdrawn or surplus materials held by state and local agencies, encompassing both the baseline cataloging of fixed assets and the collection and resale of withdrawn inventory. State and local governments use this code when they need to establish audit-ready asset records, dispose of withdrawn library materials through revenue-sharing arrangements, or conduct comprehensive physical inventories to meet financial reporting standards. School districts, city governments, and public libraries are the primary issuing bodies active under this code, typically when they face regulatory compliance requirements or seek to recapture value from surplus stock.

Recent solicitations show activity concentrated in the Midwest and South. Dayton Public Schools (Ohio) posted an RFP on July 13, 2026, for a one-time comprehensive physical inventory and barcode tagging of capital assets across 26 buildings, with proposals due July 31, 2026, designed to establish GASB 34 compliance and meet Ohio Auditor of State requirements. The City of Dallas posted an RFP (Solicitation Number BYZ2600029907) on April 9, 2026, for a five-year contract with two one-year renewal options for collection, transportation, and resale of withdrawn library materials from Dallas Public Library, with proposals due May 15, 2026. The Dallas contract is revenue-based with no fixed award value; the contractor receives a negotiated percentage of gross sales after deducting all costs, and must meet SBE participation goals under the Dallas DRIVE Policy and the $23.06 per hour Living Wage requirement. Both opportunities reflect administrative compliance and asset-lifecycle management rather than ongoing commodity supply.