Fabricated equipment is equipment which is built or assembled from individual parts or “off the shelf” components by project personnel, a UNH shop, or a commercial fabricator. When a completed item of fabricated equipment has an aggregate cost or $5,000 or more and when that item will be recorded as capital equipment in UNH’s asset management system, the individual component costs associated with the fabrication (regardless of the individual amounts) will not be assessed the F&A rate otherwise used for the project budget.