Gov Property

Government Property Management

Government property management covers the acquisition, use, maintenance, and disposition of government-furnished and contractor-acquired property. Contractors must maintain adequate property management systems and comply with FAR Part 45 requirements.

Key Topics

Government-furnished property (GFP) vs. contractor-acquired property (CAP)
Property management system requirements
Physical inventory requirements
Property records and tracking
Disposition and disposal procedures
Loss, damage, or destruction reporting
Property in the possession of subcontractors
DCMA property administration

Key References

FAR Part 45
Government Property
FAR 52.245-1
Government Property Clause
DFARS 252.245-7001
Tagging, Labeling, and Marking
DFARS 252.245-7002
Reporting Loss of Government Property
DCMA-INST 135-5
Property Management
FAR 45.602
Reutilization of Government Property

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