Government-Furnished Property & Equipment Flashcards

Which FAR Part primarily governs the management of Government property provided to contractors?

Answer: FAR Part 45

FAR Part 45 establishes the policies and procedures for providing Government property to contractors and managing that property.

What is Government-Furnished Property (GFP) as defined in the FAR?

Answer: Property in the possession of, or acquired by, the Government and subsequently furnished to a contractor for performance of a contract

GFP is property already owned or acquired by the Government that is then made available to contractors to use in performing a contract.

Which clause is typically incorporated into contracts to address Government property requirements?

Answer: FAR 52.245-1

FAR 52.245-1, Government Property, is the standard clause that prescribes contractor responsibilities for managing Government property.

What is the COR's primary responsibility regarding Government-Furnished Property?

Answer: Monitoring the contractor's use, care, and accountability of GFP throughout contract performance

The COR monitors contractor stewardship of GFP to ensure it is used appropriately, properly maintained, and accurately accounted for.

Under FAR Part 45, who bears the risk of loss for Government property in the contractor's possession when the contractor has an approved property management system?

Answer: The Government assumes the risk of loss unless the contractor is found negligent or has committed willful misconduct

When a contractor has an approved property management system, the Government generally assumes the risk of loss unless the loss results from contractor negligence or willful misconduct.

What document must a contractor submit to the Government when property is lost, damaged, destroyed, or stolen?

Answer: A report of loss, damage, or destruction to the contracting officer

FAR 52.245-1 requires contractors to promptly report any loss, damage, or destruction of Government property to the contracting officer.

What is the purpose of a plant clearance proceeding at contract completion?

Answer: To determine the proper disposition of Government property remaining with a contractor after contract performance ends

Plant clearance is the process for disposing of Government property remaining at a contractor's facility after contract completion, including return, transfer, or sale.