COR Government-Furnished Property & Equipment 1 — Questions and Answers
Question 1: Which FAR Part primarily governs the management of Government property provided to contractors?
- FAR Part 31
- FAR Part 42
- FAR Part 45 (Correct answer)
- FAR Part 52
Correct answer: FAR Part 45
FAR Part 45 establishes the policies and procedures for providing Government property to contractors and managing that property.
Question 2: What is Government-Furnished Property (GFP) as defined in the FAR?
- Property purchased by the contractor using Government funds
- Property in the possession of, or acquired by, the Government and subsequently furnished to a contractor for performance of a contract (Correct answer)
- All equipment located at a Government installation
- Property that the contractor acquires with the intent to transfer ownership to the Government
Correct 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.
Question 3: Which clause is typically incorporated into contracts to address Government property requirements?
- FAR 52.232-25
- FAR 52.245-1 (Correct answer)
- FAR 52.215-10
- FAR 52.243-1
Correct answer: FAR 52.245-1
FAR 52.245-1, Government Property, is the standard clause that prescribes contractor responsibilities for managing Government property.
Question 4: What is the COR's primary responsibility regarding Government-Furnished Property?
- Signing property transfer documents on behalf of the PCO
- Monitoring the contractor's use, care, and accountability of GFP throughout contract performance (Correct answer)
- Approving the contractor's property management system
- Determining the replacement cost of lost or damaged GFP
Correct 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.
Question 5: 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?
- The contractor bears full risk in all cases
- The Government assumes the risk of loss unless the contractor is found negligent or has committed willful misconduct (Correct answer)
- Risk is split equally between the Government and contractor
- The surety company bears the risk through the performance bond
Correct 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.
Question 6: What document must a contractor submit to the Government when property is lost, damaged, destroyed, or stolen?
- DD Form 250 (Material Inspection and Receiving Report)
- SF-30 (Amendment of Solicitation/Modification of Contract)
- A report of loss, damage, or destruction to the contracting officer (Correct answer)
- DD Form 1155 (Order for Supplies or Services)
Correct 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.
Question 7: What is the purpose of a plant clearance proceeding at contract completion?
- To conduct a final security inspection of contractor facilities
- To determine the proper disposition of Government property remaining with a contractor after contract performance ends (Correct answer)
- To clear all contractor personnel from Government installations
- To audit the contractor's final invoice
Correct 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.
COR Government-Furnished Property & Equipment 1
Which FAR Part primarily governs the management of Government property provided to contractors?