COR Government-Furnished Property & Equipment 1

Question 1

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

Accepted Answer

FAR Part 45

Answer

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?

Accepted Answer

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

Answer

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?

Accepted Answer

FAR 52.245-1

Answer

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?

Accepted Answer

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

Answer

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?

Accepted Answer

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

Answer

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.

(COR) Contracting Officer's Representative Certification Practice Test

(COR) Contracting Officer's Representative Certification Practice Test

COR Government-Furnished Property & Equipment 1