Dispose Required Field Contract For Free

PMSAs are typically performed by a Property Administrator (PA). If property administration has not been delegated to a PA, PMSAs are the responsibility of the Contracting Officer (CO). The results of a PMSA are used by the CO to determine if a contractor has an acceptable property management system.

Government Furnished Property (GFP) is property, which may be capital Government Furnished Equipment (GFE) or non-capital Government Furnished Materials (GFM) and which is owned by the Federal Government.

The Contractor shall receive Government property and document the receipt, record the information necessary to meet the record requirements of paragraph (f)(1)(iii)(A)(1) through (5) of this clause, identify as Government owned in a manner appropriate to the type of property (e.g., stamp, tag, mark, or other ...

(a) Generally, contractors are not held liable for loss, damage, destruc- tion, or theft of Government property under the following types of contracts: (1) Cost-reimbursement contracts. (2) Time-and-material contracts. (3) Labor-hour contracts.

(b) Property management. (1) The Contractor shall have a system of internal controls to manage (control, use, preserve, protect, repair, and maintain) Government property in its possession. The system shall be adequate to satisfy the requirements of this clause.

In most situations the Government includes a warranty in the contract that states that the property will be suitable for the intended use. It also states that it will be provided in a timely manner so as not to impede contract performance.

(1) The Contractor shall use the property loss function in the Government-Furnished Property (GFP) module of the Procurement Integrated Enterprise Environment (PIEE) for reporting loss of Government property.

Abstract: Two methods are utilized to provide the componentssub-systems for a Government contract contractor-furnished equipment CFE or Government- furnished equipment GFE.

A Contract Closeout occurs when a contract has met all the terms of a contract and all administrative actions have been completed, all disputes settled, and final payment has been made. This includes those administrative actions that are contractually required; i.e. property, security, patents, and royalties.

Per FAR 4.804-4, a contract is physically complete when: The contractor has completed the required deliveries and the Government has inspected and accepted the supplies; The contractor has performed all services and the Government has accepted these services; and. All option provisions, if any, have expired; or.