Yahoo Web Search

Search results

  1. Aug 29, 2024 · Loss of Government property means unintended, unforeseen or accidental loss, damage, or destruction of Government property that reduces the Government’s expected economic benefits of the property. Loss of Government property does not include occurrences such as purposeful destructive testing, obsolescence, normal wear and tear, or ...

  2. People also ask

  3. Sep 16, 2024 · “Contractor-acquired property,” “contractor inventory,” “Government property,” “Government-furnished property,” and “loss of Government property” have the meanings given in the Federal Acquisition Regulation (FAR) 52.245-1, Government Property, clause of this contract.

  4. Aug 29, 2024 · Government property does not include intellectual property and software. Loss of Government property means unintended, unforeseen or accidental loss, damage or destruction to Government property that reduces the Government’s expected economic benefits of the property.

  5. THE CLASSIFICATION OF GOVERNMENT PROPERTY UNDER THE NEW FAR PART 45 REWRITE. The new Federal Acquisition Regula-tions (FAR) rewrite, Part 45 – and its associ-ated clauses, have changed the property typology for Government property in the possession of contractors.

  6. •What is government property? The difference between CAP and GFP. •Where are the key requirements for government property found (FAR and Agency Supplements)? •Property Lifecycle •How does contract type affect treatment of government property? Understanding ownership and title to government property. 2

  7. (1) Government property includes any form of real or personal property in which the Government has an ownership, leasehold, or other property interest as well as any right or other intangible interest that is purchased with Government funds, including the services of contractor personnel.

  8. “Government property” means all property owned or leased by the Government. Government property includes both Government-furnished property and contractor-acquired property. Government property includes material, equipment, special tooling, special test equipment, and real property.

  1. People also search for