Part 845 - Government Property - Office of Acquisition and Logistics (OAL)
Attention A T users. To access the menus on this page please perform the following steps. 1. Please switch auto forms mode to off. 2. Hit enter to expand a main menu option (Health, Benefits, etc). 3. To enter and activate the submenu links, hit the down arrow. You will now be able to tab or arrow up or down through the submenu options to access/activate the submenu links.
Attention A T users. To access the combo box on this page please perform the following steps. 1. Press the alt key and then the down arrow. 2. Use the up and down arrows to navigate this combo box. 3. Press enter on the item you wish to view. This will take you to the page listed.
Menu
Menu
Veterans Crisis Line Badge

Office of Acquisition and Logistics (OAL)

 

Part 845 - Government Property

« VAAR Part 844 VAAR Table of Contents VAAR Part 846 »
 
Subpart 845.4—Title to Government Property
Sec.  
845.402 Title to contractor-acquired property.
845.402-70 Policy.

AUTHORITY:  40 U.S.C. 121(c); 41 U.S.C. 1702 and 48 CFR 1.301-1.304.


Subpart 845.4 - Title to Government Property

845.402  Title to contractor-acquired property.

845.402-70  Title to contractor-acquired property.

(a) For other than firm-fixed-price contracts, contractor-acquired property items not anticipated at time of contract award, or not otherwise specified for delivery on an existing line item, shall, by means of a contract modification, be specified for delivery to the Government on a contract line item.  The value of such contractor-acquired property item shall be recorded at the original purchase cost.  Unless otherwise noted by the contractor at the time of delivery to the Government, the placed-in-service date shall be the date of acquisition or completed manufacture, if fabricated.

(b) Following delivery and acceptance by the Government of contractor-acquired property items, if these items are to be retained by the contractor for continued use under a successor contract, these items become Government-furnished property (GFP).  The items shall be added to the successor contract as GFP by contract modification.

(c) Individual contractor-acquired property items should be recorded in the contractor’s property management system at the contractor’s original purchase cost.

(d) All other contractor inventory that is excess to the needs of the contract shall be disposed of in accordance with FAR subpart 45.6.

« VAAR Part 844 VAAR Table of Contents VAAR Part 846 »