Part 45 Government Property

Question 1

What is Government Property (GP)?

Answer 1

all property owned or leased by the Government

Question 2

What does GP include?

Answer 2

includes both GFP and CAP. Including material, equip, special tooling, special test equip and real property (DOES NOT INCLUDE INTELLECTUAL PROPERTY OR SOFTWARE)

Question 3

What is Government Furnished Property (GFP)?

Answer 3

property furnished by the Government to the contractor.

Question 4

What is Contractor Acquired Property?

Answer 4

property the contractor has acquired. fabricated, or otherwise provided byt the KTR to perform the contract and to which the Government has title.

Question 5

GFP provided “As-Is”

Answer 5

GFP should be used for it’s intended purpose. If not, the contractor notifies the Government and may be authorized to make repairs (may also be entitled to REA)

Question 6

Is the KTR alloed to inspect GFP prior to delivery?

Answer 6

Yes and if the GFP becomes not fit for its intended purpose, then the KTR is responsible for costs to repair.

Question 7

What can the CO do with the authority for GFP at any time?

Answer 7

Increase, decrease, substitute, or withdraw authority fo GFP

Question 8

WHat is the CO responsibility when providing property?

Answer 8

Only when it is in the best interest of the Government
Only when the overall benefit outweighs increase costs
Only when it does not substantially increase risk to the government.
Only when the Government requirements cannot be met otherwise

Question 9

What is the government agency responsible for with it come to GFP?

Answer 9

Coduct anlaysis of the KTRs property management policies, procedures, practices, and systems.