Loss of Government property definition

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. Loss of Government property does not include purposeful destructive testing, obsolescence, normal wear and tear or manufacturing defects. Loss of Government property includes, but is not limited to—
Loss of Government property means unintended loss of or damage to Government property including property that cannot be found after a reasonable search, loss due to inadequate storage, loss due to lack of security, theft, damage requiring repair to restore the item to usable condition, or damage that renders the property useless for its intended purpose or Beyond Economical Repair (BER). Loss of Government property does not include manufacturing defects, obsolescence, normal wear and tear, or purposeful destructive testing. Unless otherwise stated in the contract/task order, loss of Government property does not include normal and reasonable inventory adjustments, i.e., losses of low priority consumable material, such as common hardware, as agreed to by the Contractor and the Government Property Administrator. Reporting Loss of Government Property

Examples of Loss of Government property in a sentence

  • Loss of Government property does not include purposeful destructive testing, obsolescence, normal wear and tear or manufacturing defects.

  • Loss of Government property that is the result of willful misconduct or lack of good faith on the part of the Contractor's managerial personnel.

  • Loss of Government property does not include occurrences such as purposeful destructive testing, obsolescence, normal wear and tear, or manufacturing defects.

  • Loss of Government property that is the result of willful misconduct or lack of good faith on the part of the Contractor’s managerial personnel.

  • 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.

  • Loss of Government property does not include manufacturing defects, obsolescence, normal wear and tear, or purposeful destructive testing.

  • Loss of Government property that is the result of willful misconduct or lack of good faith on the part of the Subcontractor’s managerial personnel.

  • 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.

  • Loss of Government property does not include purposeful destructive testing, obsolescence, normal wear and tear, or manufacturing defects.

  • 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.


More Definitions of Loss of Government property

Loss of Government property means unintended, unforeseen, or accidental loss, damage or destruction to Government property that reduces the
Loss of Government property means unintended, unforeseen, or accidental loss, damage, or destruction of Government property that reduces the Government’s
Loss of Government property means unintended, unforeseen or accidental loss, damage or destruction to
Loss of Government property means the loss, damage or destruction to Government Property reducing the Government’s expected economic benefits of the property and includes loss of accountability but does not include planned and purposeful destructive testing, obsolescence, reasonable wear and tear or manufacturing defects. THE AWARDEE SHALL BE LIABLE FOR LOSS OF GOVERNMENT PROPERTY IN AWARDEE’S POSSESSION, EXCEPT WHEN ANY ONE OF THE FOLLOWING APPLIES:
Loss of Government property means unintended, unforeseen, or accidental loss, damage, or destruction of Government property that reduces the Governments expected economic benefits of the property. Loss of Government property does not include purposeful destructive

Related to Loss of Government property

  • Government Property means all property owned or leased by the Government. Government property includes both Government-furnished and Contractor-acquired property. Government property includes material, equipment, special tooling, special test equipment, and real property. Government property does not include intellectual property and software.

  • Local unit of government means a county, township, city, or village.

  • Local Government Act means the Local Government Act 1993, and includes the City of Brisbane Act 1924.

  • United States Government Obligations means bonds, notes, certificates of indebtedness, treasury bills or other securities constituting direct obligations of, or obligations the principal of and interest on which are fully and unconditionally guaranteed as to full and timely payment by, the United States of America, including evidences of a direct ownership interest in future interest or principal payment on obligations issued by the United States of America (including the interest component of obligations of the Resolution Funding Corporation), or securities which represent an undivided interest in such obligations, which obligations are rated in the highest rating category by a nationally recognized rating service and such obligations are held in a custodial account for the benefit of the Issuer.

  • Host Government means a Government with which UNICEF has a programme of development cooperation, and includes a Government of a country in which UNICEF provides humanitarian assistance.

  • Reference Government Bond Dealer means each of five banks selected by the Issuer, or their affiliates, which are (A) primary government securities dealers, and their respective successors, or (B) market makers in pricing corporate bond issues;

  • U.S. Government Obligations means direct obligations (or certificates representing an ownership interest in such obligations) of the United States of America (including any agency or instrumentality thereof) for the payment of which the full faith and credit of the United States of America is pledged and which are not callable or redeemable at the issuer’s option.

  • County Government means the county government provided for under Article 176 of the Constitution;