Common use of GOVERNMENT PROPERTY Clause in Contracts

GOVERNMENT PROPERTY. ‌ Any equipment, property, or facilities furnished by the government or any contractor-acquired property must be specified in the applicable delivery order. Agency OCOs are responsible for ensuring that the applicable delivery orders are consistent with the policies and procedures of FAR Part 45 for providing Government property to contractors, contractors’ use and management of Government property, and reporting, redistributing, and disposing of contractor inventory. Contractors are responsible and liable for Government property in their possession pursuant to FAR 52.245-1 and 52.245-2, as applicable. In the event that the Government-Furnished Equipment (GFE) or Government-Furnished Information (GFI) are not provided to the contractor by the specified date, the contractor will immediately notify the OCO. Upon conclusion of the applicable delivery order, the contractor shall return the GFE or GFI to the Government as specified in the delivery order or as directed in writing by the OCO.