WebGovernment-furnished property means property in the possession of, or directly acquired by, the Government and subsequently furnished to the contractor for performance of a … WebA license, permit, or other similar right that is solely for the use, enjoyment, or occupation of land or an inherently permanent structure and that is in the nature of a leasehold or easement generally is an interest in real property.
Federal Acquisition Regulation: Definition of “Commercial Item”
WebMar 2, 2015 · As used in this part - Cannibalize means to remove parts from Government property for use or for installation on other Government property.. Contractor-acquired property means property acquired, fabricated, or otherwise provided by the contractor for performing a contract and to which the Government has title.. Contractor inventory … WebMay 10, 2024 · DoD, GSA, and NASA are proposing to amend the Federal Acquisition Regulation (FAR) to change the definition of “commercial item” at FAR 2.101, so that the regulatory definition conforms to statutory changes made to the definition by section 847 of the National Defense Authorization Act (NDAA) for Fiscal Year (FY) 2024 ( Pub. L. … first day covers gold stamp
Part 45 - Government Property Acquisition.GOV
WebJul 28, 2011 · for the contractor to produce—or fabricate—property for the Government. The contractor’s acquisition of property is regulated by FAR 52.245-1, Government Property; the applicable Cost Accounting Standards; and FAR 52.216-7, Allowa-ble Cost and Payment. Most contractors acquire property through an established purchasing … WebGovernment property is defined in the clause at FAR 52.245-1, Government Property. 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. WebGovernment property shall be transferred from one contract to another only when firm requirements exist under the gaining contract (see 45.102). Such transfers shall be … e vehicle stocks