Federal activity overview — FAR 52.245-1: Government Property
Federal form · U.S. General Services Administration (Standard Form)
Governs the use, management, and disposition of government property in the contractor's possession. It requires contractors to establish property management systems, maintain records, conduct inventories, and report property. The clause implements the government property requirements of FAR Part 45.
Contractors with government-furnished property or contractor-acquired property must establish compliant property management systems under FAR 52.245-1, including tracking, reporting, and disposal of government assets.
Reference record · Sources: U.S. General Services Administration (Standard Form) · Covers what it is, when it is used
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is federal form FAR 52.245-1 (Government Property). Governs the use, management, and disposition of government property in the contractor's possession. It requires contractors to establish property management systems, maintain records, conduct inventories, and report property. The clause implements the government property requirements of FAR Part 45.
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Bureauify. (n.d.). FAR 52.245-1: Government Property — Records & sources. Bureauify Federal Intelligence. Retrieved , from https://bureauify.com/form/far-52-245-1-government-property
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