Property GFP
What is Government-Furnished Property and Why do I care about it?
Government-Furnished Property and You
▪ What is GFP?
▪ When do we provide GFP?
▪ Who is responsible for the GFP?
▪ The Government retains title to the GFP until it is properly disposed of as authorized by law and regulation. Government-Furnished Property Defined
▪ GFP is property in the possession of, or directly acquired by, the
Government and subsequently furnished to the contractor for performance of a contract.
Government-furnished property includes, but is not limited to, spares and property furnished for repair, maintenance, overhaul, or modification. Government-furnished property also includes contractoracquired property if the contractoracquired property is a deliverable under a cost contract when accepted by the Government for continued use under the contract.”(FAR 45.101)
GFP ALSO includes
▪ ANYTHING that was purchased with government funds
Tw o Content Layout w ith Sm artArt
Furnish their own
• Unless in our best interest
• requirements cannot be met
Liable
• Remains with Government
• Unless proven property management practices are noncompliant Government Retains Title until
• Properly Disposed of
UM SAY WHAT?
You heard correctly, we are responsible for the equipment even if it is damaged at the contractors location.
You break it, but we buy it.
Government Retains Title until it is properly disposed of.
Contractor may purchase GFP or continue to use on another contract.
Destroy or Abandon
With everything clearly written in the FA
You would think that GFP should be easy
BUT you would be wrong
PROBLEMS
Manpower
Misplaced
Contractor goes out of business
Administration headache
Revolving Door of Government Employees
MANPOWER
MISPLACED
CONTRACTOR GOES OUT OF BUSINESS
ADMINISTRATION HEADACHE
REVOLVING DOOR OF GOVERNMENT
EMPLOYEES