DFARS 252.245-7002 Reporting Loss of Government Property. Basic (Dec 2017)

As prescribed in 245.107(3), use the clause at 252.245–7002, Reporting Loss of Government Property, in solicitations and contracts that contain the clause at FAR 52.245–1, Government Property.

REPORTING LOSS OF GOVERNMENT PROPERTY (DEC 2017)

      (a)  Definitions.  As used in this clause—

      “Government 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.  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—

              (1)  Items that cannot be found after a reasonable search;

              (2)  Theft; 

              (3)  Damage resulting in unexpected harm to property requiring repair to restore the item to usable condition; or

              (4)  Destruction resulting from incidents that render the item useless for its intended purpose or beyond economical repair.

      “Unit acquisition cost” means—

              (1)  For Government-furnished property, the dollar value assigned by the Government and identified in the contract; and 

              (2)  For Contractor-acquired property, the cost derived from the Contractor’s records that reflect consistently applied, generally acceptable accounting principles.

      (b)  Reporting loss of Government property.

              (1)  The Contractor shall use the Defense Contract Management Agency (DCMA) eTools software application for reporting loss of Government property.  Reporting value shall be at unit acquisition cost.  The eTools “LTDD of Government Property” toolset can be accessed from the DCMA home page External Web Access Management application at http://www.dcma.mil/WBT/propertyloss/.

              (2)  Unless otherwise provided for in this contract, the requirements of paragraph (b)(1) of this clause do not apply to normal and reasonable inventory adjustments, i.e., losses of low-risk consumable material such as common hardware, as agreed to by the Contractor and the Government Property Administrator.  Such losses are typically a product of normal process variation.  The Contractor shall ensure that its property management system provides adequate management control measures, e.g., statistical process controls, as a means of managing such variation.

              (3)  The Contractor shall report losses of Government property outside normal process variation, e.g., losses due to—

                    (i)  Theft;

                    (ii)  Inadequate storage;

                    (iii)  Lack of physical security; or

                    (iv)  “Acts of God.”  

              (4)  This reporting requirement does not change any liability provisions or other reporting requirements that may exist under this contract.

(End of clause)

NONE
Prime’s Interest;
⚠ =52.245-1 Basic

52.245-1 Government Property.

52.245-2 Government Property Installation Operation Services.

52.245-9 Use and Charges.

52.247-55 F.o.b. Point for Delivery of Government-Furnished Property.

252.208-7000 Intent to Furnish Precious Metals as Government-Furnished Material.

252.211-7007 Reporting of Government-Furnished Property.

252.217-7002 Offering Property for Exchange.

252.217-7006 Title.

252.223-7007 Safeguarding Sensitive Conventional Arms, Ammunition, and Explosives.

252.237-7018 Special Definitions of Government Property.

252.245-7000 Government-Furnished Mapping, Charting, and Geodesy Property.

252.245-7001 Tagging, Labeling, and Marking of Government-Furnished Property.

252.245-7003 Contractor Property Management System Administration.

252.245-7004 Reporting, Reutilization, and Disposal.

1852.245-71 Installation-accountable Government Property.

1852.245-70 Contractor requests for Government-provided property.

1852.245-72 Liability for Government property furnished for repair or other services.

1852.245-73 Financial reporting of NASA property in the custody of contractors.

1852.245-74 Identification and marking of Government equipment.

1852.245-75 Property management changes.

1852.245-76 List of Government property furnished pursuant to FAR 52.245–1.

1852.245-77 List of Government property furnished pursuant to FAR 52.245–2.

1852.245-78 Physical inventory of capital personal property

1852.245-79 Records and disposition reports for Government property with potential historic or significant real value.

1852.245-80 Government property management information.

1852.245-81 List of available Government property.

1852.245-82 Occupancy management requirements.

1852.245-83 Real property management requirements.

652.245-70 Status of Property Management System.

652.245-71 Special Reports of Government Property.

752.245-70 Government property—USAID reporting requirements.

752.245-71 Title to and care of property.

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