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Course 1117
IND 105V: Contract Property Fundamentals
Overview
This course provides foundational knowledge, training, and skill development on the placement and administration of contract property with special attention given to the administration of the contractor’s property management system for contract property, the disposal of contract property, as well as the identification of risks inherent in such placement. Participants will explore pertinent Federal Acquisition Regulation (FAR) and other relevant regulatory guidance. The course will take participants through the contract formation process, identification of specific contract document content pertaining to contract property, and administration requirements such as contract receipt and review, contractor procedure reviews, property loss investigation, and disposal processes.
Who Attends
This course is for federal property managers and contracting professionals.
Course Level: Basic
CLP: 56 | CPE: 56
Duration: 7 Days
Course Details
Volume Discounts (5+ Seats)
Private Group TrainingLearning Objectives
- Given the need to control and account for government property under the Chief Financial Officers Act (CFOA), recognize the Office of the Secretary of Defense (OSD) policy for managing that property
- Given a contract, perform contract receipt and review
- Given the need to make an acquisition via a government contract, recognize the government policy on providing property to contractors
- Given the need to perform contract property administration, recognize the responsibilities and authorities of property administrator
- Given a contract with the government property clause, recognize the key requirements of FAR 52.245-1
- Given the requirement to review a contractor’s written property management procedure, analyze the procedures to determine acceptability based on the required outcomes and processes identified in FAR 52.245-1(f)(1)
- Determine how the government may take title to property under a contract
- Given an incident of loss involving contract government property, demonstrate the contractor’s and government’s responsibilities under the contract
- Given a government contract with other property-related FAR and DFARS clauses, identify their applicability to the contractor’s property management system (PMS)
- Given the need to remove government property from a contract, recognize the statutes that drive government property disposal
- Given an incident of excess government property, recognize contractor requirements for disposal
- Given the need to dispose of contract government property under a contract, recognize the responsibilities and authorities of a plant clearance officer (PLCO)
- Given the need to transfer DoD export-controlled personal property to parties within or outside of the United States, recognize the statutes required to implement trade security controls
- Given the need to dispose of contract government property requiring demilitarization, recognize the process of demilitarization
- Given the need to dispose of contract government property, recognize the sales process for surplus government property
- Recognize the government's strategy for risk management in relationship government property
Additional Features
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