Managing Government Property

Concentrated training on the requirements for managing Government owned property (acquired property and furnished property) to ensure contractor and Government personnel will effectively manage the Property lifecycle per regulations and contractual requirements. This training will also include key points that will assist in resolving Property Management business system issues prior to occurrence. Includes point-by-point training on:

• Authority. Including allowability, allocability, and reasonableness
• Types of Government Property
• Item Unique Identification and other reporting requirements
• Self-assessments and Metrics
• Contractor obligations and Government responsibilities
• Property provided to Subcontractors
• Use of commercial practices, voluntary consensus standards or industry standards
• Understanding ownership and title on acquired property

Learning Objectives

Upon completion of this course, the participant should:

• Know the concepts of US Government Property stewardship
• Understand the nature and intent of the US Government Property clause
• Know approaches used by DCMA to determine risk/vulnerability, and audit scope
• Know the techniques, expectations, and outcomes used by DCMA to audit specific aspects of the Property System including those related to:
  • Use of Government Property
  • Government-Furnished Property
  • Contractor plans and
  • Acquisition
  • Receipt of government furnished property and contractor acquired property
  • Records
  • Physical Inventory
  • Subcontractor control
  • Reports
  • Relief of stewardship responsibility and liability
  • Utilizing Government property
  • Maintenance
  • Property closeout
  • Systems analysis
  • Contractor inventory disposal
  • Storage
  • Disposition
  • Abandonment
• Know strategies for avoiding or minimizing the effect of adverse Property audit findings