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Contract Clauses for Solicitation 47QSMD20R0001 Refresh Number 9 Contract Number: GS-07F-0031W
<br />stewardship responsibilities for the management of Government property.
<br />Provide means to furnish, as in Government -furnished property, or to acquire, as in
<br />contractor -acquired property.
<br />Real property See Federal Management Regulation 102-71.20 (41 CER 102-71.20).
<br />Sensitive property means property potentially dangerous to the public safety or security if stolen,
<br />lost, or misplaced, or that shall be subject to exceptional physical security, protection, control, and
<br />accountability. Examples include weapons, ammunition, explosives, controlled substances, radioactive
<br />materials, hazardous materials or wastes, or precious metals.
<br />Unit acquisition cost means-
<br />(1) For Government -furnished property, the dollar value assigned by the Government and
<br />identified in the contract; and
<br />(2) For contractor -acquired property, the cost derived from the Contractor's records that reflect
<br />consistently applied generally accepted accounting principles.
<br />(b) Property management.
<br />(1) The Contractor shall have a system of internal controls to manage (control, use, preserve, protect,
<br />repair, and maintain) Government property in its possession. The system shall be adequate to satisfy the
<br />requirements of this clause. In doing so, the Contractor shall initiate and maintain the processes,
<br />systems, procedures, records, and methodologies necessary for effective and efficient control of
<br />Government property. The Contractor shall disclose any significant changes to its property management
<br />system to the Property Administrator prior to implementation of the changes. The Contractor may
<br />employ customary commercial practices, voluntary consensus standards, or industry -leading practices
<br />and standards that provide effective and efficient Government property management that are necessary
<br />and appropriate for the performance of this contract (except where inconsistent with law or regulation).
<br />(2) The Contractor's responsibility extends from the initial acquisition and receipt of property,
<br />through stewardship, custody, and use until fonnally relieved of responsibility by authorized means,
<br />including delivery, consumption, expending, sale (as surplus property), or other disposition, or via a
<br />completed investigation, evaluation, and final determination for lost property. This requirement applies
<br />to all Govemmentproperty under the Contractor's accountability, stewardship, possession or control,
<br />including its vendors or subcontractors (see paragraph (t)(1)(v) of this clause).
<br />(3) The Contractor shall include the requirements of this clause in all subcontracts under which
<br />Government property is acquired or furnished for subcontract performance.
<br />(4) The Contractor shall establish and maintain procedures necessary to assess its property
<br />management system effectiveness and shall perform periodic internal reviews, surveillances, self
<br />assessments, or audits. Significant findings or results of such reviews and audits pertaining to
<br />Government property shall be made available to the Property Administrator.
<br />(c) Use of Government property.
<br />(1) The Contractor shall use Government property, either furnished or acquired under this contract, only
<br />for performing this contract, unless otherwise provided for in this contract or approved by the
<br />Contracting Officer.
<br />(2) Modifications or alterations of Government property are prohibited, unless they are-
<br />(i) Reasonable and necessary due to the scope of work under this contract or its terms and
<br />conditions;
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