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Contract Clauses for Solicitation 47QSMD20R0001 Refresh Number 9 Contract Number: GS-07F-0031W <br />to the provisions of this clause. The Government shall retain title to all Government -furnished property. <br />Title to Government property shall not be affected by its incorporation into or attachment to any <br />property not owned by the Government, nor shall Government property become a fixture or lose its <br />identity as personal property by being attached to any real property. <br />(2) Title vests in the Government for all property acquired or fabricated by the Contractor in <br />accordance with the financing provisions or other specific requirements for passage of title in the <br />contract. Under fixed price type contracts, in the absence of financing provisions or other specific <br />requirements for passage of title in the contract, the Contractor retains title to all property acquired by <br />the Contractor for use on the contract, except for property identified as a deliverable end item. If a <br />deliverable item is to be retained by the Contractor for use after inspection and acceptance by the <br />Government, it shall be made accountable to the contract through a contract modification listing the <br />item as Government -furnished property. <br />(3) Title under Cost -Reimbursement or Time -and -Material Contracts or Cost -Reimbursable line <br />items under Fixed -Price contracts. <br />(i) Title to all property purchased by the Contractor for which the Contractor is entitled to be <br />reimbursed as a direct item of cost under this contract shall pass to and vest in the Government upon the <br />vendor's delivery of such property. <br />(ii) Title to all other property, the cost of which is reimbursable to the Contractor, shall pass <br />to and vest in the Government upon - <br />(A) Issuance of the property for use in contract performance; <br />(B) Commencement of processing of the property for use in contract performance; or <br />(C) Reimbursement of the cost of the property by the Government, whichever occurs first. <br />(t) Contractor plans and systems. <br />(1) Contractors shall establish and implement property management plans, systems, and procedures at <br />the contract, program, site or entity level to enable the following outcomes: <br />(i) Acquisition of Property. The Contractor shall document that all property was acquired <br />consistent with its engineering, production planning, and property control operations. <br />(ii) Receipt of Government Property. The Contractor shall receive Government property and <br />document the receipt, record the information necessary to meet the record requirements of paragraph <br />(t)(1)(iii)(A)(1) through (5) of this clause, identify as Government owned in a manner appropriate to the <br />type of property (e.g., stamp, tag, mark, or other identification), and manage any discrepancies incident <br />to shipment. <br />(A) Government furnished property. The Contractor shall furnish a written statement to <br />the Property Administrator containing all relevant facts, such as cause or condition and a recommended <br />course(s) of action, if overages, shortages, or damages and/or other discrepancies are discovered upon <br />receipt of Government -furnished property. <br />(B) Contractor -acquired property. The Contractor shall take all actions necessary to adjust <br />for overages, shortages, damage and/or other discrepancies discovered upon receipt, in shipment of <br />Contractor -acquired property from a vendor or supplier, so as to ensure the proper allocability and <br />allowability of associated costs. <br />(iii) Records of Government property. The Contractor shall create and maintain records of all <br />Government property accountable to the contract, including Government -furnished and <br />Contractor -acquired property. <br />Page: 177 of 211 <br />