![]() ![]() Current PIEE users can access the GFP module by logging into their account. Reporting value shall be at unit acquisition cost. ![]() (1) The Contractor shall use the property loss function in the Government-Furnished Property (GFP) module of the Procurement Integrated Enterprise Environment (PIEE) for reporting loss of Government property. (b) Reporting loss of Government property. (2) For Contractor-acquired property, the cost derived from the Contractor's records that reflect consistently applied, generally acceptable accounting principles. (1) For Government-furnished property, the dollar value assigned by the Government and identified in the contract and (4) Destruction resulting from incidents that render the item useless for its intended purpose or beyond economical repair. (3) Damage resulting in unexpected harm to property requiring repair to restore the item to usable condition or (1) Items that cannot be found after a reasonable search Loss of Government property includes, but is not limited to. Loss of Government property does not include purposeful destructive testing, obsolescence, normal wear and tear, or manufacturing defects. 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. Government property is defined in the clause at FAR 52.245-1, Government Property. Reporting Loss of Government Property (JAN 2021) ![]()
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