53.245
Government property
FAR 53.245 mandates the use of specific standard forms for all reporting, reutilization, and disposal actions involving Government property to ensure compliance and accountability.
Overview
FAR 53.245 prescribes the mandatory use of specific government forms for reporting, reutilization, disposal, and accounting of Government property. Contractors and agencies must use these standardized forms to ensure proper documentation and compliance with federal property management regulations. The section references related FAR and CFR provisions for further guidance on when and how to use each form.
Key Rules
- Use of Standard Forms (SFs)
- Contractors and agencies must use designated SFs for excess property reporting, property for sale, inventory verification, and disposal actions.
- Form-Specific Requirements
- SF 120/120A: For reporting excess personal property.
- SF 126/126A: For reporting personal property for sale.
- SF 1423: For inventory verification surveys.
- SF 1424: For inventory disposal reports (authorized for local reproduction).
- SF 1428/1429: For inventory disposal schedules (authorized for local reproduction).
Responsibilities
- Contracting Officers: Ensure the correct forms are used and submitted as required for property management actions.
- Contractors: Complete and submit the prescribed forms accurately and timely when managing government property.
- Agencies: Oversee compliance with form usage and maintain records as required by related FAR and CFR provisions.
Practical Implications
- This section ensures uniformity and accountability in government property management.
- Proper use of these forms is critical for audit trails, property tracking, and compliance with federal regulations.
- Failure to use the correct forms can result in delays, compliance issues, or audit findings.