WebMar 16, 2024 · (1) Items that cannot be found after a reasonable search; (2) Theft; (3) Damage resulting in unexpected harm to property requiring repair to restore the item to usable condition; or (4) Destruction resulting from incidents that render the item … WebUnit acquisition cost means -. (1) For Government-furnished property, the dollar value assigned by the Government and identified in the contract; and. (2) For contractor …
48 CFR § 45.104 - Responsibility and liability for
Web(a) Title to supplies shall pass to the Government upon formal acceptance, regardless of when or where the Government takes physical possession, unless the contract specifically provides for earlier passage of title. (b) Unless the contract specifically provides otherwise, risk of loss of or damage to supplies shall remain with the contractor until, and shall pass … WebFeb 2, 2011 · Government property is defined in the clause at FAR 52.245-1, Government Property. 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. Loss of Government property does not … how does the ymca get funded
Contract Property Loss - DCMA
WebAs soon as the information was received, 26 fire tenders reached the spot. The fire was spreading quickly due to the wind. This fire has been declared of medium category. There is no information about loss of life or property so far. Situation under control: SK Dua, Deputy Chief… Show more . 08 Apr 2024 01:49:45 WebNov 15, 2024 · Section 3: Property Loss 5 . SECTION 3: PROPERTY LOSS . 3.1. PROPERTY LOSS OVERVIEW. Property loss case adjudication is a transactional … Web(a) Generally, contractors are not held liable for loss of Government property under the following types of contracts: (1) Cost-reimbursement contracts. (2) Time-and-material contracts. (3) Labor-hour contracts. (4) Fixed-price contracts awarded on the basis of submission of certified cost or pricing data. (b) The contracting officer may revoke the … photographe guyane