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FARS

Section 5145.505-14: Reports of Government property.

(S-90)The web-based Contract Property Management System (CPMS) will be used for input of all data on Government property in the possession of contractors.

(a) Contracting activities must use the Annual Summary Report of DoD Property in the Custody of Contractors furnished by the IEA during the second quarter of each fiscal year to actively manage the Government property they have entrusted to contractors. As a minimum, contracting activities must -

    (1) Compare the summary report with records kept in accordance with 5145.392 and any other available records to detect -

    (i) Contracts with Government property for which no DD Form 1662 has been submitted;

    (ii) Contracts reporting Government property via DD Form 1662 but not in the records required by 5145.392; and

    (iii) Contracts that are completed.

    (2) If contracts are missing from the annual summary report, contracting activities shall, within 60 days of receipt of the summary, send written inquiry to the cognizant Administrative Contracting Officer (ACO) at the Defense Contract Management Agency (DCMA) regarding nonsubmission of the DD Form 1662 and/or status of contract completion and availability of Government property for reutilization, as appropriate.




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