Government Property - FAR
Sections Affected: 52.245-1(f) & (j); 52.245-9(d)(1); and
Standard Forms 1428, and 1429
Extension without change of a currently approved collection
No
Regular
05/27/2025
Requested
Previously Approved
36 Months From Approved
06/30/2025
15,075,958
14,367,368
4,662,001
4,442,877
270,396,058
217,700,973
This clearance covers the information
that contractors must submit to comply with the following FAR
requirements: a. FAR clause 52.245-1, Government Property i.
Paragraph (f)(1)(ii) requires contractors to document the receipt
of Government property. ii. Paragraph (f)(1)(ii)(A) requires
contractors to submit a written statement to the Property
Administrator containing all relevant facts, such as cause or
condition and a recommended course(s) of action, if overages,
shortages, or damages and/or other discrepancies are discovered
upon receipt of Government-furnished property. iii. Paragraph
(f)(1)(iii) requires contractors to create and maintain records of
all Government property accountable to the contract, including
Government-furnished and Contractor-acquired property. Property
records shall, unless otherwise approved by the Property
Administrator, contain the following: (1) The name, part number and
description, National Stock Number (if needed for additional item
identification tracking and/or disposition), and other data
elements as necessary and required in accordance with the terms and
conditions of the contract. (2) Quantity received (or fabricated),
issued, and balance-on-hand. (3) Unit acquisition cost. (4)
Unique-item identifier or equivalent. (5) Unit of measure. (6)
Accountable contract number or equivalent code designation. (7)
Location. (8) Disposition. (9) Posting reference and date of
transaction. (10) Date placed in service (if required in accordance
with the terms and conditions of the contract). iv. Paragraph
(f)(1)(iv) requires contractors to periodically perform, record,
and disclose physical inventory results during contract
performance, including upon completion or termination of the
contract. v. Paragraph (f)(1)(vii)(B) requires contractors, unless
otherwise directed by the Property Administrator, to investigate
and report all incidents of Government property loss as soon as the
facts become known. Such reports shall, at a minimum, contain the
following information: (1) Date of incident (if known). (2) The
data elements required under paragraph (f)(1)(iii)(A) of FAR
52.245-1. (3) Quantity. (4) Accountable contract number. (5) A
statement indicating current or future need. (6) Unit acquisition
cost, estimated sales proceeds, estimated repair or replacement
costs. (7) All known interests in commingled material of which
includes Government material. (8) Cause and corrective action taken
or to be taken to prevent recurrence. (9) A statement that the
Government will receive compensation covering the loss of
Government property, in the event the Contractor was or will be
reimbursed or compensated. (10) Copies of all supporting
documentation. vi. Paragraph (f)(1)(viii) requires contractors to
promptly disclose and report Government property in its possession
that is excess to contract performance. vii. Paragraph (f)(1)(ix)
requires contractors to disclose and report to the Property
Administrator the need for replacement and/or capital
rehabilitation. viii. Paragraph (f)(1)(x) requires contractors to
perform and report to the Property Administrator contract property
closeout. ix. Paragraph (f)(2) requires contractors to establish
and maintain Government accounting source data, particularly in the
areas of recognition of acquisitions, loss of Government property,
and disposition of material and equipment. x. Paragraphs (j)(2) and
(3) require contractors to submit inventory disposal schedules to
the Plant Clearance Officer using the Standard Form (SF) 1428,
Inventory Disposal Schedule and if needed the SF 1429, Inventory
Disposal Schedule-Continuation Sheet. b. FAR 52.245-9, Use and
Charges. Paragraph (d)(1) of this clause requires contractors
submitting a government property rental request to: identify the
property for which rental is requested, propose a rental period,
and compute an estimated rental charge by using the Contractor's
best estimate of rental time in the formulae.
This extension includes
adjustments to the public and Government burden estimates based on
the following: ● The estimated cost per hour is based on use of the
calendar year 2025 OPM GS wage rates for the rest of the U.S. ● The
estimated number of respondents and annual responses were based on
current FPDS data.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.