Government-Furnished Property (GFP) Management
The Government-Furnished Property (GFP) Management service provides a structured framework for managing, tracking, and maintaining all government-owned property assigned to the contractor. This service ensures full compliance with FAR 52.245-1 and DFARS property management regulations while mitigating risks related to property loss, misuse, or damage.
This service includes a robust property management system (PMS) designed to facilitate real-time tracking, accurate recordkeeping, and transparent reporting. Additionally, the program supports periodic audits, inspections, and final disposition of property upon contract completion. It also encompasses the establishment, operation, and continuous oversight of a compliant property management system (PMS) designed to accurately account for government property and minimize risk of loss, theft, or misuse. It includes property lifecycle management processes such as:
Receipt and inspection of GFP
Inventory management and tracking
Periodic reporting to the government
Storage, maintenance, and utilization controls
Loss and damage reporting and mitigation
Coordination for audits and government inspections
Final disposition processes upon contract completion
- Implementation and operation of a compliant property management system (PMS)Accurate inventory tracking and reporting of GFP assetsSecure storage
- maintenance
- and utilization controlsPeriodic reconciliation of property records with Government databasesCoordination of audits
- inspections
- and compliance reviewsLoss and damage reporting with mitigation strategiesFinal disposition planning and execution in coordination with the Government
Government and Department of War personnel can access labor categories, past performance data, deliverables, and compliance details for this service.