Abandonment

Leaving government-owned property in a non-federal location following expiration of a contract, following a determination that the item is no longer required for use on the contract. (Note: Abandonment may be authorized by the Government if no other alternative is available for disposal due to the item's low value or condition as long as the property is free from contamination.)

Non expendable personal property with an acquisition cost of $1000 or more, and sensitive items regardless of dollar value.

The removal of serviceable components from otherwise unserviceable government property. (Note: Authorization is required before government property may be cannibalized.)

Non expendable property which is installed or affixed to an item of accountable property. It must be integral to the functioning of the main unit and not have the capacity to stand alone. (Note: Examples include: a memory board for a computer and a probe for a photoionizer.)

Appraisals of the current condition of government accountable property through the assignment of designated codes. See appendix A for the list of condition codes.

Equipment/supplies that have been exposed to toxic or radioactive materials, chemicals or other waste products which render them unsafe for use.

A negotiated or unilateral change in the basic contract that alters funding, scope of work, personnel, government property authorizations, or any other terms of the basic contract.

An authorizing document issued by a Contracting Officer to a Contractor to make government property acquisitions.

Property purchased or otherwise provided by the contractor using contract funds, and reportable as government property.

A supply operation maintained by the General Services Administration (GSA) for the Government and its authorized contractors. The Customer Supply Center is used to procure small quantity orders of supply items. (Note: A contractor may be authorized by the Contracting Officer to use this source of supply.)

Tags designed and used in DS to identify Agency property. Decals are affixed to accountable property and display the specific numbers assigned to individual items of government property.

The sale, transfer (with or without the exchange of funds), donation, destruction, or abandonment of property.

Government property that is not required for immediate or foreseeable use.

Supplies and materials that are consumed or expended routinely, that lose their identity under contract performance; such as pens, pencils and typewriter ribbons.

Property used in accordance with terms of the contract for production, maintenance, research, development, or testing. (Note: The term does not include material, special test equipment, special tooling, or Agency-peculiar property, but it does include plant equipment and real property.)

An acronym (Federal Standard Requisitioning and Issue Procedures) referring to a procedure used by the Government and its authorized contractors to procure goods from the General Services Administration (GSA). (Note: A contractor may be authorized by the Contracting Officer to use this source of supply.)

A contract that is re-competed or renewed and awarded to the same or a different contractor.

Property in the possession of or acquired directly by the Government, and subsequently delivered or otherwise made available to the contractor.

All real and/or personal property owned by, or leased to the Government under the terms of a contract. Government property includes government-furnished (GFP) and contractor-acquired property (CAP).

A certification stating an item(s) is free from contamination. It is submitted when government property is no longer required at the contractor's facility or upon conclusion of the contract.

Property that is either acquired by the contractor or the Government under a lease arrangement.

The degree of a contractor's obligation to the Government for contractor inventory.

Material

Personal property that may be incorporated into or attached to an item, or that may be consumed or expended in performing a contract.

Items that are generally referred to as supplies, material, apparatus, and equipment.

Personal property which is durable with an expected useful life of two or more years, is complete in itself, and does not lose its identity or become a component part of another item.

Any corporation, foundation, trust, educational or other institution recognized by FAA and referenced in the contract as operated for scientific or educational purposes, not organized for profit, and not part of the net earnings of another corporation which inures to the profit of any private shareholder or individual.

All government property, excluding real property, which is either furnished by the Government or acquired with contract funds.

A wall-to-wall sighting and recording of all equipment items within a certain area. The types of inventories are start-up, annual, special and final.

Uncommon and highly valuable metals characterized by their superior resistance to corrosion and oxidation, such as platinum and gold.

Both real and personal. It includes facilities, supplies and material, special tooling, special test equipment, furniture, office equipment, ADP hardware and software and Agency-peculiar property.

Identifies a contractor's internal management program encompassing the protection, preservation, accounting for, and control of government property from its acquisition through disposal.

The overall responsibility required for the acquisition management, utilization and disposal of personal property.

Buildings, grounds, improvements, structures, and features permanently installed in, or attached to, facilities.

Property that has no reasonable prospect of sale or use as serviceable property without major repairs because of its worn, damaged, deteriorated, or incomplete condition or its specialized nature. While salvage has no reasonable prospect of sale or use without major repairs, it has some value in excess of its scrap value.

Property that has no reasonable prospect of being sold except for the recovery value of its basic material content.

The examination of excess property by government or contractor employees to determine its usefulness. (Note: A "screening pass" may be issued by the FAA Contract Property Administrator to contractor personnel, granting access to GSA holding areas.)

Items of personal property (supplies and equipment) that are highly desirable and easily converted to personal use; these items may be subject to additional controls.

Units that are engineered, designed, fabricated, or modified to accomplish special purpose testing. Special test equipment consists of items or assemblies of equipment that are interconnected and interdependent, becoming a new functional entity for special testing purposes.

Physical inventory of GFP performed shortly after contract award and reported to the Contract Property Administrator.

A perpetual inventory that is maintained for supply and materiel items, and shows, by nomenclature the quantities of each item, issues, and balance on hand.

An organization responsible directly to the prime contractor. Assists the contractor in carrying out the scope of work.

A category of government property that is of a low dollar value and generally has a life expectancy of less than a year.

Government-owned personal property classified previously as excess but not requested for transfer by any federal agency; thus, it is available for donation or sale.

The legal right to claim, control, and dispose of property as a result of a purchase.

Trade-In

The exchange of an item of property for a similar replacement whereby the vendor agrees to apply the value of the replaced item toward the purchase price of the new item.

Government-furnished (GFP) or contractor-acquired property (CAP) that is not authorized by an appropriate contract clause and/or modification and is in the possession of a contractor.

Government-furnished property or property acquired by the contractor during the life of the contract that is no longer needed to perform the scope of work under the contract for which it is authorized.

| Back | Table of Contents | Next |